Bitcoin Tops $61K Before Powell’s Jackson Hole Speech as Ether ETFs Face Record Outflows

“Threat markets may be extra dissatisfied as Powell would possibly wish to do their finest to provide themselves some wiggle room towards the 4 cumulative cuts priced into the year-end,” Augustine Fan, head of insights at SOFA, advised CoinDesk in an interview. “That mentioned, Jackson Gap has usually been a ‘risk-positive’ inventory even previously, so count on merchants to be higher consumers on dips.”