Bitcoin continues to consolidate before the Jackson Hole Symposium.
The head of the US Federal Reserve Jerome Powell will speak on Friday. Investors in the BTC withdraw funds from exchanges and crypto lending services.
Almost half of the Americans surveyed are dissatisfied with the profits from crypto investments.
The head of the Bank of Finland criticized cryptocurrencies.
Bitcoin rose by 1% on Wednesday, ending the day at about $21,700 amid the sideways dynamics of stock indices, but the increase was moderate. BTC has tested five-day highs around $21,900.
Investors are taking a wait-and-see attitude before an important annual event - the three-day symposium of central bankers in Jackson Hole, which starts today. Fed Chairman Jerome Powell's speech is expected on Friday.
According to Arcane Research, investors have been massively withdrawing cryptocurrencies from exchanges and crypto lending services in recent months, preferring to store them on cold wallets. This was facilitated by the growing distrust of crypto exchanges and credit platforms after the collapse of some of them this year.
According to a Pew Research Center survey, almost half of US investors who invested in cryptocurrencies reported insufficient returns on their investments.
The head of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is confident that the cryptocurrency market is not particularly different from other financial markets, and it falls under the authority of the regulator.
US Senator Ted Cruz said that BTC mining ensures the prosperity of society, which, in turn, benefits the environment. In his opinion, environmental problems are related to poverty, and not to the mining of cryptocurrencies on PoW.
Cryptocurrency prices are inflated by "misconceptions about the monetary economy" and conspiracy theories, while CBDCs are immune to volatility and can be trusted unconditionally, said the head of the Central Bank of Finland, Olli Rehn.
John McAfee's ex-girlfriend claims that the creator of the McAfee antivirus and a well-known crypto enthusiast did not die in his prison cell, but faked his death and fled to the United States.