Jerome Powell prepares for his final speech at the Jackson Hole Conference, and global traders are waiting for signals regarding rate cuts, inflation, and the future policy direction of the Fed – factors that could significantly impact the cryptocurrency market.

This speech takes place in a context full of tension: inflation remains persistent, job data is weakening, and political pressure is increasing. The message from the Fed Chair not only affects traditional markets but could also shake risk assets like Bitcoin and Ethereum.

Analysts predict Powell will hint at the possibility of rate cuts in September, but his tone will be the deciding factor. If he signals a 'dovish' stance, investors may feel more at ease, leading to a strong rally in the stock and cryptocurrency markets. Conversely, if Powell maintains a cautious stance or continues to take a hard line on inflation, volatility could return quickly.

Aside from short-term factors, Powell is also expected to protect the independence of the Fed amid escalating political attacks. Any mention of changing the long-term policy framework will shape his legacy after leaving office.

For the crypto trading community, this is a time to 'wait for signals.' If Powell paves the way for easing conditions, Bitcoin and other digital assets may benefit from a resurgence in risk-taking sentiment. Conversely, if instability prevails, the current period of low volatility could give way to strong reversals.