The Bitcoin and the crypto market witnessed significant volatility on Friday, August 22, rallying hard on the back of the Federal Reserve Chair Jerome Powell’s speech at Jackson Hole . Powell suggested a possible shift in the US policy direction, hinting that the interest rates could soon be cut.

This speech triggered volatility in the risk assets and the crypto market, with most large-cap cryptocurrencies jumping to new local highs. The price of Ethereum, for instance, briefly ran up to a new all-time high around $4,888 on Friday.

Now, optimism seems to be on the rise about the outcome of the Federal Open Market Committee (FOMC) meeting in September and its potential impact on Bitcoin and other risk assets.

September Rate Cut Might Be A Done Deal: Expert

In a recent post on the X pl

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