Catenaa, Saturday, August 23, 2025- Bitcoin and ether fell Tuesday as traders took profits and repositioned ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole speech, with analysts expecting market consolidation until policy clarity emerges.
Bitcoin dropped 2.78% to $113,234, hitting a low of $112,709 earlier in the day. Ether fell 5.44% to $4,108.
Kronos Research CIO Vincent Liu attributed the declines to profit-taking and leveraged liquidations following Bitcoin’s all-time highs earlier this month.
Liu highlighted $4,200 as a key liquidity pivot for ether, with potential support near $3,900 if the level breaks.
Investors are closely monitoring spot ETF flows, which have slowed after record-breaking July inflows.
Ether ETFs that saw strong early August gains are now recording outflows, reflecting cautious positioning ahead of upcoming macroeconomic announcements.
Market attention is focused on Wednesday’s release of July Federal Open Market Committee minutes and Powell’s speech at the Jackson Hole Economic Symposium scheduled Friday.
Peter Chung, head of research at Presto Research, said expectations of a September rate cut are influencing trading.
A speech signaling a more hawkish stance could trigger sharp corrections, while a dovish tone may prompt renewed rallies.
