The cryptocurrency market experienced a downturn this week, following remarks from Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium. Powell hinted at potential future rate cuts, which initially sparked positive sentiment in Bitcoin and other cryptocurrencies but ultimately led to a decline as investors adjusted their expectations. This follows a period of gains for the asset class fueled by last week’s optimistic market outlook. [Link to BH NEWS article if applicable] The impact is being felt across the board as major players like Bitcoin are experiencing a slight dip, while altcoins saw varying degrees of decline. Notably, Ethereum briefly surpassed its all-time high over the weekend before retreating.