🤑 Funds Buy #Bitcoin After Powell's Speech

Yesterday, Jerome Powell spoke at the conference in Jackson Hole, who said in plain text that: "It's time to change the Fed's policy" and stated that he was ready to lower rates in September. Against this background, BTC recorded a growth of 5% and the price almost broke through $ 65 thousand. Funds also helped BTC's growth, sending $ 252 million to ETFs on Friday.

🚀 Analysts at 21Shares noted that in March 2020, when the Fed cut rates by 1.50% to near zero, the total crypto market cap grew by 450% by the end of the year, and the price of BTC rose by 200% over the same time period.

🪙 Solana TVL holds a total of 34.9 million SOL. That 's $5.2 billion, the highest since October 2022 and up 13.7% from the previous month.

💵 According to CryptoQuant, the stablecoin market has reached a new all-time high of $165 billion in a week. This often correlates with the rise of #BTC , as it means an influx of capital.