Cryptos put on slight gains as the market awaits Friday’s Jackson Hole meeting

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Bitcoin BTC Bitcoinprice crypto Cryptos put on slight gains as the market awaits Friday’s Jackson Hole meeting

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Activity in the crypto market remains relatively subdued ahead of Friday’s Jackson Hole meeting, with BTC trading in a range between support at $20,900 and resistance at $21,700 and showing no signs of an impending breakout. At the time of writing, Bitcoin is trading at a price of $21,500.

“So far, markets have been hoping a dovish Fed, but the Fed mentioned that its highest priority is to get inflation back down, and not pleasing the markets,” Lifchitz said. “The next Fed decision on rates is on Sep.21st, but it could also announce an intermediate rate hike at the Jackson Hole meeting or shortly after.”

Markets must wait. There is not much participants can do until Powell makes his speech on Friday. “Powell's speech will be key: He will try to get his point with just some talks but if results are not happening, then he won't have any choice but to act,” Lifchitz said.

 

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Alberta’s business community worries UCP sovereignty talk will put off investment in energy transitionIn Alberta’s energy sector, corporate leaders see a need to put expertise gained over decades in oil and gas to work on draining carbon out of energy systems It should make it better. Roly Poly JKenney's been working the back channels against ABDanielleSmith has he? It's so typical of the federal corruption bag he comes from so it's not like that would be a revelation. The liberalndp are worried about Alberta sovereignty because investors will invest in oil & gas instead of crushing the industry like they're doing. Sovereignty here we come!
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