Crypto market is holding key levels ahead of Fed Chair Jerome Powell’s speech at Jackson Hole later today. Bitcoin is trading at $113,000 after dipping to $112,000 overnight, while Ethereum remains near the $4,300 mark, little changed in the past 24 hours. OKB continues its sharp rally, briefly crossing $250 and gaining 158% over the past week. Meanwhile, XRP trades at $2.86, down 8% over the same period.
But what else is happening in crypto news today? Follow our up-to-date live coverage below.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
