Bitcoin, Ethereum, XRP, BNB On The Rise Following Powell’s Fed Speech
August 23, 2025 · 3:00 AM
The cryptocurrency market saw a notable surge on Friday, led by Ethereum (ETH) and Bitcoin (BTC), as ETH surpassed $4,700 and approached its previous all-time high of $4,878. This rally followed optimistic comments from Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium, suggesting potential rate cuts that could benefit cryptocurrencies. Other altcoins, including XRP, Solana (SOL), and Binance Coin (BNB), also experienced significant gains.
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