Crypto traders had been preparing in recent days for a more-hawkish tone from Fed Chair Jerome Powell's highly anticipated speech in Jackson Hole.

The Crypto Fear and Greed Index returned to "Greed" levels on Saturday following Federal Reserve Chair Jerome Powell hinting at a possible rate cut in the future.

Fed chair's dovish pivot sends crypto markets flying, with Ethereum, Solana, and Dogecoin leading the altcoin rally.

Volmex's one-day implied volatility index (BVIV1D) has increased to an annualized 49% as of writing, the highest since May 26, according to data source TradingView. That equates to a 24-hour price swing of 2.5%. That's slightly higher than the average daily move of 1.18% over the past 30 days.

Arthur Hayes discusses his Ethereum price prediction, suggesting a retest of $4,000 if Powell delivers hawkish remarks at Jackson Hole.

Ethereum treasuries soar on dovish Fed signals, Bitcoin ETFs lose $1B, and Figure Technologies files for its IPO.

Fed Chair Jerome Powell’s dovish Jackson Hole remarks boosted Wall Street optimism, with Tom Lee forecasting an S&P 500 rally, tech and crypto gains, and Ethereum’s central role in future financial innovation.

Historically, Powell’s remarks at Jackson Hole have triggered sharp market moves: hawkish tones have lifted the dollar and weighed on equities, while dovish guidance has sparked rallies in stocks and crypto.