Federal Reserve Chairman Powell is about to deliver an important speech at the Jackson Hole Economic Policy Symposium, and investors in the encryption currency market are closely watching. Powell is expected to focus on the state of the labor market and the future direction of monetary policy. Recent inflation data has exceeded expectations, raising market speculation that the Federal Reserve may shift its policy focus toward employment issues. If there is a significant adjustment in monetary policy, it could lead to sharp market fluctuations, which in turn would affect the encryption currency market.

Currently, the price trends of mainstream cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin are unclear. Investors generally believe that the content of Powell's speech will have a significant impact on the short-term market direction. Some analysts point out that if the Federal Reserve hints at continuing to tighten monetary policy, it may put pressure on risk assets, including encryption.

However, there are also views suggesting that if Powell's speech leans dovish or shows concerns about the economic outlook, it may instead stimulate a rebound in the encryption currency market. In any case, investors should remain vigilant and closely monitor the market changes that may arise from this speech, adjusting their investment strategies accordingly.