Crypto market enters Greed mode after Fed speech
Anxiety took a turn: the Crypto Fear & Greed Index climbed from Neutral (50) to Greed (60) this Saturday, after Jerome Powell hinted at a possible rate cut within the year during his speech at the Jackson Hole economic symposium.
Reason Explanation
Expectation of rate cut Powell's statements triggered an immediate rebound in risk assets, especially Bitcoin and Ethereum.
Upward sentiment The shift in the index reflects a growing tide of optimism: investors are regaining strong confidence in the crypto market.
Catalyzes new movements This renewed sentiment could be the fuel that ignites a new bullish phase in the short term.
Is this sentiment rebound a sign of a sustained rally or just a technical bounce? Respond with:
👍 if you think it keeps going up
👎 if you think it's just a bounce
