A significant rise in the crypto money market was observed after Jerome Powell, President of the US Federal Reserve (FED), at the Jackson Hole Economic Symposium. Powell’s more softer attitude than the markets expected, especially Bitcoin (BTC) $114,836.77In Ether (ETH) and some subcoins, the new peak expectations brought about. Market analysts said that this development could open the door of a new era for crypto beings.
Effects of Powell’s Speech
In his speech, Powell pointed out that risks related to the employment market have increased and interest rate cuts may be involved. Reminding that the Fed has been holding its policy interest rate at 4.25% for eight months, Powell said that considering the current strict structure of the fiscal policy, it may be necessary to adjust in the policy posture. Former President Donald Trump said that tariffs during the period of Trump could only have a short -term effect on inflation.
“The downward risks in employment are increasing, Pow said Powell, said politics may be necessary to reorganize the policy stance due to the current level of tightness.
After Powell’s statements, both crypto currencies and stocks rose. In September, the Fed’s probability of interest to interest rate reduction increased to 90 percent. The general tendency of analysts is that this positive atmosphere will continue in the short term.
Expectations of rise in BTC and ETH
Analysts in Monarq Asset Management predicted that Ether would soon rise above $ 5,000. In a statement, the investment director of the company’s Reddness Fund, Sam Gaer, said that the structure of the market is positive and that new records can be seen in Bitcoin and Ether.
“We maintain our positive opinion in general. Powell’s attitude has paved the way for over $ 5,000 in the near term. Ga Gaer said that they expect a new fund entry into the market after the closure of the institutional transactions announced in July and August.
Ethereum 
$4,720.13‘s token Ether has gained approximately 10 percent in the last 24 hours. Ether broke the record by exceeding the level of $ 4,800 and traded for $ 4,700 at the time of the article. Bitcoin was traded around 115,600 dollars after $ 117,400.
Spencer Yang, the ruler of BlockspaceForce, said that new summits could see until the end of the year after the interest rate cut expected to be in September. According to Yang, BTC, ETH, BNB, SOL and LINK are expected to come to the fore.
ETF flows and potential risks
Neoclassic Capital’s co -founder Steve Lee said Powell’s new approach would be positive for crypto currencies in the short term, but BTC and ETH Spot ETF will determine the direction of prices. According to Lee, the developments in the ETF markets next week will be an important indicator in terms of whether the rise will continue.
Orum I see a positive picture in the short term. The real question is whether this momentum will be preserved at the low liquidity weekend, BT Lee said that BTC and ETH prices are especially directed by corporate investors.
Market experts, despite the rise, stressed that there are various risks. Among these, the increasing interest of corporate investors to crypto assets and the uncertainties brought by the fluctuations in the stock markets draw attention. Steve Lee stated that they have seen signs of decrease in the quality of digital asset funds and that this may indicate a future risk of “balloon” in the future.
“There is slimming in the process structure and management quality in digital asset funds. LEE is obvious that risks should not be ignored, Lee Lee said.
In recent years, the tendency of BTC to accumulate BTC companies has gained momentum. According to statistics, more than 100 public companies have a total of 984,971 BTC. Gaer pointed out that excessive pricing and macro -level or geopolitical developments can create fluctuations in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
