🚀Hot News That Could Move the Crypto Market Today.
Today there are several major news items that could move the crypto market. China is considering creating a stablecoin pegged to the yuan, which could increase the flow of capital into crypto assets. From the American side, the market is waiting for the speech of The Fed Chairman Jerome Powell at Jackson Hole, because if he signals that interest rates will be eased, crypto could rally. Meanwhile, large investors are starting to exit Bitcoin ETFs and are increasingly entering Ethereum ETFs, a sign of growing interest in ETH. On the regulatory side, global financial institutions are urging that Basel rules for banks regarding crypto be relaxed, which could open the door wider for banks to enter the digital asset market.
