Analysis: BTC price volatility is expected to intensify ahead of Federal Reserve Chairperson's speech at Jackson Hole conference

Despite a general rally in the US stock market ahead of Federal Reserve Chairperson Jerome Powell's speech at the Jackson Hole conference later this week, bitcoin prices have remained modestly lower over the past 24 hours. In the past 24 hours, bitcoin prices have fallen by nearly 3% and are trading around $58,500. BRN analyst Valentin Fournier said the upcoming Jackson Hole conference could lead to increased volatility in bitcoin prices, which could rise in the coming days or week as markets await further news from the Federal Reserve at the Jackson Hole symposium as well as macroeconomic indicators.