Jerome Powell's Jackson Hole Speech
Digest more
Ethereum surged 10% to hit a new all-time high on Coinbase after Fed Chair Jerome Powell hinted at a possible rate cut.
Bitcoin rose more than 2% on Friday after Federal Reserve Chair Jerome Powell signaled it may be time to cut interest rates amid mounting concerns about the labor market during his speech at the central bank’s Jackson Hole symposium.
Crypto traders had been preparing in recent days for a more-hawkish tone from Fed Chair Jerome Powell's highly anticipated speech in Jackson Hole.