The leading minimal marking cryptocurrency of two weeks, while the market expects Fed signals in Jackson Hole and remains attentive to geopolitical tensions between Russia and Ukraine.
He Bitcoin accumulates a new day on negative field and trades on Wednesday around US $ s113,000its lowest level in two weeks according to Binance. The pressure on the main cryptocurrency of the world intensifies pending Jackson Hole symposium and of the intervention of the president of the Federal Reserve (FED), Jerome Powell, scheduled for Friday.
A speech with a more aggressive tone or doubts the bets of a rate cut in September could hit even more risk assets, including Bitcoin.
In that context, the leading cryptocurrency yields 1.45% Au $ 113,857, while Ethereum falls 1.8% Au $ S4.230. The rest of the Altcoins lose up to 8.2%led by Cardano, Sui (-4.5%), Hedera (-3%) and Ripple (-3.7%).
Geopolitical risks in radar
The geopolitical factors are added to the monetary uncertainty. The market reacted cautiously after the summit held at the White House on Monday between Donald Trump, the president of Ukraine, Volodymyr Zelenskiy, and European leaders, which ended without specific agreements. The US president said he works to organize direct negotiations With Moscow and kyiv, and even slid the possibility of a trilateral meeting.
Analysts’ perspectives about Bitcoin
“Bitcoin remains perceived as a risk asset, very sensitive to global liquidity conditions. Historically, it shines in phases of monetary stimulus and market exuberance,” explains Felipe Barragán, Pepperstone market strategist. In your vision, A FED wink to future type cuts could rekindle the appetite for risk and give new impulse to cryptocurrencies.
Anyway, Barragán considers that the medium -term narrative remains constructivesupported by the growing institutional adoption and a more favorable regulatory framework. “The market already discounts with a probability close to 78% that Bitcoin reaches $ 125,000 towards the end of 2025,” he says.
For its part, Konstantinos Chrysikos, director of Kudotrade, warns that institutional capital is moderating its exposition in risk assets in a context of more prudent expectations on monetary policy. “Now an 83% probability of a cut of only 25 basic points in September and a total of two cuts in the remainder of the year is estimated,” he says.
“Powell’s comments in Jackson Hole will be key: a cautious tone could deepen distrust and press the markets further ”concludes.
Source: Ambito
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