{"id":13350,"date":"2022-08-27T01:19:43","date_gmt":"2022-08-27T01:19:43","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/price-analysis-8-26-btc-eth-bnb-xrp-ada-sol-doge-dot-shib-matic\/"},"modified":"2022-08-27T01:19:45","modified_gmt":"2022-08-27T01:19:45","slug":"price-analysis-8-26-btc-eth-bnb-xrp-ada-sol-doge-dot-shib-matic","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/price-analysis-8-26-btc-eth-bnb-xrp-ada-sol-doge-dot-shib-matic\/","title":{"rendered":"Price analysis 8\/26: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, MATIC"},"content":{"rendered":"
Federal Reserve Chairman Jerome Powell warned that the central bank will continue to use the \u201ctools forcefully\u201d to bring down inflation, which is close to its highest level in 40 years. He cautioned that the restrictive policy may remain for some time and warned that it could \u201cbring some pain to households and businesses.\u201d<\/p>\n
The United States equities markets reacted negatively to Powell\u2019s comments with the Dow Jones Industrial Average dropping more than 600 points. The cryptocurrency markets also witnessed sharp selling with Bitcoin (BTC) and most altcoins threatening to break below their immediate support levels.<\/p>\n