Fed Chair Powell speaks about US economic outlook this week
By Tiffany Wang, WOO Network Analyst
Equity markets experienced a decline in the previous week, a pattern that $BTC mirrored in line with its established correlation. The prevailing low volatility and reduced trading volume observed in $BTC over recent months led to liquidation. The overarching theme from prior weeks persisted, including long-term yields going up and the anticipation of an elevated neutral interest rate.
On a different note, further negative developments have surfaced in China’s economic landscape. These include the filing for bankruptcy by Evergrande and bond payment defaults by other prominent real estate conglomerates.
For next week, it is notable that the annual Jackson Hole Symposium is scheduled to convene on August 24th.
Crypto and blockchain events this week (Aug 21st ~ 25th)
Meanwhile, here are the biggest crypto and blockchain events happening around the world this week so that you can stay informed.
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