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The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.
A lot of put options are in-the-money, crypto options exchange Deribit's Lin Chen said.
Don't ready too much into the move, said one observer, calling it a typical position reset.
The latest price moves in crypto markets in context for August 24, 2023.
Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.
VIPNoteworthy Bitcoin-themed memecoins- 13:24Murad: Buying established Meme coins is better than continuously speculating on-chainMeme coin KOL Murad shared his investment strategy, stating that the possibility of continuously making money in the blockchain trenches is not great. Buying a Meme coin that already has scale, it should have a constantly growing community and a realistic path to achieving billions in market value. Your chances of success will be much higher.
- 13:19A certain whale address withdrew 220,000 $Auction from CEX, valued at 2.967 million US dollarsOn-chain data shows that a certain whale address withdrew 220,000 $Auction from CEX 20 minutes ago, worth $2,967,800.
- 10:54A certain whale has reduced its holdings by 188.1 billion PEPE in the past hour, resulting in a loss of 2.63 million US dollarsAccording to ai_9684xtpa monitoring, "ETH High Win Rate Band Elder Brother" has reduced his position in PEPE, which was established three months ago, by 188.1 billion in the past hour, resulting in a loss of 2.63 million US dollars. This portion of $PEPE was purchased at an average price of 0.00002357 US dollars in December 2024 and sold at a price of 0.000009593 US dollars this time, resulting in a loss of 59.3%.