The crypto market is treading cautiously today as global investors await Fed Chair Jerome Powell’s remarks at the Jackson Hole symposium.
🔹 Overall market cap has slipped slightly, now between $3.8T–3.9T.
📉 Risk-off sentiment is dominating ahead of Powell’s speech, with most altcoins—including XRP, Solana, and Dogecoin—down 2–3%. Ethereum, however, is bucking the trend with modest gains, boosted by institutional interest.
💡 Key takeaway: Volatility is likely around the Fed’s policy tone. Markets are watching whether Powell signals a prolonged tightening cycle or room for easing.
👉 For traders and investors, today is a reminder: macro policy moves can shift crypto markets as much as internal developments. Stay nimble, watch support levels, and manage risk.