Fed Rate Cut Hints Spark 15% Crypto Surge Bitcoin Hits $114200 Ether Hits $4866
Late August 2025 witnessed a significant surge in the cryptocurrency market, largely attributed to Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Symposium on August 23. The Fed’s hint at potential early rate cuts rekindled risk appetite among investors, driving sharp price increases in major digital assets. Bitcoin (BTC) climbed approximately 2% to $114,200, while Ether (ETH) reached a new all-time high of $4,866 following a near 15% gain in 24 hours [2][8].
The market reacted swiftly to Powell’s suggestion that the Fed may need to cut interest rates, pushing the probability of a September rate cut from roughly 35% in early August to nearly 80% [3][6]. This shift in expectations led to widespread liquidation…
