2024-08-24 11:56:00

Buy #Bitcoin Funds After Powell's Speech

Yesterday, Jerome Powell spoke at a conference in Jackson Hole, stating in plain text that: "It's time to change Fed policy" and stating that he is ready to lower interest rates in September. Against this backdrop, BTC recorded a 5% growth and its price almost reached $65,000. The fund also contributed to the growth of BTC, sending $252 million to the ETF on Friday.
🚀 Analysts at 21Shares note that in March 2020, when the Fed cut interest rates by 1.50% to near-zero, the total crypto market capitalization grew by 450% by year-end, and the price of BTC rose by 200% during the same period.
🪙 Solana TVL has a total of 34.9 million SOL. It is equivalent to $5.2 billion, the highest since October 2022 and up 13.7% from the previous month.
💵 According to CryptoQuant, the stablecoin market has reached a new record high of $165 billion in a week. This often correlates with the rise of #BTC, as it indicates an influx of capital.

BTC3,53%

SUKU1,63%

SOL2,01%

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