Crypto Market Dips Ahead of Powell’s Jackson Hole Speech

The cryptocurrency market experienced a downturn on August 22, with experts attributing the decline to anticipation surrounding Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Symposium. This event is expected to provide insights into future interest rate policy. Notably, Bitcoin (BTC) and Ethereum (ETH) ETFs saw substantial outflows this week, further contributing to market volatility.