**Bitcoin Struggles as Market Awaits Fed's Next Move**

Bitcoin (BTC) has been sluggish this week, with predictions pointing towards a potential downturn. After a lackluster weekend, BTC/USD has failed to inspire traders, hovering around $58,650. The crypto market remains stagnant, even as stocks recover from early August's flash crash.

All eyes are on the U.S. Federal Reserve's Jackson Hole symposium this week. Fed Chair Jerome Powell's speech could provide clues on future interest rate cuts, potentially stirring market volatility.

Meanwhile, Bitcoin miners have halted their sales, stabilizing reserves. However, Bitcoin's market dominance is faltering, possibly paving the way for an altcoin surge. Traders remain cautious, with BTC sentiment leaning bearish as it trades below key trend lines.