Crypto Market Shifts to Greed Amidst Speculation of Fed Rate Cuts

The cryptocurrency market experienced a surge in optimism, shifting its sentiment to ‘Greed’ on Saturday following comments from U.S. Federal Reserve Chair Jerome Powell at the annual Jackson Hole economic symposium. His remarks hinted at potential adjustments to the Fed’s monetary policy, igniting speculation about a possible rate cut in September. This development caused a noticeable increase in the Crypto Fear & Greed Index, rising to 60 from its previous ‘Neutral’ reading of 50. 🚀 📈