As global financial markets braced for the latest signals from the U.S. Federal Reserve, Bitcoin delivered a jolt of its own. In the early hours of August 23, 2025, the world’s most prominent cryptocurrency surged past 116,000 Thai Baht per unit, rebounding sharply from a six-week low. This sudden upswing followed a pivotal speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium—a moment that sent ripples through the digital asset space and beyond, according to reporting by Cointelegraph.
The annual Jackson Hole gathering, renowned for telegraphing future monetary policy, lived up to its reputation. Powell’s remarks struck a notably dovish tone, hinting at potential adjustments to the Fed’s monetary stance. He referenced current inflation and labor market trends, stating that it might be “necessary to adjust” the Fed’s approach. That single turn of phrase was enough to ignite a rally in risk assets, with cryptocurrencies leading the charge and the U.S. dollar weakening in response.
Within minutes of Powell’s speech, Bitcoin’s price leapt by more than 2%, helping the digital currency recover from a recent low of 111,658 Baht—the lowest level since July 10. By mid-morning, Bitcoin was trading above 116,000 Baht, buoyed by renewed optimism and technical signals that had been flashing bullish for attentive traders.
Notably, the Relative Strength Index (RSI) indicator for Bitcoin had entered oversold territory on several timeframes—four, six, and even twelve hours—just as Powell’s words hit the market. This convergence of technical and fundamental factors caught the attention of seasoned market watchers. Scott Melker, a prominent trader and host of the “Wolf of All Streets” podcast, commented before Powell took the stage, “Bitcoin is showing bullish divergence again, along with RSI entering oversold in the 4-hour and 6-hour windows, maybe even 12-hour or daily. Everything is at the major support of 112,000 Baht. Anything can happen, but it’s always interesting when strong signals line up with major news events.”
Other analysts echoed this sentiment. Daan Crypto Trades, a well-known figure in the trading community, observed on X (formerly Twitter), “A good bounce from the bottom of the range after Powell’s dovish signal. Today will remain volatile.” Meanwhile, TheKingfisher, another respected analyst, noted that Bitcoin had already swept up significant bid liquidity during its descent to the lows—creating conditions ripe for a sharp reversal once the news broke.
Market participants quickly recalibrated their expectations for U.S. monetary policy. The CME Group’s FedWatch Tool, a widely referenced barometer, reflected a growing consensus that the Federal Reserve would cut interest rates by 25 basis points at its September meeting—a move that would further ease financial conditions and, potentially, fuel additional gains in riskier assets like cryptocurrencies.
This flurry of activity in the crypto markets unfolded against a backdrop of broader economic uncertainty and debate. On August 22, the Thai news program “คุยให้คิด” (“Talk to Think”) aired a special segment dissecting the Fed’s interest rate decision and its global ramifications. The panel, featuring media veterans Suthichai Yoon, Veera Theerapat, and Wisut Komvachirapong, delved into the intricacies of economic policy, inflation control, and the future direction of monetary policy. They noted that the interest rate had been set at 2.25%, reflecting an increase of 0.68%—a development that underscored the challenges central banks face in balancing growth and inflation.
The program, broadcast from 21:30 to 22:30 local time on Thai PBS and later published on August 23, offered viewers a comprehensive look at how Fed decisions reverberate well beyond U.S. borders. The hosts posed pointed questions about what the Fed’s next moves might mean for the Thai economy, for global capital flows, and for ordinary investors. Would a pivot toward lower rates spark a new wave of risk-taking? Could it help stabilize inflation, or would it unleash fresh volatility?
These questions aren’t just academic. For traders and policymakers alike, the interplay between U.S. monetary policy and global markets is a high-stakes game. When Powell hinted at a softer stance, it wasn’t just Wall Street that took notice—crypto traders, emerging market investors, and central bankers around the world scrambled to reassess their positions. The fact that Bitcoin responded so swiftly and dramatically underscores how interconnected these financial systems have become.
Of course, the cryptocurrency market is no stranger to volatility. Over the past decade, Bitcoin has repeatedly shown its capacity for jaw-dropping rallies and stomach-churning drops—often in response to macroeconomic cues. Yet the events of August 23, 2025, stand out for the speed and clarity with which a single policy signal translated into market action. It’s a vivid reminder that, in today’s digital age, information moves at lightning speed—and so do asset prices.
For Thai investors, the implications are significant. The rapid appreciation of Bitcoin against the Baht not only reflects global trends but also highlights the growing role of digital assets in local portfolios. As traditional currencies and interest rates fluctuate, cryptocurrencies are increasingly seen as both a hedge and an opportunity—albeit one fraught with risk.
Looking ahead, much hinges on what the Federal Reserve does next. The consensus, as captured by the CME Group’s FedWatch Tool, points toward a 25 basis point cut in September. If that materializes, it could mark the start of a new chapter in the post-pandemic monetary saga—one where lower rates fuel risk appetite and, perhaps, further gains for assets like Bitcoin.
But as always, the road ahead is anything but certain. As Scott Melker put it, “Anything can happen.” For now, though, the message from markets is clear: When the world’s most powerful central bank signals a change of course, investors everywhere—crypto enthusiasts included—sit up and take notice.
In the end, the events of August 23 serve as a potent illustration of how monetary policy, technical analysis, and market psychology can collide to produce outsized moves in today’s interconnected financial landscape. Whether this marks the beginning of a sustained rally or just another twist in the ongoing saga remains to be seen, but for now, all eyes are on the Fed—and on Bitcoin’s next move.
