This Is How Bitcoin Reacted to Jackson Hole
Over the past five years, Bitcoin has often seen notable price moves around Jackson Hole. In 2022, $BTC fell by around 6% following Powell’s speech.
But what is Jackson Hole?
It is an annual economic symposium where central bank leaders gather. The Fed Chair’s speech is closely watched for signals on inflation, interest rates, and the economy, factors that can influence risk assets, including crypto.
Following Fed Chair Kevin Warsh’s first Jackson Hole speech yesterday, $BTC is down around 3.8%.
#Macro Insights#
Over the past five years, Bitcoin has often seen notable price moves around Jackson Hole. In 2022, $BTC fell by around 6% following Powell’s speech.
But what is Jackson Hole?
It is an annual economic symposium where central bank leaders gather. The Fed Chair’s speech is closely watched for signals on inflation, interest rates, and the economy, factors that can influence risk assets, including crypto.
Following Fed Chair Kevin Warsh’s first Jackson Hole speech yesterday, $BTC is down around 3.8%.
#Macro Insights#
