Avila Sebastian

Sentiment in global markets remains dampened by the deteriorating macroeconomic as well as geopolitical scenario. The looming U.S. sanctions against Iran, the potential spike in crude oil prices as well as the likely impact on inflation weighed heavily on market sentiment.

Bitcoin has inched close to $80k and cryptocurrencies are trading firmly in the green amidst a mixed global market scenario..

Bitcoin, the leading cryptocurrency rose to a high of $81.2k in the past 24 hours but has since retreated to $78,933..

Cryptocurrencies are trading on a positive note amidst strong inflows to U.S.-listed Bitcoin Spot ETF products..

Anxiety is writ large in global markets ahead of the speech by Fed Chair Kevin Warsh at the Jackson Hole economic policy symposium hosted by the Federal Reserve Bank of Kansas City.

Sentiment in cryptocurrency market remains cautious amidst anticipation ahead of the speech by Fed Chair Kevin Warsh at the Jackson Hole economic symposium..

The U.S. Dollar staged a strong comeback during the week ended August 28 amidst hawkish hints from Kevin Warsh at his first speech as Fed Chair at the Jackson Hole symposium.

Cryptocurrencies mostly declined during the past 24 hours as markets reconciled to the spike in rate hike expectations from the Federal Reserve in the wake of hawkish comments from the Fed Chair.

Geopolitical tensions in the Middle East that have pushed crude oil prices and bond yields higher have dampened sentiment in the cryptocurrency markets as well. The soft labor market update from the U.

A weaker-than-expected update from the U.S. job market that triggered an easing in bond yields and the toning down of Fed rate hike bets failed to lift cryptocurrencies to the overnight green zone.