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Bitcoin recovers from a travel to six-week lows arsenic Fed Chair Jerome Powell gives beardown "dovish" clues implicit wherever involvement rates volition caput successful September.
Key points:
Bitcoin returns to $116,000 aft gaining implicit 2% successful minutes acknowledgment to “dovish” comments from Fed Chair Jerome Powell.
Powell’s Jackson Hole code cemented the likelihood of an interest-rate chopped adjacent month.
Risk assets and crypto roseate immediately, portion US dollar spot fell.
Bitcoin (BTC) spiked to $116,000 connected Friday arsenic the US Federal Reserve hinted that it would chopped involvement rates.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin terms rebounds from 6-week lows connected Fed
Data from Cointelegraph Markets Pro and TradingView followed volatile BTC terms enactment arsenic Fed Chair Jerome Powell delivered a argumentation speech.
Powell took to the signifier astatine the yearly Jackson Hole economical symposium — traditionally an accidental to hint astatine upcoming argumentation moves.
The existent concern with ostentation and the labour market, helium said, “may warrant adjusting” the Fed’s monetary argumentation stance.
Markets instantly reacted, with crypto and hazard assets jumping portion US dollar spot tumbled.
BTC/USD gained implicit 3%, helping assistance the brace from section lows of $111,658 — its lowest level since July 10.
“Good bounce from the scope debased expanse connected the backmost of a dovish Powell. Going to stay volatile for the remainder of the day,” fashionable trader Daan Crypto Trades wrote successful a absorption connected X.
BTC/USD four-hour chart. Source: Daan Crypto Trades/XCommentator TheKingfisher noted that the terms had taken bid liquidity during the travel to the lows.
$BTC High leverage liquidation representation from this greeting (5:40 ago) cleared 🎯 pic.twitter.com/22hlJiCMyV
— TheKingfisher (@kingfisher_btc) August 22, 2025“Bitcoin is showing bullish divergence (again) with oversold RSI connected the 4-hour... and 6-hour. Maybe the 12-hour. Maybe the daily. All astatine cardinal $112K support,” trader, expert and podcast big Scott Melker, known arsenic the “Wolf of All Streets,” continued conscionable earlier Powell began speaking.
“Anything tin happen, but ever absorbing erstwhile precise beardown signals look successful alignment with quality events.”
BTC/USD four-hour illustration with RSI data. Source: Scott Melker/XPowell “setting the stage” for caller complaint cut
Considering the implications of Powell’s prime of words, marketplace participants were skewed successful favour of the Fed cutting involvement rates astatine its upcoming gathering successful September.
Related: Bitcoin won’t spell beneath $100K ‘this cycle’ arsenic $145K people remains: Analyst
“It appears Fed Chair Powell is mounting the signifier for a September complaint cut,” trading assets The Kobeissi Letter summarized.
Kobeissi suggested that the Fed would chopped by 25 ground points, a presumption echoed by marketplace expectations from CME Group’s FedWatch Tool.
Fed people complaint probabilities for September FOMC gathering (screenshot). Source: CME Group FedWatch ToolAs Cointelegraph reported, uncertainty had antecedently reigned implicit the September result arsenic Powell stuck by his hawkish code amid rising inflationary cues and uncertainty implicit US commercialized tariffs.
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