The crypto market is holding its breath as investors await Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium.
Bitcoin ($BTC ) is trading near $112,800, showing slight weakness after touching highs around $114,700.
Ethereum ($ETH ) hovers at $4,250, down modestly but still reflecting some resilience.
$XRP remains stable around $2.90, fluctuating narrowly between $2.88 and $2.98.
The calm comes as markets anticipate Powell’s remarks on interest rates. Futures pricing shows an 85% chance of a rate cut in September, but uncertainty lingers. A dovish tone could ignite bullish momentum across crypto, while caution may extend the current consolidation.
For now, Bitcoin leads with muted action, while Ethereum and XRP show relative strength as traders hedge bets ahead of the Fed’s guidance.
