The encryption stocks stalled before the economic conference on Friday star-news.press/wp

The encryption shares fell on Tuesday, as investors fell before the economic conference for this week in Jackson Hall, Wyoming.

according to CNBCCoinbase and Etoro decreased more than 5 % for each of them, Robinhood and Bullish decreased more than 6 %, Crypto Services Galaxy Digital decreased by 11 %, and the Crypto Treasury Compames strategy, Sharplink games, mantamine boptine, development, development, development. Defi lost 7 %, 8 %, and 15 % respectively. Source Stablecoin Source Circle slipped 5 %.

Bitcoin decreased nearly 3 % to a little more than $ 113,000 and the ether decreased more than 4 % to $ 4100, according to data from the currency scales reviewed by CNBC.

The encryption shares have increased in recent months yet Coinbase Join the S&P 500 index, go publicly, and President Trump signed Genius Organizational framework for Stablecoins – in law. Wyoming has just become The first case in the United States For its Stablecoin version.

But the declining behavior returned before the annual economic conference of the Federal Reserve Bank in Kansas City in Jackson Hall, and Wyoming on Friday. It is expected that the head of the Federal Reserve, Jerome Powell, will take the theater A sign where the policy is heading.

Wall Street expects an overwhelming majority that the Federal Reserve will reduce prices next month, even when some analysts suspect that the result, luck I mentioned.

“With Powell’s talk at Jackson Hall, we usually see the profits before his statements,” Satraj Bambra, CEO of Hybrid Exchang Rails told CNBC. “At any time of uncertainty in communicating from the Federal Reserve, you can generally expect some profits as traders sabotage their sites.”