While awaiting Fed Chairman Jerome Powell's Jackson Hole speech, it was a surprise for Bitcoin, which faced selling pressure.

While awaiting Fed Chairman Jerome Powell's Jackson Hole speech, it was a surprise for Bitcoin, which faced selling pressure. Powell made the much-anticipated speech in the past hours, announcing that he expects the central bank to continue raising the policy rate. Powell, who said that the Fed "all tools to fight inflation, which is still at the highest level in the last 40 years, to the end, added that this will reflect as some difficulties in the economy.