AsianFin -- Bitcoin options traders are split ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday, underscoring growing uncertainty across both crypto and equity markets.

Conflicting macro signals have muddied the outlook. The July CPI report earlier this month fueled optimism over potential rate cuts and sparked a crypto rally that sent Bitcoin to a record high in mid-August. But subsequent PPI data revived inflation concerns, clouding expectations on whether the Fed will ease policy as soon as next month.

Bitcoin has since retreated about 8% from its Aug. 14 peak of roughly $124,128, sliding to $114,170 after a sharp weeklong decline, according to CoinGecko.