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Prices
●Bitcoin (BTC): $21,221 −0.5%
●Ether (ETH): $1,616 −0.6%
●S&P 500 daily close: 4,128.73 −0.2%
●Gold: $1,760 per troy ounce +0.7%
●Ten-year Treasury yield daily close: 3.05% +0.02
Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices.
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Stocks traded sideways, with the tech-heavy Nasdaq, S&P 500 and Dow Jones Industrial Average closing down 0.1%, 0.2% and 0.5%, respectively amid tepid trading. Equity markets are also awaiting Powell's signals at the annual Jackson Hole, Wyoming, economic symposium.
Is the Fed is still alarmed enough about inflation but comfortable with the pace of the current economic slowdown to maintain its aggressive monetary course of 75-basis point rate hikes? Or will it go dovish and announce a more moderate 50-point hike? Investor expectations have shifted back and forth in previous days.
Celsius' challenges returned to at least a part of the crypto industry spotlight as it sued crypto custodian Prime Trust in an attempt to claw back $17 million in crypto that the bankrupt lender alleges its former business partner still holds. Filed in federal bankruptcy court, the 54-page suit stems from a dispute over assets tied to Celsius’ yield product customers in Washington and New York.
Bitcoin and cryptocurrency: virtual money or digital currency?
There are different definitions and interpretations of bitcoin and cryptocurrencies in Vietnam, even among experts and policymakers.
Crypto Currency, its digital money.
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