Jerome Powell's upcoming speech at Jackson Hole is drawing attention as Bitcoin stabilizes around $113,000, having struggled to surpass $115,000 amid mixed market sentiments. The broader crypto market showed a slight pullback, reflected in the CoinDesk 20 Index dropping to 3,996. Fund flows indicate cautious sentiment as Bitcoin funds recently witnessed significant withdrawals, while Ether and XRP also faced decreases in value. Polling options suggest potential volatility, with a projected ±2% price movement around Powell's announcement. Traders are watching closely: a dovish tone on rate cuts may lift risk assets, whereas continued caution could deepen the current market pullback. Notably, speculation persists about institutional investments potentially driving Bitcoin to $200,000 in the future. For now, however, the market appears tethered to Powell's guidance, emphasizing the impact of macroeconomic decisions on digital assets.

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