Bitcoin News Today: The Ether (Ether) is likely to raise $ 5K, BTC eyes recorded a high rally of Powell Sparks; Watch Deal Dangers in DAT: Asset Managers
Cryptocurrencies advanced late this Friday after Federal Reserve President Jerome Powell struck a slippery tone In the Jackson Hole Economic Symposium, the decline in market expectations for a more hawkish bearing. That prompted asset managers to call for new all-time highs for Bitcoin Ether (Et) and choose the altcoins.
What did Powell say?
In one of his most important speeches, Powell suggested that the labor market could benefit from lower borrowing costs, which held the benchmark interest rate stable at 4.25% in eight months.
“The downside risks at work are rising,” Powell told prepared comments for his main speech at the Jackson Hole Symposium, adding that the possibility of President Donald Trump’s tariffs that there was a short life impact on inflation was “justified.”
“Through the territorial restriction policy, the view of the baseline and the transfer of the risk balance can be a word of adjusting our policy policy,” he said.
Cryptocurrencies and stocks increased, and the September’s possibility of being cut by the September rate led to 90% following speech. Most analysts expect the momentum to continue in the early days.
Analysts see new highs for BTC and ETH above $ 5k
Analysts at Monarq Asset Management expect that Ether prices will increase above $ 5,000 in the coming days.
“We are maintaining our general bullish stance. The internal in the market remains constructive, with minimal signs of over heating and, as you point, a clear path to new hours high in both BTC and ETH,” Sam Gaer, chief investment officer of the Monarq Asset Management’s direction, told CoinDesk.
“Our home view is the Dovish Pivot of Powell is to –Clear the way for $ 5,000+ in the near term (Nor is the hardest call to do). Demand from Treasury vehicles should rise in the fall as many of the deals announced this summer or de-spac, in addition to the ongoing institutional and retail flow, “Gaer added.
Ethereum’s native ether token earned about 10% to 24 hours, hitting record highs of over $ 4,800. As of writing, it changed hands to $ 4,700, according to CoinDesk data. Meanwhile, market leader Bitcoin was exchanged near $ 115,600, which dropped slightly from overnight up to $ 117,400.
Data from the options listed in the derivit show that the Ether rally has caused a modified demand for the reversal bet, or call options. At the time of press, the returns at risk were positive for all the tenors, indicating the relative -child wealth of calls. Feelings are not very bullish with BTC options.
Gaer said over-the-counter tables and market manufacturers are experiencing a stronger demand for ETH compared to BTC, suggesting that Ether can exceed ahead.
That said, the BTC also looks strong on its own. “The BTC’s pullback from ATH is ~ 9.6% – less than the previous drawdowns this year – indicating strong demand, such as evidence of the accumulation of the wallet wallet around the $ 113K level,” Gaer said.
Spencer Yang, in charge of BlockSpaceforce’s partner, a crypto advisory company, said more rates on the rate that could occur after September, ensuring that momentum reaches well by the end of the year.
“We are fully expecting the rates to take place in September. This will be the first cut since Trump became president this year. This is significant, and many more will come,” said Yang, who calls new highs in the crypto market.
“The Major 5 we pay attention to: BTC, ETH, BNB, Sol, Link. It will be good to be given different parts of the crypto industry that their impact is,” Yang added.
Focus on ETF flows
Steve Lee, co-founder and management partner in neoclassic capital and investor in the blocktower capital, called Dovish’s Dovish turn is a short-term developing development for cryptocurrencies while emphasizing the importance of continuing flow to Bitcoin and Ether spot ETF.
“I see it as a short time, and it can help reverse the sale of this week. The main question is whether this momentum is more out of the low-liquid weekend. Since BTC and ETH price action is increasingly pushing the institution to be driven, the spot ETF flowing today and Monday will be a strong indicator if we are being cared In CoinDesk.
Lee featured Base, Monad, Story, and SUI as major interest projects that he is about to monitor his capacity as a stage capitalist.
Meanwhile, Gaer, favors Solana and the Sol Ecosystem, including high-beta solokens such as Jito and Jup. Raydium and pump on both a “primary and forward-demand basis.”
Potential headwinds
While Powell’s Dovish Stance has set the stage for a rally, merchants should remain careful about potential pitfalls from corporate treasury cryptocurrency adoption and volatility in equity markets.
“Digital Asset Treasury (That) is an innovative vehicle for investors in the public market to gain exposure to the digital asset space. However, we began to see the quality of DAT deals – from banking relationships, compliance, management team, and dealings to the structure of the deal – collapse, showing the early signs of a ‘bubble, “Lee said.
The approach listed in Naqsdaq began with this trend of Corporate BTC adoption in 2020. Since then, more than 100 publicly listed a total of 984,971 BTC, according to the data source of Bitcoin Treasury.
“The trend may continue, but it is clear that the risks associated with it are not ignorable,” Lee added.
Gaer called for closely monitoring the risks from a super -hot equity market and “potential for macro or geopolitical shocks.”
