#Bessent on BTC Reserves Bitcoin Shows Low Volatility Ahead of Fed Week, Calm Before the Storm?
Bitcoin BTCUSD is entering the new week with a rare calm. However, macroeconomic forces that could determine the market's direction for the rest of August are also at play.
Despite the low trading volumes typical of weekends, the leading cryptocurrency is exhibiting low volatility.
Bitcoin Stable Before Fed Minutes and Jackson Hole
Bitcoin is trading at $117,600 and maintained a sideways price slump over the weekend. Data shows the volatility index has fallen to 1.02%, a level last seen in October