Jerome Powell Could SHOCK The Crypto Market In The Next 24 Hours

Market Overview - The market has been selling off, with some altcoins down over 20% [2] - Bitcoin and Ethereum need to regain strength for the market to bounce [3][4] - The overall market cap is at $385 trillion [5] - The Bitcoin fear and greed index is at 46, indicating fearful levels [6] Fed Rate Cut Expectations and Impact - The Fed rate cut could be a catalyst to impulse the market out of the lows [4][5] - Retail investors believe there's a 57% chance of a Fed rate cut in September [18] - CME Group indicates a 753% chance of a rate cut in September, 875% in October, and 967% in December [20] - When the Fed cuts interest rates near stock market all-time highs, the S&P 500 has historically finished higher over the next 12 months [22] - Lower interest rates could cause a surge across markets, including real estate [25][26] Bitcoin and Ethereum Analysis - Bitcoin needs to maintain daily closes over $1124 thousand [11] - A daily close over $115 thousand for Bitcoin would signal a bottom, targeting $1175 thousand next [12][13] - Ethereum is following Bitcoin, needing a 4-hour close over $44 thousand [15][16] Jerome Powell's Speech - Jerome Powell's speech is a major focus, providing insight into the Fed's next move [17][19] - The market's reaction to the speech will indicate whether a rate cut in September is expected [30] - Historically, the stock market's performance around Jerome Powell's Jackson Hole speeches has varied [27][28]