Digital assets are losing ground as traders brace for Federal Reserve Chair Jerome Powell’s closely watched address at the Jackson Hole Symposium on Friday.

Markets are on edge. Bitcoin briefly knifed below $113K intraday before bouncing, as traders hedge into Fed Chair Jerome Powell’s high-stakes Jackson Hole address (Aug 21–23). With dollar strength creeping back and leveraged longs getting rinsed,

Both global equities and the cryptocurrency market have taken a sharp hit this week as investors brace for Federal Reserve Chair Jerome Powell’s remarks at the annual Jackson Hole Symposium in Wyoming.