ChainCatcher news, according to The Block, despite the general rise in US stocks before the speech of Federal Reserve Chairman Jerome Powell at the Jackson Hole conference later this week, the price of Bitcoin has fallen slightly in the past 24 hours. In the past 24 hours, the price of Bitcoin has fallen by nearly 3%, trading at about $58,500.

BRN analyst Valentin Fournier said that the upcoming meeting in Jackson Hole may lead to increased volatility in Bitcoin prices. As the market waits for further news from the Federal Reserve at the Jackson Hole seminar and macroeconomic indicators, Bitcoin's volatility may rise in the next few days or a week.