The market prospects for digital assets such as Bitcoin may be significantly affected by two upcoming important economic events. First, the minutes from the Federal Open Market Committee (FOMC) meeting on August 20 will reveal policymakers' views on the direction of interest rates. If the minutes indicate that more officials are inclined to accelerate the pace of rate cuts, this could provide upward momentum for high-risk assets, including encryption currencies.

Following closely is the economic policy seminar held on August 22 in Jackson Hole, where Federal Reserve Chairman Powell's speech will be the focus. This speech is seen as a key indicator for determining whether a rate cut is possible in September. If Powell signals a potential rate cut in September, it will be interpreted by the market as very favorable news for digital currencies such as Bit. On the contrary, if he continues to maintain a hawkish stance, suggesting the current tightening policy will remain, it may have a suppressive effect on the encryption market.

Investors and market analysts are closely monitoring these two events, as they could become key factors in determining the direction of the digital asset market in the short term. However, it is worth noting that in addition to these macroeconomic factors, technological developments, changes in the regulatory environment, and other factors will also have a significant impact on the encryption market.