Crypto Market Skyrockets as Powell Hints at Rate Cuts

The annual Jackson Hole Economic Symposium delivered a surprising jolt to global markets when Federal Reserve Chair Jerome Powell suggested the possibility of rate cuts as early as September. His dovish tone, a sharp departure from months of cautiousness, sent ripples through the cryptocurrency market, resulting in a surge that saw Bitcoin inch closer to a new all-time high and Ethereum recover sharply towards its previous record. Altcoin prices also followed suit, igniting renewed optimism that a bull run might be underway. 2025 could already hold exciting gains for investors who see this as an opportunity.