In brief
- Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher.
- Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs.
- But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high.
Crypto markets have come alive following dovish remarks today from Federal Reserve Chair Jerome Powell. The Fed chairman opened the door to interest rate cuts during a speech at Jackson Hole, which both traditional and crypto markets had been eagerly awaiting—though not necessarily expecting.
Crypto climbed back above the $4 trillion mark and the Dow Jones Industrial Average jumped as much as 900 points, up to 2% on…
Aug 22 2025
