Crypto markets experienced volatility overnight as bitcoin and ether tumbled before recovering to trade 15% higher than their Wednesday lows.
Sentiment reversed after U.S. Federal Reserve Chair Jerome Powell's dovish FOMC speech, leading to a jump in BTC, ETH, and other major tokens, particularly those of layer-2 platforms and meme coins.BTC and ETH rose as much as 11% in the past 24 hours, leading gains among major tokens. Solana's SOL, Cardano's ADA and BNB Chain's BNB added as much as 8%, data from CoinGecko shows.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: