{"id":42994,"date":"2025-08-19T16:17:00","date_gmt":"2025-08-19T16:17:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42994"},"modified":"2025-08-19T16:17:00","modified_gmt":"2025-08-19T16:17:00","slug":"bitcoin-drops-below-114k-ether-loses-4-2k-as-jackson-hole-speech-might-bring-hawkish-surprise","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42994","title":{"rendered":"Bitcoin Drops Below $114K, Ether Loses $4.2K as Jackson Hole Speech Might Bring Hawkish Surprise"},"content":{"rendered":"
\n

Cryptocurrencies continued their slide on Tuesday with bitcoin (BTC) sinking below $114,000 as investors are turning cautious that Federal Reserve Chair Powell’s Friday Jackson Hold speech may come with a hawkish surprise.<\/p>\n

BTC dropped to $113,700 during the early hours of the U.S. session, its weakest price in almost two weeks and pulling back 9% from its Thursday record high above $124,000.<\/p>\n

Ether (ETH) slid 3.5% over the past 24 hours below $4,200. Major altcoins weren’t spared either: Chainlink (LINK), Avalanche (AVAX), Toncoin (TON), Ethena (ENA) and Aptos (APT) declined 4%-6% in a day.<\/p>\n

The crypto pullback occurred alongside with traditional markets turning risk-off, with Nasdaq and S&P 500 indexes down 0.9% and 0.4%, respectively, in the morning.<\/p>\n

A check of crypto treasury companies shows that bubble continuing to deflate, with BTC accumulator KindlyMD (NAKA) lower by another 14% on Tuesday. ETH-focused names Bitmine Immersion (BNMR) and Sharplink Gaming (SBET) are down 10% and 8%, respectively.<\/p>\n

Since soaring as high as $124 in late May in wake of its transition to an ether treasury strategy company, SBET \u2014 to pick one \u2014 has now crumbled by about 85% to its current $18.60.<\/p>\n

JPOW coming to JHOLE<\/h5>\n

Investors, who previously saw a September interest rate cut by the Federal Reserve as a given, are now weighing the odds that Fed Chair Jerome Powell might argue for holding rates steady during his Friday keynote address at the Kansas City Fed’s Economic Symposium.<\/p>\n

Despite recent signs of a weakening job market<\/a> and slowing economy, last week’s far hotter-than-expected PPI report reignited concerns of inflation reaccelerating.<\/p>\n

Economists at Bank of America said in a report<\/a> that they see the Fed holding rates in September.<\/p>\n

“With inflation essentially stuck over the past year, the tariff pass-through that we still expect, and the labor supply story keeping the unemployment rate historically low, we still think there is a strong case for the Fed to remain on hold,” the analysts said.<\/p>\n

Market participants put a 85% likelihood of 25 basis point cut next month, down from as high as 98% at one point last week, according to the CME FedWatch Tool<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrencies continued their slide on Tuesday with bitcoin (BTC) sinking below $114,000 as investors are turning cautious that Federal Reserve Chair Powell’s Friday Jackson Hold speech may come with a hawkish surprise. BTC dropped to $113,700 during the early hours of the U.S. session, its weakest price in almost two weeks and pulling back 9% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42994","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42994"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42994\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}