Powell’s Speech Adds $140B to Crypto Market in 1 Hour
Jerome Powell's latest speech triggers a $140B surge in the crypto market within just one hour.
- Crypto market gained $140B in one hour after Powell’s remarks
- Investor sentiment turned bullish on interest rate expectations
- Bitcoin and altcoins saw strong price jumps immediately
A staggering $140 billion was added to the crypto market in just one hour following U.S. Federal Reserve Chair Jerome Powell’s latest speech. The sudden surge caught many by surprise, but for market watchers, Powell’s tone was the catalyst.
In his speech, Powell suggested that inflation is showing signs of easing and hinted at the possibility of rate cuts if economic data supports it. This optimistic tone marked a shift from earlier caution, sparking immediate reactions across financial markets—especially in crypto.
Bitcoin and Altcoins Rally
Bitcoin led the charge with a notable price increase, climbing above key resistance levels within minutes. Ethereum and several altcoins followed, each posting double-digit gains in a short time frame. Traders and investors interpreted Powell’s softer stance as a green light for risk assets.
Altcoins like Solana, Cardano, and Avalanche experienced significant volume increases as capital flowed rapidly back into the market. The Fear & Greed Index also ticked upward, reflecting growing investor confidence.
What This Means for Crypto Investors
Jerome Powell’s influence over markets is well-known, but the speed and scale of this crypto reaction show how closely the sector watches central bank policy. Lower interest rates generally make riskier assets more attractive, and crypto is often among the first to respond.
While it’s too early to say if this is the start of a long-term rally, the one-hour, $140 billion surge suggests momentum is building. Traders are now watching upcoming economic data and Fed commentary for signs of further support.
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