Bitcoin (BTC) Mulls Meaning of Federal Reserve Messaging Ahead of Jerome Powell’s Jackson Hole Speech

Fibo Quantum

Stuck in a tight range roughly between $29,000 and $30,000 for several weeks, bitcoin (BTC) Thursday afternoon dropped to the low $28,000 area thanks to the economic news. That, in turn, triggered a chain of stops and liquidations that sent bitcoin quickly plunging below $25,000. A very modest recovery since has brought the price back to $26,000 at press time.

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