Jackson Hole, Jerome Powell and Crypto
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SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut.
Volmex's one-day implied volatility index (BVIV1D) has increased to an annualized 49% as of writing, the highest since May 26, according to data source TradingView. That equates to a 24-hour price swing of 2.5%. That's slightly higher than the average daily move of 1.18% over the past 30 days.
Fed Chair Jerome Powell’s dovish Jackson Hole remarks boosted Wall Street optimism, with Tom Lee forecasting an S&P 500 rally, tech and crypto gains, and Ethereum’s central role in future financial innovation.
Arthur Hayes discusses his Ethereum price prediction, suggesting a retest of $4,000 if Powell delivers hawkish remarks at Jackson Hole.
The annual SALT Wyoming conference took place this week. Government officials said a lot the industry will like.
Will Jerome Powell hint at interest rate cuts at the Jackson Hole summit? Either way, it could have a big impact on Bitcoin.
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.
Historically, Powell’s remarks at Jackson Hole have triggered sharp market moves: hawkish tones have lifted the dollar and weighed on equities, while dovish guidance has sparked rallies in stocks and crypto.