Global markets are watching the speech of Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium held in Wyoming, the United States, last Friday.

In his speech, Powell sent a dovish message, saying that the time has come for a rate cut. After this speech, which indicated that a rate cut would be made in September and the monetary easing cycle would begin, the crypto market also broke through the $60,000 resistance level and rose to $61,000.

In addition, Bitcoin-based investment products, including spot Bitcoin ETFs, set a 5-week record with an inflow of $543 million.

Kafkas Sonmez, CEO of Gate.TR, assessed the latest developments in the market and said: "Investors have been waiting for convincing information, and this impact is not only reflected in the stock market, but also in cryptocurrency-based investment products.