#Bitcoin, Ethereum and all cryptocurrencies explode after Jerome Powell's (Fed) accommodative speech

An unexpected capitulation! Many did not expect much from the speech of Jerome Powell, the chairman of the Federal Reserve (Fed) this Friday, August 22, 2025, in Jackson Hole, Wyoming (USA). And they might have been right, given the many very lukewarm interventions to which the central banker has accustomed us. But no! This time, Jerome Powell's words triggered a strong positive reaction in the Bitcoin (BTC) and cryptocurrency market, as he seems to capitulate to President Donald Trump's desire to lower the Fed's key rates.

Key points of this article.

Jerome Powell caused a bullish shock by shifting his speech, suggesting a more accommodative monetary policy from the Fed.

Bitcoin and the cryptocurrency market exploded following the speech, anticipating a possible reduction in key rates as early as this September.