Ether, the world’s second-largest cryptocurrency by market capitalization, surged to a fresh record high—the first since 2021—following remarks from U.S. Federal Reserve Chair Jerome Powell that hinted at potential interest rate cuts. The prospect of looser monetary policy reinvigorated investor appetite for risk assets, with digital currencies among the primary beneficiaries. Analysts say Ether’s rally… Continue reading Ether Hits First Record High Since 2021 as Powell Hints at Rate Cuts
Tag: Jerome Powell
Crypto Markets Hold Breath as Investors Await Powell’s Jackson Hole Speech
Global cryptocurrency markets are treading cautiously ahead of U.S. Federal Reserve Chair Jerome Powell’s much-anticipated address at the Jackson Hole Economic Symposium. Traders are bracing for potential signals on monetary policy, particularly concerning inflation management and future interest rate decisions. Bitcoin and other digital assets have experienced muted trading volumes, reflecting investor uncertainty. With the… Continue reading Crypto Markets Hold Breath as Investors Await Powell’s Jackson Hole Speech