Crypto Markets Dip: Powell Speech Expected to Trigger Volatility

Cryptocurrency markets saw weak performance on August 22, 2025, with Bitcoin (BTC) trading around $112,000 after briefly dipping below $113K. Ethereum (ETH) remained largely unchanged, showcasing resilience amidst broader market declines. XRP and Dogecoin (DOGE) extended losses, reflecting caution amongst investors. Market sentiment remains subdued as investors await key macroeconomic events and central bank policy signals. The upcoming Jackson Hole Economic Symposium is particularly noteworthy as Fed Chair Jerome Powell’s speech will likely spark volatility across the crypto space.