Bitcoin, Ethereum, XRP, Dogecoin Explode Higher After Dovish Powell Speech
Posted On August 22, 2025
Cryptocurrencies rallied on Friday after Federal Reserve Chair Jerome Powell hinted at possible September interest rate cuts, fueling optimism across digital assets.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $117,071.34 |
| Ethereum | (CRYPTO: ETH) | $4,772.59 |
| Solana | (CRYPTO: SOL) | $196.27 |
| XRP | (CRYPTO: XRP) | $3.05 |
| Dogecoin | (CRYPTO: DOGE) | $0.2372 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001327 |
Notable Statistics:
- Coinglass data shows 151,561 traders were liquidated in the past 24 hours for $635.67 million.
- SoSoValue data shows net outflows of $194.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $287.6 million.
- In the past 24 hours, the top gainers include Morpho (CRYPTO: MORPHO), Aerodrome Finance (CRYPTO: AERO) and Ethereum Classic (CRYPTO: ETC).
Notable Developments:
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