Breaking: Crypto Market Turns Bullish After U.S. Fed Chair Jerome Powell's Speech At DC

The crypto market witnessed a significant uptick on Tuesday after Federal Reserve Chair Jerome Powell answered macroeconomic questions pertaining to the United States at the Economic Club of Washington. The statements made by the Fed Chair have elicited a favorable response from the financial markets, as seen by the 0.65% increase in the S&P 500 Index. In contrast, the ever-volatile digital assets market witnessed a 0.66% gain with the market cap hitting the $1.08 trillion mark.