The Chair of the Federal Reserve, Jerome Powell, has hinted at a possible interest rate reduction in September, leading to positive momentum in the cryptocurrency markets. Powell recognized the current challenges facing the U.S. economy, including persistent inflation risks and job market concerns. This cautious stance has generated hope among investors in digital assets, who see an opportunity for growth in cryptocurrencies. The current prices for some major cryptocurrencies are as follows: Bitcoin (BTC) at $116,518.85, Ethereum (ETH) at $4,629.78, Solana (SOL) at $194.00, XRP at $3.02, Dogecoin (DOGE) at $0.2311, and Shiba Inu (SHIB) also at $0.2311. Analysts point out that despite significant fluctuations in market sentiment, Bitcoin remains at a similar level to last week after hitting an all-time high. For more details, the full article can be found on Benzinga.com.