BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, TON By Cointelegraph

Federal Reserve Chair Jerome Powell spoke on Aug. 25, and in his Jackson Hole speech, he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed. The remarks by Powell strengthen the narrative that interest rates are likely to remain higher for longer.

However, a positive sign is that after a brief sell-off, the United States equities markets recovered from their intraday lows. With the event having passed without any major price movement, traders are back to guessing as to what could move the markets next.