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.

The anticipated 2% price swing around Powell’s speech suggests slightly higher volatility than the average daily volatility of 1.52%, which is derived from the 30-day realized volatility of 29%.

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.

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.

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