Cryptocurrencies
Bitcoin Stuck in Narrow Range as Traders Brace for Jackson Hole
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The usually volatile Bitcoin has gotten stuck trading within a narrow range ahead of the Federal Reserve’s annual Jackson Hole gathering later this week.
The world’s largest digital coin by market value rose as much as 2.6% Tuesday to hover around $21,600, though it’s largely been meandering below the $22,000 level since it started to sell off in mid-August. Other cryptocurrencies, including Ether, also rose, with an index of the 100 largest tokens adding roughly 2.3%.