Crypto Market Soars Amid Global Uncertainty: What’s Next?

The cryptocurrency market has shown surprising resilience this week, defying the odds with strong gains despite global uncertainty. Notably, Bitcoin reached a record-breaking high of $124,457 on August 14, and Ethereum is nearing its previous peak near $4,788. What’s driving this recent surge? Major events like talks between Russia and Ukraine, the FOMC meeting minutes, weekly unemployment claims, and Fed Chair Jerome Powell’s speech are shaping the market.