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Sam Bankman-Fried said US prosecutors’ proposal to put him in prison for as long as 50 years “distorts reality” and paints him as a “depraved
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Why Is Crypto Dropping Today? Highlights: Crypto lost ground as Bitcoin, Ethereum, and XRP erased Friday’s gains—BTC dropped ~3% to $111K, ETH down ~3.6%, XRP ~2.5% . A Bitcoin whale reportedly offloaded a large holding, triggering a sharp flash crash . The rebound after Powell’s dovish speech seems to have encouraged profit-taking, especially after BTC fell below its 50-day moving average . Bottom Line: Overbought relief + whale sell-off = quick dip. Market mood turned cautious, prompting a pullback. Question to the community: Are you using this as a buying opportunity or staying cautious?
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#PowellvsTrump – Markets React Jerome Powell’s Jackson Hole speech hinted at a possible September rate cut, boosting crypto and stock markets. Investors welcomed his signal of monetary easing. However, Donald Trump quickly criticized the Fed, calling Powell a “total loser” and even threatened to remove Fed Governor Lisa Cook if she doesn’t resign. Markets are currently more focused on Powell’s signal than Trump’s political pressure, but the tension adds uncertainty ahead. #JeromePowell #DonaldTrump #RateCut
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#Crypto markets turned green right after Jerome Powell’s #JacksonHole speech. #Powell hinted at the possibility of a rate cut in September, signaling easier monetary policy ahead. Lower interest rates often drive investors toward risk assets like Bitcoin and #Altcoins and the market reacted instantly. #Bitcoin jumped, #Ethereum gained momentum, and major altcoins showed strong recovery. $BTC $SOL $ETH
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Jerome Powell, in his #JacksonHole speech, signaled that the Federal Reserve may consider a #ratecut as early as September if current economic trends continue. He highlighted that the labor market is cooling while inflation pressures remain, pushing the Fed to seek a new balance. #Powell didn’t confirm any decision yet, but the Fed is clearly keeping the rate cut option open. Markets reacted positively — stocks rose, bonds gained, and #crypto traders are now eyeing a possible relief rally if the Fed follows through in September. $BTC $SOL $DOGE
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Bitcoin is showing signs of bullish momentum as market greed rises. Currently holding near $119K, BTC is just below the key resistance at $121.5K–$123.2K. Break above → $125K–$128K possible soon. Drop below $117.5K → risk of $112K retest. Greed can fuel sharp rallies, but it can also trigger sudden pullbacks — stay alert. #MarketGreedRising
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