Crypto investors are bracing themselves for Jerome Powell’s comments at the Jackson Hole conference in Wyoming. The past 24 hours have seen Bitcoin dip about 1%, while Ethereum is down 2%. The broader market decline mirrors a 1% drop in total cryptocurrency market capitalization to $3.9 trillion.
Analysts, including James Butterfill of CoinShares, are uncertain whether Powell will signal a pivot in interest rates. This has led to a week-long pullback in the digital assets market, with traders trying to predict the Fed’s move.
The Federal Reserve Bank of Kansas City hosts its conference in Jackson Hole annually, and Powell usually speaks at the event. Investors closely watch his remarks for clues on whether the Fed will cut interest rates in September. This could prompt money to flow into riskier assets like crypto.
Last week, markets surged after the Bureau of Labor Statistics reported moderate inflation growth. However, a recent increase in producer prices has led to a dip in crypto markets. Despite this, some market observers remain optimistic, citing pro-crypto policy and increased adoption of stablecoins.
Source: https://fortune.com/crypto/2025/08/21/bitcoin-ethereum-fed-jerome-powell-jackson-hole-wyoming