Powell's Jackson Hole Speech Gives Crypto Investors the Jitters | Crypto

Powell’s Jackson Hole Speech Gives Crypto Investors the Jitters

-The crypto market lost value after Jerome Powell’s speech at the Jackson Hole economic symposium.
-Powell’s speech signaled that the Fed may continue to raise interest rates sharply in the coming months.
-The total market cap of all cryptocurrencies fell below $1 trillion after staying above that mark for over a month.
-Bitcoin, the largest cryptocurrency by market cap, fell below $20,000.
-Ethereum, the second largest cryptocurrency, was at $1,453 on Monday.
-The market dominance of Bitcoin has stayed constant. It continues to hold over 39% share in the total crypto market.

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