Markets Brace for Powell’s Jackson Hole Speech as Bitcoin Nears Record High

Market anticipation of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole is creating a period of calm before the storm, with traders cautious and market volatility subdued. The speech, expected to shed light on monetary policy direction, holds significant weight for cryptocurrencies like Bitcoin, which is nearing all-time highs alongside Ethereum due to growing DeFi applications and institutional investment activity.