Market Catalyst: Powell Hints at Rate Cuts Crypto Surges
Federal Reserve Chair Jerome Powell’s dovish remarks at Jackson Hole stirred renewed optimism. Bitcoin climbed around 4.2% to ~$117,200, while Ethereum exploded 14% higher to ~$4,789. Other gains include Solana up 9.1%, XRP up 6.4%, and Dogecoin surging 10%.Barron's This rally stems from expectations of looser monetary policy, boosting investor appetite for risk assets.
Trending Tokens
1. Tokens Gearing Up for Q4 Bull Run
A fresh article spotlights eight high-potential cryptos poised for explosive growth in Q4:
Little Pepe: Meme coin with its own Layer‑2, nearly sold-out presale, anticipated 50%+ listing gains.
Floki Inu: Meme coin with AI tools and tokenized assets—could 3× in Q4.
Cardano: Layer‑1 veteran, bullish charts support movement toward $2–$4.83 by year-end.
Notcoin, Pepe: Meme fuel potential via massive community hype.
Mantle, Pudgy Penguins, Sei: Infrastructure-oriented, undervalued with breakout setups.
2. Bitcoin’s Long-Term Bull Run Outlook
Bernstein analysts suggest Bitcoin’s bull market could extend beyond traditional cycles potential $200K target within 6-12 months, possibly stretching peak to 2027. Skeptics foresee a more conservative cap of $140-150K by late 2025.
3. Bullish Momentum in BTC and LINK
Bitcoin is labeled as “still targeting $135K in August,” buoyed by institutional inflows and ETF optimism.
Chainlink is accumulating with whale involvement LINK Reserve fund is drawing down circulating supply, building a bullish foundation for the next cycle.
4. Real-Time Gainers to Track
According to CoinMarketCap, top gainers over the past 24 hours include:
Bittensor (TAO) +12.6%
Avalanche (AVAX) +11.6%
Fetch.ai (FET) +9.9%
THORChain (RUNE) +8.9%
Immutable (IMX) +7.9%ABP Live
5. Loopring (LRC) Technical Signal
On a technical chart, LRC is flagging bullish signs — the RSI crossed above its SMA, and price looks set for a breakout above the 20-day EMA (~$0.1766) with a target toward $0.2050.