Bitcoin has fallen again, dropping below 114,000 U.S. dollars (around 97,660 euros). In the afternoon, the oldest and best-known digital currency sank to 113,588 dollars. In early trading, Bitcoin had cost 116,765 dollars.

“Just a few days before the highly anticipated central bankers’ meeting in Jackson Hole, investors in the cryptocurrency market have continued to run for cover,” said analyst Timo Emden of Emden Research. At the upcoming meeting on September 17, experts mainly expect a key interest rate cut of 0.25 percentage points.

Some observers also do not rule out a 0.50-point reduction. “The prevailing concern is that Jerome Powell could take the wind out of interest rate cut expectations with a restrictive tone,” Emden said, explaining Bitcoin’s setbacks.

Last Thursday, it had risen above the $124,000 mark for the first time, climbing to $124,517. Since then, it has given way. “In view of the ambitious price levels, reaching for the cash lever obviously remains tempting,” Emden wrote. “The series of profit-taking does not appear to have ended yet.”