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Bitcoin dips ahead of Powell speech
Bitcoin slides near 112k as CPI data influences rate cut expectations ahead of Jackson Hole.
Investors watch policy signals as Bitcoin slips near 112K ahead of Jackson Hole.
Bitcoin dips as Powell speech tests policy outlook
Bitcoin traded around 112,500 dollars after dipping below 113,000 on Wednesday as traders brace for Powell's remarks at the Jackson Hole symposium. CPI data showing a 2.7 percent year over year increase cooled hopes for an imminent rate cut, reducing the probability of the first cut in 2025 to about 82 percent from 94 percent, according to CME FedWatch.
Key Takeaways
"Now, letting the narratives settle and liquidity return might pave the way for a rebound."
Ryan Lee, chief analyst at Bitget, on the possible rebound if the 112k level holds.
"The moment you see further rate cuts by the Fed, the curve will steepen."
André Dragosch, head of European research at Bitwise, on macro implications.
"BitcoinTreasuries.NET shows 297 public entities hold BTC."
Data source confirming the extent of public ownership.
The market is now reading policy signals as a major driver for crypto prices. Powell's speech at a high profile gathering can tilt expectations and trigger quick moves, for better or worse. This dynamic shows how Bitcoin is increasingly tied to macro policy rather than just technical factors.
At the same time, corporate and public sector buyers keep buying BTC, hinting at a longer term shift in how institutions view crypto as a balance sheet asset. Yet the near term remains fragile, with liquidity and policy clarity likely to set the tempo for the next several weeks.
Highlights
- Liquidity returning could set up the next leg of the rally
- Policy signals drive the crypto market more than noise
- Public buyers keep stacking BTC despite volatility
- Jackson Hole tests crypto faith in policy
Monetary policy and market sensitivity risk
The article ties Bitcoin moves to Fed policy and CPI data, highlighting how policy signals can trigger swings in a new asset class. This creates potential investor backlash and policy scrutiny if volatility worsens.
Policy signals will shape the crypto market in the weeks ahead.
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