- Bitcoin was trading close to $20,000 to start the weekend, as traders reacted to comments from U.S. Fed Chair Jerome Powell during Friday’s Jackson Hole summit.
- Powell warned that “there will be some pain ahead,” as the Fed attempts to bring the rate of inflation down.
- Today’s decline comes as ethereum fell below its long-term support level at $1,550.
Bitcoin, Ethereum Technical Analysis: BTC Nears $20,000, as ETH Hits 1-Month Low
