#FamilyOfficeCrypto

Why the Crypto Market is Up Today

Fed Chair Jerome Powell in Jackson Hole opened the possibility of interest rate cuts in the coming months.

This statement is considered dovish → investors are confident that economic conditions support easing.

Impact: risk assets (stocks & crypto) become more attractive.

Bitcoin is up ~1.2% to $114.9K; altcoins also followed suit (ETH +4.9%, XRP +2.4%, SOL +1.7%).

This positive sentiment is also driven by the potential weakening of the US dollar as interest rates decrease.

Source:

Barron’s

Times of India