Breaking: Bitcoin, Ethereum Climb As Jerome Powell Affirms Fed Rate Cuts


Breaking: Bitcoin, Ethereum Climb As Jerome Powell Affirms Fed Rate Cuts

  coingape.com 23 August 2024 22:25, UTC

US Federal Reserve Chair Jerome Powell gave the strongest Fed rate cuts signal in his Jackson Hole speech on Friday. After the FOMC Minutes release recently, Powell saying ‘The time has come for policy to adjust’ has further increased positive sentiment in the stock and crypto market today. Both Bitcoin and Ethereum witnessed a sharp upside move.

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