Bitcoin, Ethereum On The Edge Ahead Of Jerome Powell’s Jackson Hole Speech: Here’s What To Expect
Global markets are fixated on Federal Reserve chair Jerome Powell‘s address at Jackson Hole today, a speech expected to influence both the near-term policy outlook and investor sentiment.
What Happened: The Fed has held borrowing costs steady for five consecutive meetings despite pressure from President Donald Trump to cut rates more aggressively, and probabilities for a September move have shifted lower in recent days.
Figures from the CME FedWatch tool show the likelihood of a September cut falling from more than 85% last week to around 73%, reflecting unease after July’s meeting minutes revealed concerns over stalled disinflation and ongoing tariff pressures.
This will be Powell’s final Jackson Hole keynote before his term as chair ends in May 2026, adding further weight to his remarks.
Crypto markets have mirrored the caution seen in equities, with Bitcoin (CRYPTO: BTC) dipping to just under $113,000 and Ethereum (CRYPTO: ETH) holding around $4,280.
ETF flows, which had surged earlier in the summer, turned negative in recent sessions, suggesting investors are locking in profits and hedging ahead of Powell’s comments.
The total crypto market cap now sits near $3.83 trillion.
Also Read: Bitget Expands Access To AI Agent-Assisted Trading With Public Launch Of GetAgent
What Experts …
About The Author
