Flipster Crypto Weekly (August 22)

BTC tests $112K ahead of Powell’s Jackson Hole speech

August 22, 2025

Markets swung from rangebound to risk-off through the week, with BTC sliding from $117K to $112K and ETH slipping toward $4K, while Bitcoin dominance hovered near 59–60%. 

Macro focus is on Jackson Hole, where Powell is set to reset the Fed’s policy framework toward stricter inflation targeting amid political pressure. 

Regulatory and structural headlines also shaped sentiment: the Fed will end its crypto banking supervision program, China is weighing yuan-backed stablecoins to push currency internationalization, and the U.S. House moved to insert an anti-CBDC clause into its defense bill. 

On the corporate side, MicroStrategy added 430 BTC, SharpLink accumulated 143K ETH, Bullish completed its $1.15B IPO settlement fully in stables, and Gemini filed for a Nasdaq listing. 

With Powell’s remarks ahead and liquidity thinning into late August, BTC’s $112K level is one to watch, whether it holds or if further downside momentum takes the lead.

Trade the moves on Flipster as volatility returns.

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