📉 Against the backdrop of financial market instability, the stocks of cryptocurrency companies have fallen more sharply than the cryptocurrencies themselves. On August 19, traders observed a drop in quotes amid uncertainty ahead of the annual symposium in Jackson Hole, where important statements from Fed Chair Jerome Powell are expected.

Stocks of the Bitcoin exchange Coinbase and broker eToro fell by more than 5%, while the stocks of Robinhood and Bullish dropped by 6%. At the same time, the stock indices NASDAQ100 and S&P 500 fell only by 1.4% and 0.6%, respectively. Bitcoin lost 2.5% in value, while Ethereum lost 3%.

Keep an eye on the market and prepare for potential changes after Powell's speech on August 22. 🧐💬

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