Digital Assets Fall as Traders Brace for Powell’s Jackson Hole Speech

Traders are exhibiting caution regarding digital assets as they anticipate Fed Chair Jerome Powell’s address at the Jackson Hole symposium this Friday. U.S. spot Bitcoin and Ethereum ETFs have seen a series of withdrawals, totaling $1.9 billion in net outflows over the past four trading days, according to BlockBeats. This suggests a downturn in the digital asset market as traders react to potential implications stemming from Powell’s speech.