The crypto scene lit up like a supernova as Ethereum (ETH) and Bitcoin (BTC) took the lead, reigniting the upward thrust that had crypto fans doing the moonwalk just the week before. ETH soared past the $4,700 mark, flexing double-digit gains and eyeing the $4,878 record heights it hit during the last crypto frenzy four years back. What’s got the market partying harder than a bull in a china shop? Federal Reserve (Fed) Chair Jerome Powell’s Jackson Hole Economic Symposium speech hinting at possible rate cuts. The crypto gang, including Ethereum, XRP, and BNB, got a boost as lower rates make playing the stock and crypto game more appealing than traditional snooze-fests like bonds. And hey, a weaker dollar? That’s music to the ears of crypto enthusiasts. But wait, there’s more! XRP popped by 5%, SOL by 4%, and BNB by a whopping 8%, smashing through the $882 resistance level like it was no biggie. Manuel Villegas from Julius Baer even pointed out how cryptos and stocks are currently twinning like it’s a fashion statement. Over on X (formerly Twitter), the pros are dishing out hot takes faster than you can say “moon lambo.” Doctor Profit thinks the market already saw Powell’s curveball coming, while Lark Davis is placing bets on a potentially bullish Q4, thanks to the Fed Chair’s rate cut tease. As of now, Ethereum is strutting at $4,740, stealing the show with a killer 13% uptick. Meanwhile, Bitcoin is like that friend who’s always a step behind, trading at $116,000 but still chasing its $124,000 all-time high dream. The crypto rollercoaster is in full swing, folks!
Crypto Market Buzz: Ethereum, Bitcoin, XRP, BNB Rally Post Powell’s Fed Talk!
