BTC Price Forecast
Bitcoin stays below $112k ahead of Powell speech. BTC is down 3% in the last 24 hours, trading around $111,200 per coin.
- Down 3% in the last 24 hours
- Trading below $112k
- Bearish performance amid US-China trade conflict
- Spot Bitcoin ETFs recorded an outflow of over $320 million
Fed chair Jerome Powell is set to speak, which could spark fresh volatility across risk assets, such as Bitcoin. Investors will be looking for hints on the possibility of an interest rate cut.
Traders expecting further volatility in the market.
Author summary: Bitcoin price drops below $112k.