SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut.

Historically, Powell’s remarks at Jackson Hole have triggered sharp market moves: hawkish tones have lifted the dollar and weighed on equities, while dovish guidance has sparked rallies in stocks and crypto.

Eric Trump, the Securities and Exchange Commission’s new, crypto-friendly chair Paul Atkins and two Fed governors on Donald Trump’s shortlist to replace Powell are all set to attend the Wyoming Blockchain Symposium at the Four Seasons hotel in Jackson Hole.

Bitcoin, Ethereum, XRP are showing cautious movements as crypto investors watch the Federal Reserve’s Jackson Hole signals closely. Bitcoin dipped to a two-week low near $112,425, reflecting hesitancy ahead of possible policy shifts.

Liquidity constraints pose a significant challenge for BTC bulls looking to engineer a steep uptrend well into the year-end.

Companies that stockpile cryptocurrencies as treasury assets emerged as central players in the digital asset market earlier this summer. Investors poured into these names during bitcoin’s slump, betting on long-term returns.

There's a note of caution seeping into crypto markets, with bitcoin (BTC) sliding under $115,000 and ether (ETH) falling to $4,220 ahead of Fed Chairman Jerome Powell's speech at the Jackson Hole Symposium later this week.

Crypto markets dropped further as investors grow cautious ahead of Federal Reserve Chair Jerome Powell's Friday Jackson Hole speech. Bitcoin fell below $114,000, now down 9% below its Thursday record high, with a number of altcoins seeing even steeper declines.