#PowellWatch – Crypto Markets on Edge
Market Overview
#PowellWatch PowellWatch: Crypto bracing for Jackson Hole speech—what could move the market?
The crypto world is holding its breath—$BTC Bitcoin is hovering just below $113,000, with volatility at a two-year low (~36%) as markets await Fed Chair Jerome Powell’s speech at Jackson Hole. The consensus? A 25 bps rate cut in September is now 85% probable.
Why it matters: Powell’s tone now looks set to dictate the next major crypto move. A dovish tilt could ignite bullish momentum, while caution or hawkish overtones could trigger sharper corrections.
Low volatility → fragile calm
Eyes on Powell for next market cue
Rate cut expected, but confirmation needed
