Crypto-related equities experienced significant gains on August 22, 2025, following remarks from Federal Reserve Chair Jerome Powell regarding potential interest rate cuts in September. Circle's stock surged 7%, while eToro and Marathon Digital gained 6%, and Coinbase rose 5%. MicroStrategy, which has substantial Bitcoin holdings, increased by 4%, and Robinhood saw a 3% rise. Powell's comments marked a shift in sentiment after previous investor doubts about the Fed's action timeline. Despite ongoing inflation and labor market concerns, Powell noted that the economic balance is evolving, which reassured markets about the possibility of rate cuts. This rally reflects the close relationship between crypto assets and expectations surrounding U.S. monetary policy, as lower interest rates often foster increased risk-taking in speculative markets.

Source đź”—