Jackson Hole Symposium Fuels Crypto Boom: Bitcoin & Ethereum Surge After Fed Rate Cut Expectations

The annual Jackson Hole Economic Policy Symposium has significantly impacted global markets, with the Federal Reserve’s (Fed) hints of a potential rate cut this September driving investor optimism. Chair Jerome Powell emphasized a slowing labor market, prompting traders to anticipate a shift towards more lenient monetary policy. This expectation fueled both Bitcoin and Ethereum, leading to significant price increases in these digital assets.