Digital asset prices have dropped this week. Jerome Powell's speech at Jackson Hole will help decide where they go next.

Bitcoin—alongside other major cryptocurrencies ethereum and XRP—have fallen sharply, raising fears of a crypto market

Bitcoin is setting up for a correction, and sentiment is turning against recent bullish drivers. Click here to read an analysis of BTC-USD now.

Bitcoin price extended the decline on Tuesday, closing below an ascending trendline drawn by connecting multiple lows since early April. BTC also closed below the 50-day Exponential Moving Average (EMA) at $114,910. At the time of writing on Wednesday, it recovers slightly at around $113,500.

Bitcoin’s bearish reversal comes as U.S. Treasury secretary Scott Bessent revealed the U.S. holds far fewer bitcoin than previously

Crypto markets saw a significant correction as monetary policy fear spikes started clouding investor sentiment ahead of a US Federal Reserve gathering on Friday.

Bitcoin surged on Monday to trade near record highs as investor enthusiasm and momentum around crypto grew amid Trump's recent Fed nomination and executive order allowing crypto investment in 401(k) retirement plans.

Bitcoin (COIN:BTCUSD) dropped to a two-week low on Wednesday as traders pared back positions ahead of the Federal Reserve’s Jackson Hole symposium and weighed potential developments in Russia-Ukraine talks.

Analysts say Bitcoin’s price action is looking increasingly orchestrated, as BTC taps its lowest levels since Aug. 3 amid ongoing US selling. Bitcoin heads back below $113,000 at the Wall Street open as bulls fail to clinch support.