Analysis: Elevated volatility in crypto markets ahead of Jackson Hole speech this week

IconCryptoNewsTerminal Staff19 Aug, 2024

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Analysis: Elevated volatility in crypto markets ahead of Jackson Hole speech this week

The upcoming U.S. Federal Reserve's Jackson Hole Symposium event is expected to increase volatility in the bitcoin and broader crypto markets. Analysts at BRN advise caution due to the market's anticipation of the Fed's macro-related announcements at the symposium. Rising BTC futures open interest suggests market participants are positioning for potential gains if the meeting is positive. Elevated volatility should be anticipated in the lead-up to the event.