The crypto market is under pressure ahead of two key events: the FOMC July minutes (Aug. 20) and Fed Chair Powell’s Jackson Hole speech (Aug. 22).
Investors are watching for clues on a possible September rate cut, especially after dissent within the Fed for the first time since 1993 and rising market expectations.
However, hotter July PPI data and global uncertainties are adding caution. $BTC has dropped to $115.5K, with broader risk assets also tumbling as volatility looms.
