BRN analyst: Fed Chairman's speech at Jackson Hole conference may lead to increased BTC price volatility
According to The Block, despite the overall rise in the US stock market earlier this week before Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole conference, the price of Bitcoin still fell slightly in the past 24 hours. In the past 24 hours, the price of Bitcoin has dropped nearly 3%, trading at about $58,500. BRN analyst Valentin Fournier said that the upcoming Jackson Hole conference could lead to increased volatility in the price of Bitcoin, as the market awaits further news and macroeconomic indicators from the Federal Reserve at the conference. Bitcoin's volatility may rise in the next few days or weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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