đ Powell Goes Dovish â Crypto Rallies Hard
Fed Chair Powellâs Jackson Hole speech flipped market sentiment with a dovish tone, hinting at possible rate cuts amid rising job market risks.
đŹ âShifting balance of risks may warrant adjusting policy stance,â Powell said. Odds of a September 25bps cut spiked to 90% (CME FedWatch).
đ Market Reaction:
BTC +3.4% â $116K
ETH +12%
XRP +5%
SOL +8%
Analysts say the dovish tilt boosts Bitcoinâs hedge narrative and sparks liquidity flows into crypto.
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