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.
The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes to their investment decision based on the content shall undertake the result or loss by himself/herself.
The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.