Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium has sparked renewed momentum in crypto markets, with Bitcoin trading near $115,800, up around 2% in the last 24 hours. This increase follows Powell's cautious optimism and implicit dovish stance regarding monetary policy, as investors express renewed interest ahead of a pivotal Federal Reserve meeting in September. Prior to the speech, markets had retrenched, with BTC dipping below $112,000. Powell's tone, emphasizing flexibility and reliance on data, offered reassurance, triggering a modest relief rally. The anticipation of interest rate easing typically augments liquidity and investor risk appetite, potentially leading to increased capital inflows into DeFi platforms and Web3 development. However, market observers warn that any further surges in crypto valuations will depend significantly on forthcoming economic data and the Federal Reserve's communication. Thus, it remains a crucial time for the crypto sector as it reacts sensitively to central bank policy shifts.

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