Crypto Markets at a Glance 💥💥💥

Helping EVERYONE to make better crypto investment decisions.

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👇 1) Bitcoin prices have been pinned at 26,000 for two weeks. The conclusion from Fed Chair Powell’s Jackson Hole meeting is that the Fed wants to keep its rate hike options open while acknowledging that they could wait and see how the previous hikes impact the economy. The Fed had switched to the slower-moving ‘core CPI’ index. Based on our inflation model, CPI will drop to 2.0% by the end of the year.

👇 2) Bitcoin price is 26,053 below the 50d MA 28,878 -> this is bearish, price WoW decreased by -0.3%; Ethereum price is 1,654 below the 50d MA 1,823 -> this is bearish, price WoW decreased by -0.8%; overall the trend is down -> bearish.