Buckle up, crypto crew! Bitcoin just blasted off, and Fed Chair Jerome Powell’s Jackson Hole speech is the rocket fuel! 🚀

In a blockbuster moment, Powell, nearing the end of his term, dropped a bombshell: interest rate cuts could be coming as soon as the FOMC’s September showdown. The U.S. economy’s hitting the brakes harder than expected, with unemployment ticking up to 4.2% in July—still low historically, but enough to make markets twitch. Powell’s nod to looser monetary policy sent shockwaves through the crypto sphere, and Bitcoin didn’t waste a second.

Before Powell’s mic was hot, BTC was chilling below $112,000. By the time he wrapped, it was flexing at nearly $116,000, sparking a liquidation frenzy that left bearish traders reeling. Altcoins caught the fever too, riding Bitcoin’s coattails as the market roared to life. Why the surge? Lower rates mean cheaper money, and that’s catnip for risk-on assets like crypto. Investors are betting big that a dovish Fed will keep the bullish vibes flowing.

But here’s the kicker: Powell didn’t spill all the tea. The exact size of the cut? Still a mystery. With the economy wobbling and inflation cooling, the stage is set for a high-stakes September. Will Bitcoin keep soaring, or is this a head-fake before a pullback? Drop your thoughts below—what’s your play for BTC in 2025? 🤑

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