Bitcoin, Ethereum Extend Losses to $20,230 and $1,500

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Bitcoin, Ethereum Extend Losses to $20,230 and $1,500
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Bitcoin falls to $20,230 hit by Jerome Powell’s speech, ethereum drops deeper too. $BTC $ETH santimentfeed

of Jerome Powell, head of the US Fed Reserve, during the annual central banking summit that occurred n Wyoming’s Jackson Hole on Friday, August 26, stock markets along with cryptocurrencies began to slump.The Fed Reserve chairman stated that the US central bank will have to keep to its hawkish stance for a while longer, thus killing traders’ expectations for a pivot to happen any time soon.

The traditional rival of Bitcoin, gold, also went down, according to data presented by Santiment data aggregator – gold, S&P 500, Bitcoin, Ethereum and other digital currencies responded with a sharp fall.

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