The crypto market sentiment has shifted back to neutral as Bitcoin recovers from a brief dip to $112,350, prompting an improved sentiment rating of 50 on the Fear & Greed Index. Analysts warn of more volatility ahead, with total market capitalization reaching $3.96 trillion after a 2% gain in 24 hours.

Investors eagerly await Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole conference, which historically moves markets. Powell’s tone could impact equities and crypto markets, with predictions of a rate cut on Sept. 17 falling to 82%. Markets are front-running the possibility of no rate cuts in September, but Powell’s speech may change that.

Read more at Cointelegraph: Bitcoin Sentiment Returns To Neutral After 10% Market Drop