Powell assists the crypto market! Related concept stocks soar across the board: Why is there a resonance effect of funds?

Review the closing results of the US stock market on August 22. Powell's remarks last night drove cryptocurrency concept stocks significantly higher, with mainstream tokens resonating with the stock market. (Previous context: SharpLink Gaming approved a $1.5 billion 'stock buyback' plan. Can SBET return to its yearly high?) (Background supplement: Koreans are rushing to buy 'crypto US stocks', making BitMine the top target) All cryptocurrency concept stocks are heating up. As of August 22, 2025, the three major US stock indices closed up more than 1.5%, with the Dow Jones Industrial Average jumping 1.89%, the S&P 500 rising 1.52%, and the Nasdaq soaring 1.88%. In this wave of warmth, cryptocurrency concept stocks surged simultaneously: Coinbase rose 6.52%, MicroStrategy increased by 6.09%, Bitmine and BNB Network Company skyrocketed by 12.07% and 18.73% respectively, while ALT5 Sigma even hit an intraday high of 19.13%. The market appears to present a dragon-like trend, triggering renewed investor attention on the interconnectivity of cryptocurrency assets. Powell sends macro signals. Data shows that the correlation coefficient between the US stock market and cryptocurrencies over the past month is about 0.67, indicating that risk sentiment has not yet ceased. When the Federal Reserve released dovish signals last night, funds simultaneously flowed into stocks and cryptocurrency assets. Mainstream tokens immediately rose, and cryptocurrencies soared after Powell hinted at interest rate cuts. Additionally, a report from OneSafe pointed out that expectations of interest rate cuts, easing inflation, and strong earnings reports from tech companies are all core drivers of 'risk appetite'. Cryptocurrency assets, being highly volatile, react more intensely to the same signals. The resonance of 'crypto US stocks' at the end of August is not coincidental; it is the result of four driving factors: low-interest rate expectations, easing inflation, technological breakthroughs, and regulatory progress. For investors, understanding the dynamic correlation between the cryptocurrency market and the stock market will be a good topic for seeking excess returns and hedging operations. Related report: Ondo will launch Ondo Global Markets on 9/3, initially listing hundreds of tokenized stocks. The premium on coin hoarding is decreasing; Bitcoin 'reserve companies' have been overshadowed by US stock IPOs. "Powell assists the crypto market! Related concept stocks soar across the board: Why is there a resonance effect of funds?" This article was first published by BlockTempo (BlockTempo - the most influential blockchain news media).