{"id":26404,"date":"2025-08-22T19:43:08","date_gmt":"2025-08-22T16:43:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26404"},"modified":"2025-08-22T19:49:18","modified_gmt":"2025-08-22T16:49:18","slug":"bitcoin-surges-to-117000-following-fed-chairs-remarks","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-surges-to-117000-following-fed-chairs-remarks\/","title":{"rendered":"Bitcoin Surges to $117,000 Following Fed Chair’s Remarks"},"content":{"rendered":"

The cryptocurrency market responded positively to remarks by Jerome Powell, the chairman of the Federal Reserve<\/span>. The head of the regulator hinted at a potential interest rate cut in September.<\/p>\n

At the Jackson Hole conference, Powell pointed to weak labor market data and a slowing economy. He added that tighter immigration policies are negatively impacting employment and economic activity.<\/p>\n

In his view, the price increases driven by higher tariffs will have a short-term effect. The Federal Reserve is prepared to respond to any prolonged consequences should they arise.\u00a0<\/p>\n

However, a worsening labor market could negatively affect price stability, necessitating adjustments to monetary policy, Powell emphasized.<\/p>\n

Following his speech, the proportion of investors expecting a rate cut jumped to 89% from 69%.<\/p>\n

\"FedWatch
Source: CME FedWatch<\/a>.<\/figcaption><\/figure>\n

In response, the price of the leading cryptocurrency rose from around $112,400 to over $117,000. The price increased by 3.4% in 24 hours.<\/p>\n

\"BTCUSD_2025-08-22_18-49-04\"
15-minute BTC\/USD chart from Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

Leading altcoins reacted more dynamically than the flagship. Ethereum’s price exceeded $4600, up from ~$4300 before Powell’s speech, marking a 9.4% increase in the last 24 hours.<\/p>\n

Dogecoin reached $0.23 (up 7%), Solana rose to $193 (5.3%), and XRP climbed to $3.03 (5%).<\/p>\n

\"Cryptocurrency
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

The cryptocurrency market capitalization increased by 4.6%, surpassing $4.07 trillion.<\/p>\n

Traditional financial instruments also reacted to the Fed chair’s speech with green candles. The S&P 500 index gained<\/a> nearly 1.6% from the start of the trading session. Gold prices momentarily reached $3378.<\/p>\n

\"XAUUSD_2025-08-22_19-17-57_cr\"
15-minute XAU\/USD chart from Pyth Network. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

Bitcoin began its recovery<\/a> after falling to around $112,000 even before the Fed chair’s speech.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market responded positively to remarks by Fed Chair Jerome Powell. The head of the regulator hinted at a potential interest rate cut in September.<\/p>\n","protected":false},"author":1,"featured_media":26405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The cryptocurrency market responded positively to remarks by Fed Chair Jerome Powell, hinting at a potential interest rate cut.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1249],"class_list":["post-26404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-federal-reserve-system"],"aioseo_notices":[],"amp_enabled":true,"views":"365","promo_type":"1","layout_type":"1","short_excerpt":"The cryptocurrency market responded positively to remarks by Fed Chair Jerome Powell, hinting at a potential interest rate cut.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26404"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26404\/revisions"}],"predecessor-version":[{"id":26406,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26404\/revisions\/26406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26405"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}