As the Jackson Hole Symposium approaches, investor expectations in the crypto market are rising. Jerome Powell's speech coincides with Donald Trump's meeting with President Zelensky, which could affect market sentiment.
Introduction
Investors are closely watching the upcoming speech by Jerome Powell at the Jackson Hole Symposium and Donald Trump's meeting with Ukrainian President Vladimir Zelensky. These events promise potential shifts in sentiment in the cryptocurrency market.
Powell's Speech and Political Context
Powell's speeches often influence risk assets, including cryptocurrencies. The Trump's meeting adds a geopolitical dimension, complicating the interpretation of macroeconomic risks. As a result, global sell-offs in crypto assets are occurring.
Market Reaction to News
As expectations build around Powell's speech and Trump's meeting, $487 million in crypto liquidations have occurred. CME Group data indicates an 82% probability of a rate cut in September. Negative funding rates and risk reversals point toward a cautious market stance.
Events such as Jerome Powell's speech and Trump's meeting with Zelensky continue to significantly impact the crypto market. Investors remain attentive to shifts in monetary policy and geopolitical situations.
