📌 Powell hints at interest rate cut in September.. and Bitcoin rises sharply
In a speech at the "Jackson Hole" conference, Federal Reserve Chairman Jerome Powell adopted a more dovish tone than expected, suggesting that a rate cut may be on the table in September if economic indicators continue to improve.
This statement had a direct impact on the markets:
Bitcoin (BTC) surged above $116,700, rising more than 3.5%.
Ethereum (ETH) increased significantly by about +9.5% to approach $4,650.
Other major cryptocurrencies like BNB, SOL, DOGE, and LTC also recorded strong gains.
📈 Investors see that any interest rate cut will increase the attractiveness of high-risk assets such as cryptocurrencies and gold, which could drive the markets into a new bullish wave.
🚀 In short: Powell's statements may mark the beginning of a new bullish cycle for cryptocurrencies if the interest rate cut is confirmed in September.