BRN analysts: The speech by the Federal Reserve Chairman at the Jackson Hole meeting may lead to increased volatility in BTC prices

ChainCatcher news, according to The Block, despite a general rise in the U.S. stock market ahead of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole conference later this week, the price of Bitcoin has still seen a slight decline over the past 24 hours. In the past 24 hours, the price of Bitcoin has dropped nearly 3%, trading at around $58,500.

BRN analyst Valentin Fournier stated that the upcoming Jackson Hole conference may lead to increased volatility in Bitcoin prices, as the market awaits further announcements from the Federal Reserve at the Jackson Hole symposium and macroeconomic indicators. Bitcoin's volatility may rise in the coming days or week.