Bitcoin, Ethereum and Jackson Hole
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13hon MSN
Why Ethereum Jumped 13% Today
Ethereum jumped about 13% after Jerome Powell's Jackson Hole comments hinted at possible rate relief in September. Lower interest rates generally lift risk assets because cheaper capital encourages more speculative trades. Investors should expect turbulence, but Ethereum has a bright long-term future.
Arthur Hayes discusses his Ethereum price prediction, suggesting a retest of $4,000 if Powell delivers hawkish remarks at Jackson Hole.
Arthur Hayes says Ethereum could soar to $20K this cycle on ETH treasury buying and ``absolutely insane'' US money printing.
More than $200 million in short positions got liquidated within the last one hour as Federal Reserve Chair Jerome Powell delivered his speech at Jackson Hole, Wyoming on Aug. 22. This is a developing story.
Ethereum hits $4,869 for the first time since 2021 as Powell signals possible Fed rate cuts, lifting Bitcoin and altcoins.
SharpLink approves $1.5B buyback as Ethereum NAV trades near lows; traders eye $10K breakout after Jackson Hole volatility.