Miners are a glimmer of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole.
Bitcoin (BTC) starts a new week fresh from a new multi-week low amid a return of highly nervous sentiment.
After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible.
As some call for new lows and others warns of a difficult few months ahead, there is plenty for bulls to contend with on both long and short timeframes
The United States Federal Reserve’s annual Jackson Hole symposium is due this week, while September is already due to form something of a showdown when it comes to inflation and associated macro price triggers.
That could mean fresh volatility across risk assets both during and prior, something weary investors will no doubt not welcome after last week’s escapades on BTC/USD.
At the same time, miners are giving strong signals that the worst is over, with the hash rate starting to rebound from a rare “capitulation” phase.
With that in mind, Cointelegraph takes a closer look at five market-moving topics pertinent to Bitcoin traders in the coming days and beyond.