Best Crypto to Buy Now August 25 – Rollbit Coin, Unus Sed Leo, Livepeer

cryptonews.com:

Speaking at the Kansas City Fed's annual Jackson Hole economic policy symposium on Friday, Federal Reserve Chair Jerome Powell signaled the central bank is willing to continue aggressive interest rate hikes to curb high inflation.

Powell put emphasis on the urgency of not letting up on bringing down inflation, currently at its highest in 40 years, while ensuring that rates remain low until inflation consistently reverts to the Federal Reserve's 2% benchmark.

With these macroeconomic dynamics at play, what are the best cryptos to buy now? 

"We are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply, and to keep inflation expectations anchored," said Powell during his remarks. "We will keep at it until we are confident the job is done."

Powell noted that while higher interest rates, slower growth, and softer labor market conditions will bring pain to households and businesses, allowing high inflation to persist would mean even greater pain.

Market participants currently see a 78% probability that the Fed's next policy meeting in September will not result in another oversized rate hike, following back-to-back 75 basis point increases in June and July.

But Powell's comments did indicate a willingness to keep raising rates if economic data indicates inflation is not yet on a sustainable downward path.

In the cryptocurrency market, Bitcoin's price briefly rose following the speech but later declined to around $25,773. Bitcoin is currently trading at $26,074 down by 0.38% so far today.

Market participants caution that if the existing support level of around $25,800 is breached, it could trigger intense selling pressure. Data from CoinMarketCap indicates that Bitcoin's trading volume is