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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin Tests $116,000, Ethereum Tops $4,600, XRP Hits $3 On Powell's Rate Cut Hints

Bitcoin Jerome Powell Ethereum XRP Ted Pillows Galaxy
Coin,Bitcoin,,Eth,And,Xrp,On,Background,Cryptocurrency,Trading,Chart

Federal Reserve Chair Jerome Powell has signaled openness to potential interest rate cuts in September, fueling bullish momentum in crypto markets.

Powell acknowledged ongoing challenges for the U.S. economy, citing persistent inflation risks and concerns in the jobs market.

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