Bitcoin Approaches $80,000 as Traders Eye Jackson Hole and Next Pullback
Bitcoin is approaching Bitcoin's Next Test Is $80,000 as Jackson Hole Meeting Looms.
according to Decrypt, CoinDesk, and MarketWatch.
Decrypt reports that Kevin Warsh will deliver his first Jackson Hole keynote as Fed chair on Friday, with futures currently pricing a Kevin Warsh gives his first Jackson Hole keynote as Fed chair on Friday, with futures now pricing a September rate hike at 36%.
chance of a September rate hike.
CoinDesk reports that bitcoin is nearing the $80,000 level, but that analysts say the next pullback in price will be the key signal to watch.
MarketWatch reports that bitcoin has outperformed both stocks and gold over the past six months and is now closing in on the $80,000 mark.
Sources: Decrypt, CoinDesk, MarketWatch
This article is for information only and is not financial advice.
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