BNB and ETH Shatter All-Time Highs as BTC Soars Post-Powell Speech: Weekend Market Surge
Crypto markets erupt after Powell's remarks fuel bullish momentum across major digital assets.
BNB and ETH Break Records
Both tokens smashed previous price ceilings—BNB's rally pushed it into uncharted territory while ETH followed suit with its own historic climb. The dual breakout signals robust institutional confidence despite ongoing regulatory ambiguity.
Bitcoin Joins the Party
BTC didn't just watch from the sidelines—it catapulted upward post-speech, proving once again that traditional finance cues still move digital markets. Powell's words became rocket fuel for the entire crypto complex.
Weekend Trading Frenzy
Volume spikes suggest traders are betting this isn't just a flash in the pan. The weekend surge defied typical low-liquidity patterns—because nothing says 'healthy market' like volatile weekend pumps fueled by central bank commentary.
Another reminder that crypto still dances when traditional finance snaps its fingers—but at least we're dancing to new all-time highs.
BTC Soared to Over $117K
The days leading to the event were quite grim, to say the least. Bitcoin opened the business week with an immediate price drop that drove it from over $118,000 to $115,000. Although the bulls tried to stage a quick recovery, BTC was stopped at $117,000 and driven south even harder to under $113,000 by Wednesday and Thursday.
The landscape worsened on Friday, hours before the Jackson Hole event. BTC dived once more, this time to its lowest position since early July of under $111,700.
As Powell took the stage, though, the situation started to change quickly. Although he didn’t confirm that there WOULD be rate cuts in September, his statements were regarded as positive for future reductions, and BTC skyrocketed within minutes to over $117,000.
It has lost some traction since then and now sits below $116,000; it’s still over 2% up on the day. Its market cap is above $2.3 trillion, but its dominance over the alts has taken another hit and is down to 56.5%.
ETH, BNB to New ATHs
Perhaps the most significant beneficiary of Powell’s speech from the larger-cap alts was Ethereum. The second-largest cryptocurrency had dipped below $4,200 earlier in the day but went on a massive roll, taking it to a new all-time high of roughly $4,900 (although CoinGecko hasn’t confirmed this, it occurred on most exchanges).
Binance Coin is another alt that shot up and tapped a new peak of $900. SOL has gained 10%, ADA is up by 7%, Doge by 9%, SIU by 9%, XLM by 5.5%, and AVAX has shipped by 9%. XRP has reclaimed a crucial resistance of $3.00.
With most other altcoins charting notable gains, it’s no wonder that the total crypto market cap has added over $200 billion since yesterday’s low and is close to $4.1 trillion on CG.
