The market is a situation that looks like trouble just waiting to happen, especially as we have seen so much negativity in the stock market after the Jerome Powell speech.
- The BTC/USD has fallen during the trading session on Friday as we continue to see negativity in the Bitcoin market.
- Jerome Powell has given his speech at Jackson Hole, leaving no doubt as to how the Federal Reserve is going to behave.
- As they continue to be hawkish, that will drive money away from riskier assets such as Bitcoin.