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.

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.

This article provides forecasts for some popular tokens like Aerodrome Finance (AERO), Skale Network (SKL), and OKB (OKB).

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

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.

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.