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

“Risk markets might be more disappointed as Powell might want to do their best to give themselves some wiggle room against the four cumulative cuts priced into the year-end,” Augustine Fan, head of insights at SOFA, told CoinDesk in an interview. “That said, Jackson Hole has generally been a ‘risk-positive’ stock even in the past, so expect traders to be better buyers on dips.”