Bitcoin Magazine Jerome Powell Blinks at Jackson Hole: Bitcoin Price Rips Higher as Fed Signals Dovish Shift

Bitcoin surged 5% (about $5,000) following Jerome Powell’s remarks at the Federal Reserve’s annual Jackson Hole symposium, igniting fresh momentum in a bull market that has been quietly grinding higher since early 2024.

For much of this cycle, bitcoin’s rise has come against a headwind of monetary tightening. The story of this bull run began when BlackRock filed its spot Bitcoin ETF application in June 2023, which marked the institutional green light for Bitcoin adoption. Since then, despite persistent inflation concerns, rate hikes and constant talk of “higher for longer,” Bitcoin has continued to march higher, shaking off the macro drag.

Today could mark a turning point. Powell

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