Bitcoin has fallen below $113,000 as investors prepare for Jerome Powell's upcoming speech at the Jackson Hole gathering, which may influence the U.S. Federal Reserve's interest rate policies. Markets are experiencing heightened anxiety, reflected by a recent price dip that hit a two-week low. Analysts suggest that if Bitcoin can maintain support at around $112,000 until the speech, it could set the stage for a potential recovery and further bullish momentum. Investor concern has intensified after the U.S. Consumer Price Index indicated a year-over-year increase of 2.7%, sustaining above the Fed's target of 2%. Consequently, expectations for an interest rate cut have dropped significantly, with predictions of a first cut potentially serving as a catalyst for market movements. Some experts believe forthcoming rate cuts could drive money supply growth and support Bitcoin's rally through year-end, despite a slight shift in market sentiment with corporations continuing to accumulate Bitcoin, bringing public holdings to over 297 entities.

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