Powell’s Signals Spark Ethereum and Cardano Rally

Jerome Powell’s recent comments about the potential for interest rate cuts have ignited a surge in crypto markets, with Ethereum and Cardano leading the charge. His speech, highlighting inflation pressures and economic risks, fueled investor optimism and sparked a significant rally across major cryptocurrencies. This shift in sentiment came after five consecutive Fed meetings without rate adjustments and amidst pressure from President Trump for a cut. Powell’s words provided clarity to the market, signaling that the Federal Reserve remains flexible in responding to evolving economic conditions.