Bitcoin Tumbles Ahead of Jackson Hole: Traders Brace for Pivotal Fed Speech
Bitcoin's price takes a hit as the financial world holds its breath for the Federal Reserve's Jackson Hole symposium. All eyes are on Jerome Powell's upcoming speech—traders are betting every word will move markets.
THE WAITING GAME
Nobody's making big moves right now. The crypto market's stuck in pause mode until Powell speaks. Volatility's coiled like a spring—everyone knows it’s coming, but nobody knows which way it’ll break.
THE FED EFFECT
Bitcoin’s sensitivity to traditional finance signals is on full display. Hawkish tones could spell more pain; dovish hints might spark a relief rally. Classic crypto—always at the mercy of the very system it’s trying to disrupt.
Because nothing says 'decentralized revolution' like sweating over a central banker’s every word.
On Wednesday, Bitcoin dropped briefly to $112,565, its lowest in two weeks before bouncing back to $113,545, ahead of the Fed’s Jackson Hole Meeting. Investors were waiting for Fed Chair Jerome Powell’s speech on a Read More
