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2d ago

Bitcoin Falls to Two-Week Low as Risk-Off Trade Deepens Before Powell’s Jackson Hole Speech

Fed minutes highlighted internal splits on inflation risks, keeping rate-cut timing in focus and cooling appetite for tech and crypto-linked shares.

Interior del Palacio de la Bolsa de Madrid.
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La agenda geopolítico podría golpear más a las criptomonedas. 

Overview

  • Bitcoin traded near $113,000–$115,000 after a swift pullback from last week’s record around $124,000, with major altcoins also lower.
  • Coin Metrics reported more than $500 million in forced liquidations over 24 hours earlier in the week, accelerating downside in Bitcoin and Ether.
  • Wall Street closed mixed on Wednesday with ongoing tech weakness; the S&P 500 fell 0.24%, the Nasdaq dropped 0.67% and the Dow rose 0.4%.
  • Crypto-related equities slumped this week as investors reduced risk, with declines reported in Coinbase, eToro, Robinhood, Bullish and Galaxy Digital.
  • Analysts described the drop as a short-term correction supported by institutional participation and ETF flows, while eyeing technical support near $111,800 and guidance from Powell at Jackson Hole.