Bitcoin dips ahead of Powell remarks

Bitcoin falls as investors await Powell remarks at Jackson Hole amid a broad crypto market pullback.

Bitcoin dips ahead of Fed Chair remarks at Jackson Hole

Bitcoin is around $112,000, down about 5% for the week, and Ethereum is near $4,240, down about 2%, according to Binance data. Traders brace for Powell remarks at Jackson Hole.

The broader crypto market has fallen about 1% on the day to roughly $3.9 trillion in total value. The S&P 500 is down about 0.3% at the open.

Powell remarks have become a barometer for risk assets. A hawkish tone could create room for later rate cuts and push crypto higher, while a cautious stance may trigger a risk-off move. The market is balancing policy signals with macro data and overall risk appetite.
Beyond policy, crypto adoption trends shape the longer term. Stablecoins and a policy tilt that allows private assets in retirement accounts could support demand, even as near term volatility remains. The headlines will keep guiding prices more than on chain metrics in the near term.

Highlights

The next moves will hinge on policy signals and how investors gauge risk appetite.