Cryptocurrency investor sentiment shifted back to “greed” in a single day following dovish comments from U.S. Federal Reserve Chair Jerome Powell, Cointelegraph reported. After Powell’s speech at the Jackson Hole symposium, the probability of a September rate cut surged above 90%, up from about 75% prior to the address. Broader markets also responded positively, with Bitcoin rising 5% and Ethereum climbing 11% to new all-time highs.
Crypto market returns to ‘greed’ after U.S. Fed’s dovish turn
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