Powell’s Pivot Fuels Crypto Rally as ETH Nears All-Time High
Ethereum experienced a significant price surge ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium, pushing its value closer to an all-time high. According to data from Binance, Ethereum (ETH) rose approximately 13% to over $4,814 on August 22, 2025, nearly reaching its peak of $4,878 recorded in November 2021. This surge coincided with a 4% increase in Bitcoin (BTC) to around $117,000, with the broader cryptocurrency market capitalization climbing 6% to exceed $4.1 trillion. The rally mirrored a broader stock market upswing, as the S&P 500 gained 1.5% following Powell’s remarks.
Powell’s speech on Friday, delivered at a conference in Jackson Hole, Wyoming, hinted at potential interest rate…
