| The past seven days were relatively unproductive in the cryptocurrency markets – at least in terms of price development, but this doesn't mean there wasn't volatility. The total capitalization seems to be hanging by a thread slightly above the coveted mark of $1 trillion. This time last week, Bitcoin was trading at around $21,700 but quickly retraced below $21,000. The price spent quite some time battling with this area, and it appears that even until this moment, there's no clear winner. By the looks of it, the entire market was particularly indecisive, and the main reason for this seems to be Jerome Powell's speech at Jackson Hole. The Fed isn't scheduled to produce a rate hike in August, so market participants were eager to get a hint at what might the next hike in September look like. The Fed Chair didn't provide any concise information, saying that their next move will be entirely based on the data they receive. He said that the restrictive measures might need to continue for a while, which sent the entire market into serious volatility, which materialized in yet another drop towards $21K. With that said, the rest of the market is also looking particularly shaky at the moment. Ethereum is down some 3% on the week, trading at around $1,650. There was news from the Ethereum Foundation about some more precise estimates about the Merge date, but this failed to catalyze a sustainable increase | 
Jerome Powell Speech, Merge Updates, and Bitcoin’s Choppy Price Action: The Week’s Crypto Recap