According to recent reports, the global cryptocurrency market has seen a significant pullback, declining approximately 1.1% from its high to $3.91 trillion. Although market trading volume remains relatively stable at $161 billion, Bitcoin and Ethereum have dropped to around $113,730 and $4,202, respectively, with most mainstream tokens also in the red. Only SOL and TRX managed to maintain slight gains. Market analysts pointed out: 'This short-term adjustment is still ongoing, and a clear bottom has yet to be identified.' Investors are focusing on Federal Reserve Chairman Powell's speech at Jackson Hole and the minutes from the FOMC meeting, which could become a watershed for the next phase of market trends.

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