Bitcoin’s 10% Weekly Drop Puts Bears in Control Ahead of Jackson Hole Symposium

The Fed said in July that it would be appropriate to slow tightening at some point, triggering a relief rally in risk assets. However, according to Dan Peng, VP at Singapore-based digital asset management platform Metalpha, monetary policy operates with a lag. So, the central bank will likely stick to its hawkish script at least for some time.