Jackson Hole Summit Looms: Bitcoin Price Volatility May Intensify
Publication Time:2024-08-19 23:36:07
In the upcoming Jackson Hole Summit, where Federal Reserve Chair Jerome Powell is scheduled to give a speech, the market is paying close attention to the future direction of monetary policies. Despite the overall US stock market showing an upward trend, Bitcoin's price has fallen by almost 3% in the last 24 hours, currently trading at around $58,500. Analyst Valentin Fournier from BRN points out that this summit might cause a significant increase in Bitcoin price volatility. With markets eagerly waiting for more information on Fed policies and updates on macroeconomic indicators from the Jackson Hole Symposium, it is anticipated that Bitcoin's volatility will rise over the next few days or a week.
Market Forecast
Federal Reserve policy
Bitcoin price volatility
Jackson Hole Summit