Oracle network Chainlink’s (LINK) native token sharply rebounded with the broader crypto market following Federal Reserve Chair Jerome Powell’s dovish remarks in Jackson Hole, Wyoming.

LINK rallied 12% over the past 24 hours, hitting $27.8, its strongest price since December. Bitcoin BTC$115,244.11 appreciated 3.5% during the same period, while the broad-market CoinDesk 20 index jumped 6.5%.

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Author: Krisztian Sandor