ChainCatcher reported that according to The Block, despite the general rise in U.S. stocks ahead of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole conference later this week, Bitcoin prices have fallen slightly in the past 24 hours. In the past 24 hours, Bitcoin prices have fallen by nearly 3%, trading at around $58,500.
BRN analyst Valentin Fournier said that the upcoming Jackson Hole meeting may lead to increased volatility in Bitcoin prices. As the market waits for further news from the Federal Reserve at the Jackson Hole seminar and macroeconomic indicators, Bitcoin volatility may rise in the next few days or week.