The US dollar index fell below 101, and gold once again hit $2,500.

This time Powell's dovish remarks are the first in history. 'The time is ripe for the Fed to cut interest rates, and it does not want the labor market to cool down further.'

Market interpretation: The Fed's interest rate cut in September will be a foregone conclusion, and a 50 basis point rate cut will become a high probability event.

If the interest rate is cut by 50 basis points, it will exceed market expectations, which will bring significant benefits to the market, especially cryptocurrencies!