#CryptoMarkets

📉 Crypto markets take a hit! Bitcoin 📉 7% to $113,479 & Ethereum 📉 10% to $4,269 over the past week, per CryptoSlate. Other top coins like Solana, $XRP ,$DOGE , & $ADA also see double-digit losses. 😱

Fear & Greed Index drops to 52, lowest since June (Coinperps). Santiment notes Bitcoin social media sentiment at its gloomiest since June 22. 🐻

Traders lean bearish with 50%+ Bitcoin short positions (CoinGlass), and Polymarket bettors give 60% odds of BTC falling to $111K or lower.

Kronos points to Fed’s upcoming Jackson Hole address as a potential market pivot. CME FedWatch shows 81% chance of rate cut in Sept. 📊