The crypto market rallied greater than 4% to reclaim the $4 trillion mark after Federal Reserve Chair Jerome Powell signaled that US rates of interest could possibly be lowered in September.
In his speech on the Jackson Gap symposium in Wyoming, Powell stated:
“The baseline outlook and the shifting steadiness of dangers might warrant adjusting our coverage stance.”
Following the speech, the percentages of the Federal Reserve reducing its rate of interest spiked to round 90%, in line with knowledge from the CME Fedwatch software.
Thomas Lee, Chief Funding Officer at Fundstrat, described Powell’s tone as dovish and stated the shift would probably help small-cap shares and main cryptocurrencies like Bitcoin and Ethereum.
Ethereum leads market rally
Because of this, Bitcoin’s worth jumped greater than 3% throughout the final 24 hours, climbing to roughly $117,000 as of press time, in line with knowledge from CryptoSlate.
Different main tokens, together with Ethereum, BNB, XRP, Solana, and Dogecoin, adopted BTC’s lead and superior greater than 7% throughout the similar timeframe. ETH is buying and selling at greater than $4650 as of press time.
In the meantime, the standard markets additionally reportedly rallied. The S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Common rose by round 2% every on the information.
On the similar time, the US greenback weakened towards gold and different main property, reflecting traders’ anticipation of simpler financial situations.
Leveraged merchants face $553 million losses
The rally inflicted vital injury on leveraged merchants positioned towards crypto costs.
Information from Coinglass reveals that greater than $553 million in positions had been liquidated over the previous 24 hours. Brief sellers accounted for many of the wipeouts, dropping $308 million, whereas lengthy positions shed about $325 million.
Ethereum noticed the biggest share of liquidations, with $251 million erased. Bitcoin adopted with $102 million, whereas XRP and Solana posted losses of $17 million and $30 million, respectively.
The dimensions of those liquidations displays how tightly crypto markets stay linked to US financial coverage.
If the Fed proceeds with a charge minimize in September, liquidity may increase additional, strengthening the case for danger property and increasing the present momentum.
Bitcoin Market Information
On the time of press 5:16 pm UTC on Aug. 22, 2025, Bitcoin is ranked #1 by market cap and the value is up 3.2% over the previous 24 hours. Bitcoin has a market capitalization of $2.32 trillion with a 24-hour buying and selling quantity of $74.9 billion. Study extra about Bitcoin ›
Crypto Market Abstract
On the time of press 5:16 pm UTC on Aug. 22, 2025, the whole crypto market is valued at at $4.01 trillion with a 24-hour quantity of $204.9 billion. Bitcoin dominance is presently at 57.88%. Study extra in regards to the crypto market ›
