Federal Reserve Chair Jerome Powell has signaled openness to potential interest rate cuts in September, fueling bullish momentum in crypto markets.
Powell acknowledged ongoing challenges for the U.S. economy, citing persistent inflation risks and concerns in the jobs market.
This dovish tone sparked optimism across digital assets, with traders noting renewed upside potential for cryptocurrencies.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $116,518.85 |
| Ethereum | (CRYPTO: ETH) | $4,629.78 |
| Solana | (CRYPTO: SOL) | $194.00 |
| XRP | (CRYPTO: XRP) | $3.02 |
| Dogecoin | (CRYPTO: DOGE) | $0.2311 |
| Shiba Inu | (CRYPTO: SHIB) | $0.2311 |
Trader Notes: With the sudden price bump, Pentoshi compared sentiment swings, noting Bitcoin is at the same level as last week despite extreme mood shifts from all-time high …