Powell’s Dovish Shift Sparks Massive Crypto Rally
In his speech, Jerome Powell hinted at a possible rate cut as early as September, which instantly caused market movement:
Bitcoin jumped to $116,500 (+2%)
Ethereum set a new record — around $4,900
Binance Coin (BNB) also hit a new high — around $900
The total capitalization of the crypto market grew by $200 billion to $4.1 trillion
