BTC to Lose $21,000 Despite Breaking Out of Miners' Surrender? 5 things to know about Bitcoin this week

Miners are a beacon of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole.< /p> Market news
Bitcoin (BTC) starts a new week after hitting a new multi-week low amid a return of very jittery sentiment.

After dropping below $21,000 over the weekend, the biggest cryptocurrency is consolidating around 10% less than a week ago, and the fear in the crypto markets is clearly visible.

While some are calling for new lows and others are warning of a tough few months ahead, bulls have plenty to deal with in both the long and short timeframes

The US Federal Reserve's annual Jackson Hole Symposium is due to take place this week, while September should already be something of a showdown when it comes to inflation and related macro price triggers.
That could mean further volatility in risk assets during and before, which weary investors are unlikely to appreciate after last week's escapades on BTC/USD.

Related: 3 Reasons Bitcoin Low Price Isn't Reached

At the same time, miners are giving strong signals that the worst is over, with the hash rate beginning to rebound after a rare “capitulation” phase.

With this in mind, Cointelegraph takes a closer look at five evolving market topics relevant to Bitcoin traders in the coming days and beyond.
All eyes on Jackson Hole
The US Federal Reserve is again in the driver's seat this week on potential macro price triggers for risky assets.

Expenses of

Crypto Aug 22, 2022 0 77 Add to Reading List

BTC to Lose $21,000 Despite Breaking Out of Miners' Surrender? 5 things to know about Bitcoin this week

Miners are a beacon of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole.< /p> BTC to lose $21K despite miners' capitulation exit? 5 things to know in Bitcoin this week Market news

Bitcoin (BTC) starts a new week after hitting a new multi-week low amid a return of very jittery sentiment.

After dropping below $21,000 over the weekend, the biggest cryptocurrency is consolidating around 10% less than a week ago, and the fear in the crypto markets is clearly visible.

While some are calling for new lows and others are warning of a tough few months ahead, bulls have plenty to deal with in both the long and short timeframes

The US Federal Reserve's annual Jackson Hole Symposium is due to take place this week, while September should already be something of a showdown when it comes to inflation and related macro price triggers.

That could mean further volatility in risk assets during and before, which weary investors are unlikely to appreciate after last week's escapades on BTC/USD.

Related: 3 Reasons Bitcoin Low Price Isn't Reached

At the same time, miners are giving strong signals that the worst is over, with the hash rate beginning to rebound after a rare “capitulation” phase.

With this in mind, Cointelegraph takes a closer look at five evolving market topics relevant to Bitcoin traders in the coming days and beyond.

All eyes on Jackson Hole

The US Federal Reserve is again in the driver's seat this week on potential macro price triggers for risky assets.

Expenses of