Fed & Trump speaking tonight — What’s next for crypto?

1. Fed Chairman Jerome Powell at Jackson Hole

Powell is giving his final speech at Jackson Hole, taking place at 10 a.m. ET (tonight), streamed live on the Fed Kansas City YouTube channel crypto.newsThe Economic Times.

Before this speech, the market has increased skepticism about the possibility of the Fed cutting interest rates in the September meeting, as the probability has decreased from 92% to around 70-73% ReutersBarron'sInvestopedia.

Analysts suggest that if Powell shows signs leaning towards easing policy, it would be a positive signal for crypto; conversely, a “hawkish” or unclear stance could dampen market sentiment AxiosAP NewsBarron'sInvestopediaCoinpedia Fintech News.

2. President Donald Trump — “Ally” of crypto?

Trump once signed an executive order establishing the “Strategic Bitcoin Reserve” and “Digital Asset Stockpile” for the U.S. government, considering BTC as a reserve asset like gold The White HouseWikipedia.

Earlier, he also announced a reserve consisting of 5 crypto assets (XRP, SOL, ADA, then BTC and ETH), creating a notable price surge in the market Al JazeeraWikipedia.

Moreover, Trump's strong support for blockchain has led to a wave of pro-crypto tax and legal reforms, leading many experts to predict that if Trump continues to emphasize this momentum, crypto could surge significantly, with some predictions suggesting BTC could reach $200,000 by the end of the year Business InsiderBarron'sPolitico.