Bitcoin & Ethereum Pull Back Before the Fed’s Jackson Hole Shout‑out
On Thursday, the two biggest digital coins dipped a bit, and the risk‑averse mood could keep going down as we head into the Fed’s Jackson Hole Symposium. Last Wednesday, Bitcoin & Ethereum ETFs saw an outflow haul of $315.9 million and $240.2 million, respectively. That’s the fourth consecutive day of money washing out of the crypto scene—buyers are getting a little nervous, and traders are on the lookout for what Fed Chairman Jerome Powell will say.
What’s the backstory?
- Outflows keep stacking up. Investors are pulling out, and the tally is climbing day after day.
- Jackson Hole on the horizon. Anything Powell says could shape interest‑rate expectations—and that can trickle all the way into the crypto pool.
- Risk‑take vibes are low. The market’s feeling a bit cautious, like a kid wading in a pond at dusk.
Still Some Sunshine on the Horizon
Even with the bleeding, there’s a hopeful possibility that big‑ticket digital‑asset treasury firms might start pulling the strings to stabilize the ride.
- Ming Shing Group’s bold move. The Hong Kong‑based conglomerate flipped from construction to crypto, snagging USD 483 million worth of Bitcoin—4,250 BTC in total.
- Corporate adoption could take off. If other firms in the region follow suit, Bitcoin’s camp might get a morale bump as more companies look beyond the usual tech ventures.
Fed’s New Playbook for Crypto
The Federal Reserve is switching gears from a cautious watchdog to a practical partner, weaving digital assets into the mainstream banking fabric. Coupled with the GENIUS Act and the SEC’s Project Crypto, the regulatory climate is turning friendlier.
- Institutional confidence went up. Better rules make big players feel more secure in the crypto universe.
- Risk‑take could loosen. As the Fed relaxes oversight, you could see a more adventurous market mood.
Why You Should Keep an Eye on This
All eyes are on Powell’s speech: a smart takeaway or a market splash could decide whether crypto hovers at the current level or rolls off into a new dip. Don’t miss it!
