Bullish Market Bounce
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- ✂️ Jerome Powell Gets Ready to Cut Interest Rates. At a Jackson Hole summit, Powell signaled it would soon be time to cut rates.
- 🚀 Sony Introduces Soneium Ethereum L2. It's one of the biggest mainstream names to launch its own chain this cycle.
- 🇮🇳 WazirX Starts Rupee Withdrawals Following Major Hack. Crypto withdrawals are still unable to be processed after the disastrous attack.
📸 Daily Market Snapshot: Markets finally got their long-awaited signal from Fed chairman Powell that interest rate cuts are coming. The news sent markets climbing higher, with BTC pushing toward $64K and ETH climbing over $2,750.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.24T | ↗ 4.9% | ↗ 7.7% |
|
BTC $63,690 | ↗ 4.0% | ↗ 7.4% |
|
ETH $2,755 | ↗ 5.1% | ↗ 5.5% |
|
APT $7.15 | ↗ 11.0% | ↗ 20.2% |
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