📊 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄:

• Ethereum surges to a new all time high: $ETH climbed past $4,868, marking the highest level since November 2021. This rally comes after Federal Reserve Chair Jerome Powell hinted at a possible rate cut at the Jackson Hole symposium.

• Bitcoin and crypto stocks rebound: Following Powell’s dovish tone, $BTC jumped from below $112,000 to around $116,500. Meanwhile, crypto related equities like MicroStrategy and Coinbase gained, rising more than 5% and nearly 7% respectively. Rising optimism about a September Fed rate cut pushed trader sentiment even higher.

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