India, Aug. 22 -- Mounting worries about the Fed's monetary policy approach dragged down cryptocurrency prices in the past 24 hours. While outflows from Bitcoin Spot ETF products in the U.S. continued unabated, Ethereum Spot ETF products witnessed a reversal in trend, reflecting in strong inflows. In tandem, Bitcoin declined while Ethereum rallied. Bitcoin dropped below the $112k level after a gap of 18 days.
Fed Chair Jerome Powell is scheduled to address the Jackson Hole symposium on Friday morning. The subject of the current year's Economic Policy Symposium is "Labor markets in transition: Demographics, Productivity, and Macroeconomic Policy." The topic assumes significance given the dual mandate of pursuing the economic goals of maximu...