Crypto wrap Aug. 22: Bitcoin jumps to $117k and ETH gains 11% as Powell speech sparks rally

Bitcoin price jumped over 3% to rise from around $113,000 to trade above $117,000, with the cryptocurrency market’s reaction to remarks by Federal Reserve chair Jerome Powell sent risk assets skyrocketing. After declining amid sell-off pressure, the global crypto market cap jumped 4% to reclaim the $4 trillion mark. Top altcoins Ethereum, XRP and BNB […]