Jackson Hole, Jerome Powell and Crypto
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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.
Bitcoin's volatility is expected to be slightly above average around Federal Reserve Chairman Jerome Powell's speech at Jackson Hole. BTC options suggest a ±2.0% price move, indicating higher volatility than the average daily volatility of 1.52%.
Fed chair's dovish pivot sends crypto markets flying, with Ethereum, Solana, and Dogecoin leading the altcoin rally.
Fed Chair Jerome Powell’s dovish Jackson Hole remarks boosted Wall Street optimism, with Tom Lee forecasting an S&P 500 rally, tech and crypto gains, and Ethereum’s central role in future financial innovation.
Arthur Hayes discusses his Ethereum price prediction, suggesting a retest of $4,000 if Powell delivers hawkish remarks at Jackson Hole.
Ethereum treasuries soar on dovish Fed signals, Bitcoin ETFs lose $1B, and Figure Technologies files for its IPO.
Will Jerome Powell hint at interest rate cuts at the Jackson Hole summit? Either way, it could have a big impact on Bitcoin.
Historically, Powell’s remarks at Jackson Hole have triggered sharp market moves: hawkish tones have lifted the dollar and weighed on equities, while dovish guidance has sparked rallies in stocks and crypto.