Bitcoin Stabilizes Around $113K Ahead of Powell’s Speech
Hey folks, here’s your fresh crypto update to kick off the morning:
-
Bitcoin holding firm at ~$113K — After a dip earlier this week, BTC has stabilized around $113,000–$113,200, with a modest loss of about 0.6% in the past 24 hours.
-
Market steadies before Jackson Hole — The broader crypto market is playing it cool ahead of Fed Chair Powell’s much-awaited speech. Volatility expectations are modestly elevated, suggesting potential ±2% price swings around the event.
-
Institutional optimism meets cautious sentiment — While some analysts from Bernstein project Bitcoin’s bull run could stretch to 2027, others warn that macro risks remain a wild card.
Take a look at the chart above — it vividly shows Bitcoin’s recent dip and rebound. It’s almost like the market is taking a deep breath before Powell takes the stage.
Let’s be honest—these are tight margins. Will this calm before the storm lead to a breakout or a deeper pullback? What are you watching for?
Use my links below to start earn today:
