Bitcoin is trading sideways around $113,000, unable to break through its tight price range as traders hold their breath before Jerome Powell’s speech at the Jackson Hole summit later today. This event is now shaping up to be a critical turning point for risk assets across the market. Investors are eagerly awaiting any clues about whether Powell will stick with his cautious stance on interest rates, or finally hint towards potential cuts. The cumulative crypto market cap remained marginally down at $3.85 trillion and saw red-colored indexes all around. Ethereum posted minimal gains within the top 10 cryptocurrencies, while XRP, Solana (SOL), and Dogecoin continued their downward trends. The fear and greed index currently sits in “Neutral” territory among investors.