Bitcoin (BTC) and the crypto market rebounded on Friday following Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole Economic Symposium, hinting at a possible rate cut due to the weakening labor market. The crypto market saw a recovery on Friday, driven by Jerome Powell's dovish address at the Jackson Hole Economic Symposium, overturning hawkish market expectations. Powell hinted that the central bank could begin lowering rates if the labor market poses an economic risk. "Preemptive action likely would be warranted should a tight labor market pose a risk to price stability," Powell said on Friday ... (full story)