Bitcoin (BTC), the leading cryptocurrency by market value, has dropped by 13% since reaching a high of $25,000 on Aug. 15, CoinDesk data shows. Wall Street’s tech index Nasdaq has lost nearly 6% since Aug. 15, while the dollar index, which gauges the greenback’s exchange rate against major fiat currencies, has jumped 2.5%. The U.S. 10-year bond yield has increased by nearly 30 basis points.
Source: https://www.coindesk.com/markets/2022/08/25/first-mover-americas-bitcoin-gains-stall-at-22k-as-markets-await-powell-at-jackson-hole/?utm_medium=referral&utm_source=rss&utm_campaign=headlines