India, Aug. 21 -- Sentiment in cryptocurrency markets changed course on Wednesday, tilting partially into the green zone ahead of the much-awaited speech by Fed Chair Jerome Powell on Friday morning at the Jackson Hole Symposium. The growing divergence in the monetary policy approach of the Fed members as well as the persisting outflows from crypto spot ETF products in the U.S. limited gains. Bitcoin is trading in the red while top-ranked altcoins are trading firmly above the flatline.
Fed Chair Jerome Powell is expected to reveal his mind on the forward trajectory of interest rates taking into cognizance the weak labor market data as well as the potential price pressures created by the raised tariffs. Amidst intense political pressure on ...