CRO Skyrockets, ETH Crashes Post-ATH, and BTC Battles $110K: Your Weekly Crypto Recap

We publish these weekly overall recaps each Friday, and a lot happened just hours after our previous one. At the time, bitcoin’s price had just retraced to under $112,000 after a week of downward pressure in anticipation of Jerome Powell’s speech from Jackson Hole.

As the Fed Chair hinted about potential rate cuts as soon as September, BTC reacted with an immediate surge that drove it north by over five grand to over $117,000. Most altcoins followed suit, including ETH, which finally broke its previous all-time high and set a new one at around $4,900.