Cryptocurrencies and related stocks faced notable losses as traders braced for the Federal Reserve's upcoming FOMC minutes and Fed Chair Jerome Powell's speech at the Jackson Hole symposium. Bitcoin dropped 3.2% to below $114,000, while ether fell 5.3% to under $4,200. The broader crypto market saw a 3.2% decline, with shares of crypto-related companies like MARA, COIN, and MSTR also experiencing downturns. In contrast, U.S. equities exhibited less volatility, highlighting the crypto market's sensitivity to interest rate expectations. The forthcoming FOMC minutes and Powell's address are anticipated to shape market expectations for the September policy meeting. Analysts indicate that ongoing inflation and tariff costs could delay rate cuts, affecting liquidity in the crypto market and emphasizing the significance of the Fed's decisions on digital assets' future.