A strong boost for global markets... from stocks to cryptocurrencies
Follow the global financial trading closely as Powell's speech at Jackson Hole coincided with a surge of optimism about interest rate cuts, resulting in widespread impacts across all financial categories. In the cryptocurrency market, Bitcoin saw a jump to over $116,500, while Ethereum's price approached the $5,000 levels, according to reports from specialized financial sources.
Meanwhile, in the stock markets, U.S. indices touched record levels: the Dow Jones index recorded an increase of about 1.9%, with the S&P and Nasdaq joining with increases ranging from 1.5% to 1.9%.
This explosion in performance came in line with the wave of optimism brought by Powell's speech, although some analysts believe that this "late summer optimism" may be short-lived, warning of potential volatility in the fall if economic data fails to support the path of monetary easing.
Article assessment: The article links the movement of cryptocurrencies and stocks to expectations of interest rate cuts and realistically warns of the possibility of a return to volatility, making the analysis comprehensive.