Cryptocurrency prices declined during Thursday's trading session, as markets awaited the start of the Jackson Hole Forum, which brings together central bank governors and finance ministers from around the world. The three-day event, which begins today, will continue for three days.
Bitcoin fell 0.25% to $113,766, accounting for approximately 58.7% of the total cryptocurrency market value.
Ethereum, the second-largest cryptocurrency by market capitalization, fell 0.9% to $4,296.10, and Ripple fell 2.2% to around $2.9053.
The global cryptocurrency market capitalization stands at $3.86 trillion, while the total trading volume over the past 24 hours reached $177.91 billion, according to CoinMarketCap data.
According to the FedWatch tool, expectations for a 25 basis point interest rate cut at the September meeting fell to 81.1% from 92.1% a week ago
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