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Before Jerome Powell, the head of the US Federal Reserve, talks about the economy at an important meeting, the prices of digital money went down on Friday.The total value of all cryptocurrencies together got smaller, around $1.05 trillion, going down by 1.43% in the last day. Bitcoin, the main one, went down by 1.76% to $26,002. Another big one, Ethereum, went down by almost 2% and was below $1,650.Other important cryptocurrencies like BNB (2%), XRP (2.8%), Cardano (3.1%), Dogecoin (2.7%), Solana (5.5%), Polygon (3.5%), and Shiba Inu (3.2%) were also down on Friday.The cryptocurrency market didn&#39;t do as well since yesterday. The &#34;crypto fear and greed index,&#34; which shows if people are worried or excited about cryptocurrencies, went down by 2 points since yesterday. It&#39;s still in the &#34;fear&#34; area, with a score of 39 out of 100, according to Parth Chaturvedi from CoinSwitch Ventures.People are waiting for Jerome Powell, who leads the US Federal Reserve, to talk on Friday. They want to know if the plans to increase interest rates will stop, and this could affect how cryptocurrencies do in the future,&#34; Parth explained.Bitcoin, the biggest cryptocurrency, is worth about $506 billion in total. Right now, it&#39;s more important than other cryptocurrencies, making up about 48.35% of the whole market. This percentage went up a tiny bit today, by 0.04%, according to CoinMarketCap.The way things work in the market might change because of Jerome Powell&#39;s talk in Jackson Hole. This talk could have an impact on how cryptocurrencies do. If Powell says things that make people think he might increase interest rates, the price of Bitcoin could go down. But if he says things that make people think he might not increase rates, the price of Bitcoin could go up,&#34; explained Sathvik Vishwanath, who is the Co-Founder &amp; CEO of Unocoin.Rajagopal Menon, who is the Vice President at WazirX and knows a lot about technology, looked at the crypto market. He says that if we look at BTC&#39;s Exponential Moving Average for 10 days, it shows a strong feeling of selling at 26,683. For the 200-day Exponential Moving Average, the number is 27,208, which also shows a strong selling feeling. The Simple Moving Average for 10 days is at 26,455, and for 200 days, it&#39;s at 27,393. Both of these also show a strong feeling of selling.Then, there&#39;s something called the Ichimoku Base Line, which is at 27,780. This has been showing a kind of neutral feeling for a long time. There&#39;s also the Hull Moving Average, but it seems like the information got cut off.&#34;(Important: The things experts say are their own thoughts. They don&#39;t represent what The Economic Times thinks.)

Crypto Prices Today: Bitcoin Stays at $26,000 Before Fed Chair's Speech; Solana, Polygon Dip

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