Bitcoin Plummets Before Jackson Hole Speech: Investors Brace for Fed Impact

Bitcoin’s price experienced a brief dip to $112,565 on Wednesday, its lowest point in two weeks, before rebounding slightly to $113,545. This move comes ahead of the upcoming Federal Reserve’s Jackson Hole Meeting, where Chair Jerome Powell will deliver his speech and potentially impact interest rates just before the September Fed meeting. Investors are closely watching for any potential shifts in monetary policy that could affect Bitcoin’s trajectory.