Bitcoin (BTC) tops $61,000 ahead of Jackson Hole as Ether (ETH) ETFs extend record outflow

“Risk markets could be more disappointed as Powell would like to do everything possible to give himself some operating room against the four cumulative price cuts by the end of the year,” said Augustine Fan, chief information officer at SOFA, to CoinDesk in an interview. “That said, Jackson Hole has generally been a ‘risk positive’ stock even in the past, so expect traders to be better buyers on the downside.”