Bitcoin, 'Tension' at $113,000 Ahead of Jackson Hole [Crypto Briefing]

[Financial News] Bitcoin is showing signs of tension as it falls to $113,000 ahead of the Jackson Hole meeting, an economic policy symposium in the United States, on the 20th.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $113,000, down 2.87% compared to the previous day (24-hour basis) as of 10 a.m. on this day. Bitcoin was also traded at $112,000 at one point.
Bitcoin is trading at 159 million won in the won market. According to the global virtual asset market comparison platform Cryprice, the Korean premium is 0.50%.
The Jackson Hole meeting is scheduled to be held in Wyoming, USA, from the 21st to the 23rd (local time). On the 22nd (local time), Jerome Powell, Chair of the U.S. Federal Reserve, is scheduled to give a speech, and investors are watching to see if there will be any signals about a rate cut in September.
At the same time, Ethereum is trading at $4,108, down 5.44% compared to the previous day. XRP (Ripple) is trading at $2.88, down 6.10% compared to the previous day.

yimsh0214@fnnews.com Sanghyuk Yim, Reporter