Crypto Surge Driven by Powell’s Soft-Spoken Guidance

Cryptocurrencies are experiencing a notable uptrend, with Bitcoin surpassing $115,700 and Ethereum hitting an all-time high of $4,600. This surge in ETH prices has sparked positive expectations for the ETHBTC pair. Recent comments from Powell have eased investor concerns about inflation risks. He downplayed concerns surrounding the Producer Price Index (PPI) data and emphasized cooling employment levels as key factors behind the recent market shift. Further details are emerging as cryptocurrencies continue to rise.