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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...

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The cryptocurrency market seems to be recovering from its recent dip. Bitcoin (BTC), the leading crypto asset, has reclaimed the $99,000 mark after its recent descent to sub-$92,000 levels. The global crypto market cap has also climbed 1.5% in the last 24 hours to $3.64 trillion. Also Read: AMD Stock Target Falls, Is AMD Out of the AI Race in 2025? Bitcoin’s Price Movements Source: Watcher Guru BTC has risen 2.4% in the daily charts, 5.3% in the weekly charts, 4.1% in the 14-day charts, and 132.5% since January 2024. Despite the rally, the asset is down 6.7% over the previous month. Source: CoinGecko Why Is The Asset Rallying? Source: Watcher Guru BTC’s latest rally could be due to rising investor sentiment. Investors may be betting on a market-wide rally after US President-elect Donald Trump assumes office. Trump will be inaugurated into office on Jan. 20, 2025. Also Read: Stellar (XLM) Cryptocurrency Breaks Out: 30% Surge Incoming? Bitcoin (BTC) fell below $92,000 earlier ...