#PowellRemarks Cryptocurrencies, like Bitcoin and Ethereum, continue to influence the global economy even during the hottest summer. As temperatures rise and traditional markets slow down, crypto goes on vacation: transactions continue 24/7, oblivious to the scorching heat. Some investors, taking advantage of the summer calm, closely watch price fluctuations hoping for sudden gains. Others prefer to 'hodl', resisting the heat just like the fluctuations. Meanwhile, in the sweltering cities, the energy required for mining reignites the environmental debate. Crypto, like summer, can be intense, unpredictable, and sometimes... scorching.
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