BRN analyst: BTC price volatility may intensify before Fed Chairman's speech at Jackson Hole Conference

Odaily News Despite a broad rally in U.S. stocks ahead of a speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole conference later this week, Bitcoin prices have edged lower over the past 24 hours. Bitcoin prices have fallen nearly 3% over the past 24 hours, trading at around $58,500. Valentin Fournier, an analyst at BRN, said the upcoming Jackson Hole meeting could lead to increased volatility in Bitcoin prices, and that Bitcoin volatility could rise in the coming days or week as the market awaits further news from the Fed at the Jackson Hole symposium and macroeconomic indicators. (TheBlock)