#XRP
Bitcoin Drops to US$ 115 million Amid Pre-Jackson Hole Caution
The price of Bitcoin fell to around **US$ 115 million** on Monday (18), reflecting **investor caution** ahead of the Jackson Hole symposium, a key Fed event starting Thursday. Markets are eagerly awaiting Fed Chairman Jerome Powell's speech for signs about the future pace of interest rate cuts in the US, which impact risk assets like cryptocurrencies. Trading volume remained below average, indicating **market hesitation**. Meanwhile, altcoins followed BTC's downward trend, with Ethereum showing similar losses. Overall sentiment remains **vigilant** in the face of global monetary uncertainty.
1. **BTC Drop:** To ~US$ 115.000.
2. **Main Cause:** Pre-macro event caution (Jackson Hole/Fed).
3. **Market Focus:** Powell's speech on future interest rates.
4. **Volume:** Below average (hesitation).
5. **Altcoins:** Followed the downward trend.
6. **Sentiment:** Vigilant and cautious.
