Bitcoin Soars to $117 on Expectations of Interest Rate Cut

• Bitcoin rises on bets on lower interest rates
• Powell strikes cautious tone in Jackson Hole
• Cryptocurrencies react to Federal Reserve policy

Jerome Powell's speech at the Jackson Hole symposium brought relief to the markets, pushing Bitcoin's price to around $117.200, up 4% in the last 24 hours. Analysts interpreted the Federal Reserve chairman's more cautious tone as a sign of a possible interest rate cut at the meeting scheduled for September.

BTC's appreciation comes after days of negative pressure. Before the speech, the digital asset had fallen below $112, reflecting investors' defensive stance in the face of uncertainty. Ethereum, meanwhile, fell more than 4% in the same period but also rose again with the calmer market climate.

The speech's content was received as an "implicitly dovish" move, reinforcing the idea that the Federal Reserve is more willing to consider economic data before making new decisions, without adopting an aggressive monetary tightening stance. Powell emphasized the importance of flexibility in monetary policy, which was enough to restore some confidence among traders and analysts.

This type of signaling tends to increase market liquidity and increase risk appetite, which favors capital flows into the cryptocurrency sector. DeFi platforms, stablecoins, and asset tokenization projects tend to benefit from a macroeconomic environment with lower interest rates.

Still, experts warn that Powell maintained a data-driven approach, without making a direct commitment to rate cuts. This means that further movements in digital asset prices are likely to remain tied to economic updates and the Federal Reserve's own communications in the coming days.