Bitcoin and Ethereum prices climbed to intraday highs on Aug. 22, 2025, after Federal Reserve Chair Jerome Powell hinted at the possibility of interest rate cuts during his Jackson Hole address.
Bitcoin and Ethereum Surge to Intraday Highs Amid Fed Rate Cut Signals
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The two leading cryptocurrencies rallied alongside growing optimism for a potential September policy shift, with Powell calling the move timely in light of economic data. Bitcoin advanced 3.9% to reach $117,421 on Bitstamp, reflecting stronger investor confidence and pushing daily turnover up 15.3% to $69.13 billion.
Ethereum stole the spotlight with a 14% jump to $4,849 on Deribit, putting it within striking distance of its 2021 all-time peak of $4,874. Stocks joined the party too, with the Dow, S&P 500, and Nasdaq all gaining on the news. Trading volumes leapt higher, signaling a renewed appetite for risk assets as investors anticipate easier borrowing conditions ahead.
