Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Investors eye Jackson Hole meet, potential Russia-Ukraine talks

Markets are bracing for the Federal Reserve’s annual symposium in Jackson Hole, where Chair Jerome Powell will speak on Friday. 

A decisively hawkish tone from Jackson Hole, or guidance that challenges bets on a September rate cut, could further pressure risk assets such as Bitcoin. 

Traders have softened expectations for a larger cut in September, with futures now pricing in a 25-basis-point reduction.

Geopolitics added another headwind. U.S. President Donald Trump hosted Ukrainian President Volodymyr Zelenskiy and European leaders on Monday to discuss future peace efforts.

He said he was arranging direct talks with both Moscow and Kyiv and hinted at a possible trilateral summit.

While any credible pathway to negotiations is broadly supportive of global risk sentiment over the long term, the near-term uncertainty weighed on cryptocurrencies.$BTC

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