Crypto Sentiment returned to “Greed” on Saturday with the rise of the Crypto market, after comments from the President of the US Federal Reserve Jerome Powell, which sparked speculation of a possible reduction in September.
Fear of encryption and greed indexWhich measures the morale of the total encryption market, increased to the degree of “greed” of Saturday, an increase of 10 points of “neutral” reading on Friday to 50, after they decreased briefly in fear earlier in the week.
The recovery came after Powell’s speech at the annual Jackson Hall Economic Symposium on Friday, where he said that the current conditions of inflation and the labor market “may include” the position of monetary policy at the Federal Reserve.
ETH is “the most sensitive side of the rate of encryption”
After Powell’s speech, Bitcoin (BTC) increased by 5 % to $ 117,300, which led to the liquidation of $ 379.88 million in short pants. Meanwhile, ETHER (ETH) regained its highest level ever in 2021 with a value of $ 4,878, reaching $ 4,851, which represents an increase of 11.51 % during the 24 hours, According to To Coinmarketcap.
In the X Publishing on the same day, the co -founder of Axie Infinity Jeffrey “Jiho” Zirlin The name Ether “the most sensitive aspect of the rate of encryption.”
He said: “With the low interest rates, the spread between what can be earned by depositing Stablecoins in Defi in exchange for depositing the US dollar in a bank expands.”
According to CME Fedwatch tool75 % of the market participants expect a decrease in the Federal Reserve meeting on September 17. Cubesi message trading supplier He said“The Federal Reserve Powell appears to put the theater to reduce the interest rate in September.”
Historically, the Federal Reserve rate discounts increase liquidity and make the most dangerous assets like encryption more attractive.
Participants in the encryption market expected the increase
However, Saint Louis feeds President Alberto Musalm He said Reuters on Friday that he still needs more time to decide whether to support the rate of interest rates.
He said: “I will update my looks and balance the risk along the way to two days, three days before the meeting.”
Earlier this week, many participants in the encryption market expected the encryption market to rise if Powell hints to reduce prices.
Related to: Bitcoin prices outbreak to a pill 117 thousand dollars, and opened the door to its fresh levels at all
Author Jason Williams He said On Wednesday, if Powell is “soft and learns that the price cuts are likely, then we are exposed to turbo.”
Crypto Bantter Trader Run Neuner He said “Jackson Hall will form the trend of encryption move forward,” before he adds, “Trump is pushing to reduce the rate for a good reason, but will he listen to Powell?”
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2025-08-23 07:11:00
