As of August 18, 2025, the crypto markets are exhibiting caution with Bitcoin falling below $115,000 and Ether (ETH) dipping to $4,220. This pullback occurs ahead of Fed Chairman Jerome Powell's impending speech at the Jackson Hole Symposium later this week, with the CoinDesk 20 Index dropping over 4.5%. Bitcoin's price drop signifies a retreat from its recent high of $124,000, pushing it below the 50-day simple moving average. Ether faces potential massive liquidations at $4,170, as significant profit-taking continues in DeFi markets. Despite this selling pressure, on-chain data shows an increase in trading volumes for Ether ETFs and Bitcoin ETFs, suggesting growing infrastructure in the crypto space. Overall, altcoins are experiencing a speculative surge relative to Bitcoin, indicating a cautious market sentiment leading up to key macroeconomic events. Furthermore, upcoming macroeconomic data releases and speeches from financial officials could influence market dynamics in the coming weeks.

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