The statements made by Federal Reserve Chairman Jerome Powell from Jackson Hole regarding potential interest rate cuts in September ignited institutional market activity, leading to a sharp rise in cryptocurrencies, particularly Ethereum which reached new levels.
The statements indicate a favorable macroeconomic environment for digital assets, stimulating investor interest and driving alternative currencies like Ethereum to new record levels amid changing monetary policies.
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The statements made by Federal Reserve Chairman Jerome Powell from Jackson Hole regarding potential interest rate cuts in September ignited institutional market activity, leading to a sharp rise in cryptocurrencies, particularly Ethereum which reached new levels.
The statements indicate a favorable macroeconomic environment for digital assets, stimulating investor interest and driving alternative currencies like Ethereum to new record levels amid changing monetary policies.