The market experienced choppy price action, with $BTC climbing back to $92k before declining. Currently, $BTC is at $87,293 and $ETH is at $3,058. Bitcoin dominance stands at 60.86%.
At a conference in Dallas, Powell made some hawkish comments, including, "The economy is not sending any signals that we need to be in a hurry to lower rates.” The market is now pricing in a 48.3% probability of a 25bps rate cut, down from 80.7% yesterday.
Other notable headlines include Deribit options open interest reaching an all-time high amid rising demand for Bitcoin calls, Bitfinex hacker Ilya Lichtenstein being sentenced to five years in prison, and Binance announcing the $USUAL launchpool.
Over the past 24 hours, the top three gainers have been $DEGEN, $MOODENG, and $ACT, while the top three losers are $NEIRO, $POPCAT, and $FWOG.
