Bitcoin (BTC) has recently performed disappointingly, with limited rebound strength in the market. Analysts generally believe that the expectations of a possible interest rate cut in September reflect the downside risks facing the U.S. economy, and the market seems to have begun preparing for a potential economic recession. It is expected that before this Friday, the BTC price may fluctuate in the range of $112,000 to $115,000.

At the same time, political figures have expressed concerns about the economic situation. Some politicians criticized Federal Reserve Chairman Powell on social media, claiming that the U.S. does not actually have an inflation problem, and warned that failing to cut interest rates quickly could lead to disastrous consequences. Such remarks are common during periods of economic uncertainty and reflect dissatisfaction among some individuals with the current monetary policy.

Other aspects of the cryptocurrency market are also worth paying attention to. The progress of the implementation of the Ethereum (ETH) staking withdrawal mechanism has attracted close attention from investors. At the same time, changes in the geopolitical situation, such as the potential end of the Russia-Ukraine conflict, could have a significant impact on the global financial markets.

In addition, long-term holders (HODLers) on the Binance platform recently received an airdrop of PLUME tokens, reflecting the ongoing innovation and reward mechanisms in the cryptocurrency ecosystem.

The upcoming Jackson Hole Economic Policy Symposium is also receiving much attention, as it may provide important clues for the future direction of monetary policy. In this uncertain market environment, investors need to remain vigilant and closely monitor various economic indicators and policy signals.