BTC is currently trading at 116,263 USD, marking a daily decline of 1.1% and a weekly drop of 2%. In contrast, ETH is priced at 4,322 USD, decreasing by 3.8% in the last 24 hours while experiencing a weekly increase of 2.6%.
Traders predict a 34% possibility that BTC will close below 111,000 USD by the end of August. Market dynamics indicate institutional confidence, albeit with limited retail participation, reflecting a cautious sentiment leading into upcoming events.
As traders prepare for the Jackson Hole symposium, expectations are mixed. The market shows a structural support with cautious positioning ahead of important speeches that could influence future monetary policy, affecting prices in the crypto space.
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