First Mover Asia: Bitcoin Trades Sideways, Investors Await Any Fed Interest Rate Signals; IMF Sees Growing Link Between Crypto and Asian Stocks

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Bitcoin was trading sideways but holding above $21K as investors continue their wait for federalreserve Chair Jerome Powell's next signals; the IMFNews has concerns about the rising correlation between Asia stock markets and crypto. JPRubin23 reports

Ten-year Treasury yield daily close: 3.05%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atCall this week's cryptocurrency price saga,"Waiting for Jerome."

Bitcoin was recently trading at about $21,200, roughly where it stood 24 hours ago. The largest crypto by market value has lost about 10% over the past week amid a wider crypto sell-off that has dropped digital assets total capitalization below $1 trillion. AVAX and DOT were recently up over a percentage point. But EOS and YGG fell more than 6% and 4%, respectively. EOS's decline follows a

Is the Fed is still alarmed enough about inflation but comfortable with the pace of the current economic slowdown to maintain its aggressive monetary course of 75-basis point rate hikes? Or will it go dovish and announce a more moderate 50-point hike? Investor expectations have shifted back and forth in previous days.crypto custodian Prime Trust in an attempt to claw back $17 million in crypto that the bankrupt lender alleges its former business partner still holds.

 

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First Mover Asia: Bitcoin Hovers Over $21K in Weekend Trading; India Crypto Industry's Challenging YearBitcoin, ether and other major cryptos traded higher on Sunday to regain a small bit of ground lost during a Friday price plunge; India's crypto industry has continued to face challenges this summer in an already difficult year. JPRubin23 reports JPRubin23 why nbodyyy talkk about this JPRubin23 Take advantage of this before it's too late? JPRubin23 DogeZillaCoin💎💎💎 Contract on BSC: 0x7a565284572d03ec50c35396f7d6001252eb43b6
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Asian stocks mixed ahead of annual Fed meeting after China cuts rateAsian stock markets were mixed amid a China rate cut as investors looked ahead to this week's Fed Jackson Hole meeting.
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