Ahead of Federal Reserve Chair Jerome Powell's pivotal Jackson Hole address on Friday, cryptocurrency bettors are pricing in more than an 80% chance that the central bank cuts interest rates this year.

Arthur Hayes discusses his Ethereum price prediction, suggesting a retest of $4,000 if Powell delivers hawkish remarks at Jackson Hole.

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.

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

Fed Chair Powell's Jackson Hole speech, major retail earnings reports, and a Trump-Zelensky meeting will drive market movements in crypto and stocks this week.

Cryptos have dropped back after wholesale price data damped optimism for lower rates and Treasury Secretary Scott Bessent said the U.S. doesn’t plan to acquire more crypto assets for its Bitcoin reserve.

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