BTC price frustration may find some relief as Bitcoin traders’ hopes increase of the Fed cementing interest rate cuts at the Jackson Hole summit.
Bitcoin (BTC) circled intraday highs on Aug. 23 as markets braced for the week’s key macro event.
Data from Cointelegraph Markets Pro and TradingView showed $61,000 returning in the hours before the United States Federal Reserve’s Jackson Hole annual symposium.
The centerpiece of this will be a speech by Chair Jerome Powell. Set for 10am Eastern Time, the address is being closely watched by traders for signals over financial policy easing.
