OKB Hits New ATH, Kanye West’s YZY Crashes, Bitcoin Below $113K Ahead Of Jerome Powell’s Jackson Hole Speech: Market Wrap
OKB soared to a new all-time high (ATH), Kanye West’s YZY token plummeted, and Bitcoin dropped below $113K ahead of Fed Chair Jerome Powell’s Jackson Hole Speech later today. OKB led gainers with a 16% surge to trade at $218 as of 4:15 a.m. EST, where it also touched a new ATH at $255.50. Among other top gainers, Zcash (ZEC) jumped 9.8%, GateToken (GT) climbed 5.6%, and KuCoin Token (KCS) rose 3.2%. Meanwhile, the Bitcoin price tumbled a fraction of a percent to trade at $112,837 ahead of Powell’s potentially pivotal speech. Investors will be watching closely for signals on whether the Fed is preparing to cut rates in September or remains concerned about inflation. OKB Soars To ATH As Broader Market Dips With Neutral Sentiment OKB has reached a new all-time high at around $229, with Fibonacci retracements indicating key support at $200 and resistance at $236. The 50-day and 200-day Simple Moving Averages (SMAs) remain bullish, and the RSI at 59.17 refle...