Jerome Powell's Jackson Hole Speech
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OKB surged to a new all-time high, Kanye West's YZY crashed, and Bitcoin fell below $113K ahead of Jerome Powell's Jackson Hole speech.
Bitcoin rose more than 2% on Friday after Federal Reserve Chair Jerome Powell signaled it may be time to cut interest rates amid mounting concerns about the labor market during his speech at the central bank’s Jackson Hole symposium.
Crypto traders had been preparing in recent days for a more-hawkish tone from Fed Chair Jerome Powell's highly anticipated speech in Jackson Hole.
Yields on U.K. government bonds fell, tracking their U.S. equivalents, after U.S. Federal Reserve Chair Jerome Powell signalled possible interest-rate cuts in September during a speech at the Jackson Hole conference.