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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...

Bitcoin plunged after US Federal Reserve Chair Jerome Powell said the central bank will be “cautious” on rate cuts in coming months, but bounced back above $100K even as meme coins plummeted. Following the Fed’s announcement of a 0.25% interest rate cut on Dec. 18, BTC briefly dipped below six figures as Powell said the central bank will likely slow monetary easing in the coming months, a more cautious stance that spooked digital asset investors. While  BTC dropped to a low of $98,792.67 in the last 24 hours, m eme coins plummeted more than 8% with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) all suffering steep declines. Bitcoin is trading down 2.4% at $101,738 as of 4:14 a.m. EST. Meme Coin Bloodbath Sees Leaders DOGE, SHIB, PEPE And BONK All Plunge The overall crypto market tumbled more than 3% to a market cap of $3.52 trillion. Meme coins felt the brunt of the sell off in the digital asset space . Canine-themed Dogecoin (DOGE) and Shiba Inu (SHIB)...