Cryptocurrencies, including Bitcoin and Ethereum, saw minimal activity early Friday as investors anxiously await Jerome Powell’s speech at the Jackson Hole gathering. Market analysts predict a hawkish stance from Powell, who will address the Federal Reserve’s decisions on interest rates, potentially impacting both crypto markets and broader financial sectors. A 74.4% chance of a 25 basis point rate cut in September is currently predicted based on CME Group’s FedWatch tool, while Bitcoin has dipped 0.78% to $112,868 and Ethereum dropped 0.42% to $4,284. While some experts anticipate market stability with a less hawkish tone, a more hawkish stance could exacerbate volatility in both the crypto world and global economic spheres.