Crypto Market Awaits Powell’s Remarks: Potential Hawkish Impact

Bitcoin, Ethereum, and the broader cryptocurrency market remain in a quiet state as investors await Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole today. The expectations for this address weigh heavily on market sentiment, with many anticipating a hawkish tone from Powell that could significantly impact market direction. 74% of CME Group’s FedWatch tool suggests a potential 25 basis point rate cut in September. Bitcoin has declined by 0.78% over the past 24 hours to reach $112,868, while Ethereum has decreased by 0.42% to trade at $4,284, according to CryptoAppsy. 🎤” 🎤,