Federal Reserve Chair Jerome Powell delivered an address at the central bank's annual Jackson Hole and warned of sustained "restrictive policy" in the coming months, casting a shadow of doubt over risk-on markets. Following this, the Crypto markets took a hit; Bitcoin plunged by 4% to $20,727, while ETH took an 8% tumble. In addition, Nasdaq plunged by 4%, and the Dow Jones Industrial Average dropped 1,008 points, a 3% decline.