Bitcoin slid toward the $112,000 level as investors braced for Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, with markets seeking clues on the timing of interest rate cuts.

The drop highlights short-term volatility and nervous sentiment, with traders watching key technical support levels that could determine whether the decline continues or a rebound occurs.

Federal Reserve policy signals and regulatory developments remain primary drivers of price action, causing many investors to adopt a cautious, wait-and-see approach.

Despite near-term uncertainty, some market participants remain focused on Bitcoin’s long-term potential while emphasizing diversification and risk management.