Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
Bitcoin and traditional markets at least initially have moved sharply higherAfter a long wait, central bank rates in the U.S. now appear certain to be headed lower in September after Jerome Powell said the"time has come" for an easing in monetary policy.at the Kansas City Fed Jackson Hole Symposium."The labor market has cooled considerably from its formerly overheated state," he continued."We do not seek or welcome further cooling in labor market conditions.
Though markets fully expected Powell to indicate that a rate cut was coming at the Fed's September meeting, the tone of his remarks likely leaned a bit more dovish than anticipated. In the minutes following the release of his speech, bitcoin
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