BlockBeats news, on August 22, Tom Lee posted on platform X stating that Powell's speech was interpreted as 'dovish', which was expected and favorable for cryptocurrencies (BTC, ETH).
In the tweet he quoted, Tom Lee predicted on August 19: In conversations with institutional investors, more people expect Federal Reserve Chairman Powell to lean towards 'hawkish', as he does not want to be forced to cut interest rates. Since this is the 'baseline scenario', his statement is likely to be seen as 'dovish'. This means that the stock market may rise on Friday after the Jackson Hole event.
