BTC Near $112K as Investors Await Powell Remarks

Visit us for crypto trading strategy, world class Binance Futures Bot, Futures Leverage Bot, Binance Futures and assistance on crypto trading – https://telegram.me/freebitmexsignals

Bitcoin fell below $113,000 as investors braced for Jerome Powell’s Jackson Hole speech that could set the US Fed’s path on interest rate cuts.

Cryptocurrency investors were bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting.

Bitcoin briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data showed.

Bitcoin’s dip below $113,000 was a snapshot of “rising nerves in the market” as macroeconomic tensions surrounding Powell’s speech were causing “fear spikes” among digital asset traders, according to Ryan Lee, chief analyst at Bitget exchange.

“Now, letting the narratives settle and liquidity return might pave the way for a rebound,” the analyst told Cointelegraph, adding that if the $112,000 support level holds until the speech, it may provide the “setup for the next leg of the bull run rather than a reset.”


50% Profit on #CTSI/USDT

We have some expertise in trading, our team is well aware of the market fluctuations in the Bitcoin industry with 5 years of experience.

Binance.com is making cryptocurrency trading accessible to everyone, anywhere in the world. Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and many more digital assets.

Please click on the above link for more details.

Comments

Post a Comment

Popular posts from this blog

BTC Dumps to 2-Week Low With $350M in Liquidations

Image
Visit this link to make money with bitcoin and other cryptocurrencies. Receive daily altcoin signals with the best crypto trading startegy - https://telegram.me/freecryptosignalsdaily Roughly 120,000 traders have been wrecked in the past 24 hours. Bitcoin’s price took another turn for the worse in the past hour or so, dumping by several grand to a multi-week low of under $62,000. This is the asset’s lowest price tag since the US Federal Reserve cut the interest rates in mid-September. 20% profit on #REEF/USDT through the Cornix Bot Pro Binance Signals Group which has 10000+ Pro Members. Our team of Trading Experts will analyse the markets every day to identify the best possible trading opportunities. If you need any help we will be there to support you all the way. We will do all we can to boost your trading. Daily Futures/SPOT Signals as per the Market trend with high accuracy of 90%+ on an average. Join and Become a Pro Binance Futures Market Trader.
Read more

Is 2025 the Calm Before Crypto’s Big Change?

Image
Explore the provided link to ensure a steady profit in Binance futures trading –   https://telegram.me/binancefuturesignal This crypto market cycle hasn’t seen the hype and excitement that was present in previous bull markets, but that doesn’t make it any less significant. “Something strange is happening with this Bitcoin cycle,” said analysts at BTC financial services firm Swan on X on June 5. We should be in the final year of the four-year trend, but corporations are buying more than ever, they said, adding that the asset price is “boring people.” While Bitcoin typically experiences explosive growth in its “third green year,” 2025 has seen more measured movements with sideways trading. However, this signals a crucial transition rather than a broken cycle, the analysts argued. Excellent 33% Profit on #ALCH/USDT The infrastructure of the Binance Futures platform aligns with that of their spot trading exchange, Binance. Integrating our Cornix trading Bots with your Binance Futu...
Read more

Binance started using Banxa’s fiat-to-crypto! More than 190% Profit in a day.

Image
Visit us for crypto trading strategy, world class Binance Futures Bot, Futures Leverage Bot, Binance Futures and assistance on crypto trading -  https://t.me/binancefuturesignal Cryptocurrency exchange ByBit now lets its users exchange over 20 fiat currencies for cryptocurrency. More than 190% Profit in a day with not even one trade hitting the stop loss - These are incredible Binance Futures Signals. The trading gets much more easier as our Members also uses the Binance Futures Bot to copy all these trades on their account. Once you are Our Binance Futures Member, you get access to all the following benefits: ➕Daily 3 to 4 Binance Futures Elite Group Signals. ➕Accurate Take Profit Levels and Stop Loss Levels. ➕Binance Futures Trading Videos and Strategies. ➕Assistance on Trades. Apart from it, We are the ONLY Binance Futures Group which provides highly efficient Binance Future Bot. Follow Our Binance Futures Community and Enjoy Profit.
Read more