Jerome Powell’s Federal Reserve Preparation System Surveyed on Friday after hitting the pigeon tone at the Jackson Hole Economic Symposium. As a result, asset managers have called for a new all -time high of Bitcoin. ether (ETH) Select Altcoins.
What Powell said?
One of his most important speeches, POWELL suggested that the loan costs with benchmark interest rates can be lowered at 4.25%for eight months.
POWELL added in a prepared statement on his keynote on Jackson Hole Symposium that “the disadvantage of employment is increasing.” The possibility of President Donald Trump’s tariffs in a short influence on inflation is “reasonable.”
“The policy of limited areas can guarantee that the change of standard prospects and risks can be adjusted to adjust the policy position.”
Cryptocurrencies and Stocks soared, and the probability of fed rate cuts in September increased to 90%after the speech. Most analysts expect that momentum will continue.
Analysts see a new high for BTC and ETH at more than $ 5K.
Analysts at Monarq Asset Management expects Ether’s price to rise more than $ 5,000 in the future.
Sam Gaer, the chief investment officer of the Directional Fund of Monarq Asset Management, said, “We maintain the overall strength. The inside of the market has little sign of overheating, as you pointed out, as you pointed out, as you pointed out, as you pointed out, and as you pointed out, “ETH’s new all -time highs,” he said.
“The view of my house is that POWELL’s Dovish Pivot has summarized more than $ 5,000 in the short term. (It is also not the most difficult phone). Gaer added that the demand for financial vehicles should increase due to the fall of many transactions this summer, as well as the system and retail inflow that many contracts announced later this summer, as well as the introduction of this summer.
Ether Lee’s Aboriginal token ether has already gained almost 10%in 24 hours and recorded more than $ 4,800. According to Coindesk data, I changed my hand to $ 4,700 when I wrote. Meanwhile, market leader Bitcoin was traded near $ 115,600 and slightly dropped from $ 117,400 overnight.
According to the data from the options listed in Deribit, Ether’s rally has triggered new demand for the uptrend or call options. In the press time, the risk reversal is positive over all tenor, suggesting a relatively rich call. Emotions were not so optimistic in the BTC options.
Gaer has been stronger than BTC, which suggests that Ether can be better in advance.
In other words, BTC also looked strong in itself. “ATH’s BTC fullback was much less than early this year,” Gaer said.
Spencer yang, a management partner of Blockspaceforce, a crypto treasury advisory FIRM, said that more interest rates can be reduced since September, which can expand the momentum by the end of the year.
“We expect interest rate cuts to occur in September. It will be the first cut since Trump became president this year.
YANG said, “Major 5, which takes on the BTC, ETH, BNB, SOL, and Link, will work well considering the various parts of the crypto industry they affect.
Focus on ETF flow
Steve Lee, co -founder and management partner of Neoclassic Capital, is called Powell ‘S DOVISH, investor of BlockTower Capital.
“I think this is a short -term constructive and can help to reverse the sale this week. The key question is whether this momentum is beyond low liquidity weekend. Because BTC and ETH price behavior are becoming more and more institutionally led, today’s ETF flow will be a strong indicator to raise another bridge.” Lee spoke to Coindesk.
Lee emphasized the base, Monad, Story and SUI as a major concern.
Gaer, meanwhile, preferred Solana and SOL ecosystems, including high beta sol tokens such as Jito and JUP. Raydium and pumps are “basic and forward -on -demand standards.”
Potential headwind
POWELL’s Dovish Stance has set up a stage of meetings, but traders must be cautious about the potential traps caused by the adoption of cryptocurrency and volatility of the stock market.
“Digital Asset Treasury Department (That) It is an innovative means that public market investors can be exposed to digital asset space. But we started to see the quality of DAT transactions in terms of bank relations, compliance, management teams, and trading structures, saying that it shows the initial signs of bubbles.
The NAQSDAQ listing strategy began to adopt a corporate BTC by 2020. Since then, more than 100 open companies have accumulated 984,971 BTC.
“The trend can continue, but it is clear that the risks related to this cannot be ignored,” Lee added.
Gaer urged the overheated stock market and “the potential of macro or designated shocks” to closely track the risks.