{"id":27555,"date":"2024-08-23T17:46:59","date_gmt":"2024-08-23T14:46:59","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27555"},"modified":"2024-08-23T17:46:59","modified_gmt":"2024-08-23T14:46:59","slug":"bitcoin-surges-past-62000-following-powells-remarks","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-surges-past-62000-following-powells-remarks\/","title":{"rendered":"Bitcoin Surges Past $62,000 Following Powell’s Remarks"},"content":{"rendered":"

The cryptocurrency market experienced a boost in risk appetite following comments from Jerome Powell, Chair of the U.S. Federal Reserve. Bitcoin surged above $62,000, while Ethereum approached $2,700.<\/p>\n

The announcement by Powell<\/a> led to a notable upswing in the crypto markets. He hinted that it might be time to adjust monetary policy, delivering dovish signals.<\/p>\n

\n

You might like:\u00a0Major Transfers in Corporate Whale and Tether<\/em><\/strong><\/a><\/p>\n<\/blockquote>\n

Powell indicated that the timing and pace of interest rate cuts will depend on forthcoming data, and he noted a reduction in inflationary risks.<\/p>\n

Powell\u2019s comments sparked increased enthusiasm for riskier assets. Bitcoin, which started the day around $60,300, peaked at $62,320 during Powell\u2019s speech. Ethereum tested the $2,700 mark.<\/p>\n

As of 5:24 PM, Bitcoin had risen by 2.30% to approximately $61,861, while Ethereum was up 2.2%, trading at $2,680.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market experienced a boost in risk appetite following comments from Jerome Powell, Chair of the U.S. Federal Reserve. Bitcoin surged above $62,000, while Ethereum approached $2,700. The announcement by Powell led to a notable upswing in the crypto markets. He hinted that it might be time to adjust monetary policy, delivering dovish signals.<\/p>\n","protected":false},"author":1,"featured_media":25053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,60,105,640,2297],"class_list":["post-27555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-btc","tag-ethereum","tag-fed","tag-powell"],"yoast_head":"\nBitcoin Surges Past $62,000 Following Powell's Remarks - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-surges-past-62000-following-powells-remarks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Surges Past $62,000 Following Powell's Remarks - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency market experienced a boost in risk appetite following comments from Jerome Powell, Chair of the U.S. Federal Reserve. 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