Ether notches first new record since 2021 after Powell speech teasing rate cuts
The second-largest cryptocurrency surged 15% late Friday, rising as high as $4,885.00 and surpassing its November 2021 record of $4,866.01. The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The moves came during Powell's annual address from Jackson Hole, Wyoming. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjust