Market Pro Predicts 6,500% Rally for This Coin, Tipped to Outperform Polygon and Polkadot This Cycle
A well-respected analyst predicts a staggering 6,500% surge for a lesser-known cryptocurrency. This coin is expected to surpass the performance of major players like Polygon and Polkadot in the upcoming market cycle. The details behind this bold forecast could hold significant implications for investors and the wider blockchain community…
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A well-respected analyst predicts a staggering 6,500% surge for a lesser-known cryptocurrency. This coin is expected to surpass the performance of major players like Polygon and Polkadot in the upcoming market cycle. The details behind this bold forecast could hold significant implications for investors and the wider blockchain community… Read More
With the crypto market experiencing a bull run, attention has turned to familiar favorites making ambitious upward moves. DOGE is targeting a significant milestone, with Solana also pushing towards an impressive goal. Amidst these developments, another emerging cryptocurrency is capturing the spotlight with potential for substantial gains by the year’s end…
Published
2 hours ago
in
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With the crypto market experiencing a bull run, attention has turned to familiar favorites making ambitious upward moves. DOGE is targeting a significant milestone, with Solana also pushing towards an impressive goal. Amidst these developments, another emerging cryptocurrency is capturing the spotlight with potential for substantial gains by the year’s end… Read More
Core Event (Strengthening Data Impact) ▶ On June 29, 2025, Bow Miner used a distributed mining machine with only 580 computing power to earn up to 33 BTC (with a total value of over 3.54 million US dollars) in a single day! ▶ This is the fifth time since the beginning of June that the
Published
2 hours ago
in
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Core Event (Strengthening Data Impact) ▶ On June 29, 2025, Bow Miner used a distributed mining machine with only 580 computing power to earn up to 33 BTC (with a total value of over 3.54 million US dollars) in a single day! ▶ This is the fifth time since the beginning of June that the […]
The post Bow Miner shocks the cryptocurrency world: 580 TH/s mining speed… Read More
Key Takeaways Bitcoin surged above $116,000 following Federal Reserve Chair Powell’s signal of possible rate cuts. Powell emphasized a data-driven approach to monetary policy, citing resilience in the economy and ongoing inflation concerns. Share this article Bitcoin climbed over 3% on Friday to trade above $116,000 as optimism in crypto markets picked up after Federal
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Key Takeaways
Bitcoin surged above $116,000 following Federal Reserve Chair Powell’s signal of possible rate cuts.
Powell emphasized a data-driven approach to monetary policy, citing resilience in the economy and ongoing inflation concerns.
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Bitcoin climbed over 3% on Friday to trade above $116,000 as optimism in crypto markets picked up after Federal Reserve Chair Jerome Powell gave a cautious signal that the central bank could move toward lowering interest rates.
Speaking at the Fed’s Jackson Hole event, Powell noted that inflation is still “somewhat elevated” but has eased substantially from post-pandemic highs.
The Fed is facing a delicate balance, he said, with upside pressures on inflation and downside pressures on employment. He added that the current policy rate is closer to neutral and the labor market is stable, giving the Fed room to proceed cautiously.
“The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” Powell said.
“Monetary policy is not on a preset course. FOMC members will make these decisions based solely on their assessment of the data and its implications for the economic outlook and the balance of risks,” Powell stressed.
According to the central bank leader, tariffs could push inflation higher, but the base case is that price increases will be short-lived. The Fed remains vigilant against stagflation and is committed to its 2% inflation target.
Powell’s remarks quickly lifted crypto and stock markets as investors read the speech as more dovish than expected.
Bitcoin hit $116,000 after retreating below $112,000 earlier this week in anticipation of Powell’s hawkish stance, while other major crypto assets also moved higher following the speech.
Ethereum jumped 7% to $4,600. XRP, Solana, and Chainlink each gained over 6%, while Dogecoin and Cardano rose around 8% on the speech.
The total crypto market capitalization surpassed $4 trillion, rising by 2% in a day.
Traders are now overwhelmingly betting the Fed will deliver a quarter-point rate cut in September, with odds lifting to nearly 90% from just 75% in the previous session, according to FedWatch Tool data.
