Traders were selling ahead of the possibility that Fed Chair Jerome Powell's highly anticipated speech Friday could disappoint investor hopes for a signal that interest rate cuts are coming.

T Vol. 24h: $51.16 B and the broader crypto market remain jittery amid Friday’s options expiry, ahead of Jerome Powell’s Jackson Hole speech. A total of $3.82 billion in Bitcoin options expired today,

The cryptocurrency market surged on Friday after U.S. Federal Reserve chair Jerome Powell delivered his much-anticipated remarks at the central bank’s annual symposium in Jackson Hole, Wyoming. Bitcoin rallied above $115,000, while Ethereum climbed more than 8% to trade above $4,600, sparking widespread optimism across digital assets.