Bitcoin Braces for Powell’s Jackson Hole Speech – $100K Next? | Friday Five

Bitcoin sits near $110K as all eyes turn to Jerome Powell’s Jackson Hole decision and whether the Fed will signal rate cuts or stick with “higher-for-longer.” Washington heats up with Senator Lummis pushing a crypto market structure bill, the DOJ easing enforcement on developers, and banks lobbying to reshape the GENIUS Act. Globally, China explores yuan-backed stablecoins, while whales shift from Bitcoin into Ethereum and BlackRock doubles down on ETH. Even the Kanye West memecoin shows the risks of speculation. With policy, institutions, and macro all colliding, the key question remains: will the Fed’s decision spark Bitcoin’s next big move?