Bitcoin and Ethereum began to rally after Federal Reserve Chair Jerome Powell delivered a much-awaited speech at Jackson Hole, Wyoming, on Aug. 22. During the speech, Powell hinted at a possible cut in interest rates in September but didn't deliver any definitive promise.

Crypto investors are holding their breaths before Jerome Powell, chair of the Federal Reserve, speaks Friday in Jackson Hole, Wyoming. Bitcoin has dipped about 1% over the past 24 hours and almost 5% over the past week to around $112,

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.