Crypto traders are on edge ahead of Jerome Powell’s speech at the Federal Reserve’s annual Jackson Hole meeting, which could hint at the direction of US interest rate policy before September’s FOMC session.
Bitcoin briefly fell to $112,565 on Wednesday — its lowest since Aug. 3 — before stabilizing near $114K. Analysts link the drop below $113K to market anxiety, with Bitget’s Ryan Lee noting that if the $112K support holds, it could set the stage for the next bull run rather than a correction.
Concerns grew after fresh CPI data showed 2.7% annual inflation, above the Fed’s 2% target. Following the report, the odds of a September rate cut slid from 94% to 82%, according to CME’s FedWatch tool. Bitwise’s André Dragosch suggested that when cuts finally arrive, they could fuel liquidity growth and provide strong support for Bitcoin’s rally through year-end.
Meanwhile, corporate demand remains strong despite retail hesitation. Data from BitcoinTreasuries shows 297 entities — including 169 public companies, 57 private firms, 44 funds, and even 12 governments — now hold around 3.67 million BTC, more than 17% of total supply.
Download the FREE Bitcoin Mining eBook
Kickstart your mining journey with essential insights:
https://bitmernmining.com/landing-page-ebook-download/
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always intere
