Bitcoin, Ethereum Drop Before Powell's Important Speech
Major cryptocurrencies dropped on Thursday as investors waited for the Federal Reserve leader's speech.
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Cryptocurrency markets had a bad day on Thursday. Bitcoin dropped below $112,000 for the first time in a month. Ethereum fell to $4,205.
This happened because people were waiting for Jerome Powell's speech. Bitcoin lost 1.28% and Ethereum lost 1.42%. Other coins also lost money.
Over $220 million was lost from crypto markets in one day. However, big investors bought more than 16,000 Bitcoin when prices were low. This might mean prices could go up soon.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/08/47273845/bitcoin-ethereum-dogecoin-solana-slide-ahead-of-jerome-powells-jackson-hole-speech-large-in