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Bitcoin Bears in Control Before Nvidia Earnings
Bitcoin price crashed this week as demand from investors remained under pressure. The BTC/USD plunged to a low of 108,728 on Tuesday, its lowest level since July 9, down by over 12% from its highest level this year, meaning that it is now in a correction. Bitcoin has been relatively volatile this week as focus remained on the Federal Reserve after Jerome Powell's statement at the Jackson Hole Symposium on Friday. In his closely-watched speech, he seemed to change his tune on interest rates, citing the ongoing softening of the labor market. Meanwhile, Bitcoin reacted mildly to the ongoing tussle between the White ... (full story)
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