📊 The crypto market enters "Greed" after Powell

Crypto returns to "Greed" after Jerome Powell (Chairman of the Fed) hinted at a possible rate cut in September. The Fear and Greed Index rose from 50 (neutral) to 60 (greed), reflecting the optimism following his comments in Jackson Hole.

💰 Following the speech, Bitcoin surged 5% to 117,300 USD, while Ethereum ($ETH ) shone brightly, jumping 11.5% and nearing its all-time highs at 4,851 USD 🔥. Analysts point out that lower rates make cryptos even more attractive compared to traditional banks. 🤑