Federal Reserve Chair Jerome Powell said on Friday that prevailing economic conditions "may warrant" interest-rate cuts, a departure from the central bank’s tightening stance that investors interpreted as an early signal of policy easing. Digital-asset markets rallied immediately after the remarks. Bitcoin rose sharply, while Ether traded around $4,600 and Solana reached about $191, according to market-price snapshots cited by trading platforms. The gains extended a broader uptick in cryptocurrencies as traders priced in the prospect of looser monetary policy and lower borrowing costs later this year.
Jerome Powell hinted at cutting rates today and entire crypto market is PUMPING imagine what happens once rates are cut I AM SO BULLISH!!
Bitcoin surges after Fed Chair Jerome Powell suggests current conditions 'may warrant' interest rate cuts. Time to warm up the money printer? 🚀 https://t.co/eKenqp83Tb
BREAKING: Crypto markets rally after Fed Chair Jerome Powell signals current climate "may warrant" interest rate cuts