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noW pOweLL trYna pUmp cRypto w $BTC hIttin 117K + LiQuidatin
wait does this mean i should ape into $BTC and $ETH now or am i just gonna get rekt 🧐 is this the peak of
crypto rally fueled by fed pushes feeling into ‘greed’ territory: Powell’s comments hinting at rate cut in September sparked market excitement, driving Crypto
The feeling of crypto turned greedy on Saturday as the market rose, driven by comments from the Fed’s Powell hinting at a possible rate cut in September. 📈 The Crypto Fear & Greed index hit 60, up from 50, after Powell’s speech at the Jackson Hole symposium. Bitcoin surged 5% to $117,300, liquidating $379.88 million in shorts, while Ether hit $4,851, up 11.51%. 🚀🔥
Powell’s remarks led to expectations of a rate cut, with market participants eagerly watching for hints from the Fed. St. Louis Fed President Musalem expressed the need for more time to decide on supporting a rate drop. 🤔💭
https://altcoin.observer/the-crypto-rally-fueled-by-fed-pushes-the-feeling-in-the-territory-of-greed/
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