$ADA Macro Fears Cast Shadow Over Risk Assets

Sentiment: Bearish

Crypto markets softened on August 18 as traders braced for Powell’s address at the Jackson Hole symposium—a forum historically linked to pivotal shifts in monetary policy.

The backdrop? Hotter-than-expected July PPI data (up 0.9% vs. 0.2% forecast) reignited concerns about prolonged high interest rates. As a result, speculative assets like cryptocurrencies saw outflows.

ADA briefly plunged 6.2% intraday—mirroring Ethereum’s 5.4% drop—highlighting how tightly altcoins are still tied to macroeconomic sentiment.