Ether Likely to Top $ 5k, BTC Eyes Record High As Powell Sparks Rally; Watch For Dat Deal Risks: Asset Managers

What Powell Said?In one of his most Important Speeches, Powell Suggested That Labor Market Could Benefit From Lower Borrowing Costs, Having Held The Benchmark Interest Rate Steady at 4.25% for eight.

“DOWNSIDE RISKS TO EMPLOYMENT ARE RISING,” POWELL SAID IN PREPARED REMARKS FOR HIS KEYNOTE SPEECH at The Jackson Hole Symposium, Adving that the Possibility Short-Lived Effect on Inflation Is “Reasonable.”

“WITH Policy in Restrictive Territory, The Baseline Outlook and the Shifting Balance of Risks May Warrant Adjusting Our Policy Stance,” He Noted.

Cryptocurrencies and Stocks Soared, and the Probability of the September Fed Rate Cut Cut Jumped to 90% Following the Speech. MOST Analysts Expect the Momentum to Continue in the Days Ahead.

Analysts See New Highs for Btc and Eth Above $ 5kAnalysts at Monarq Asset Management Anticipate that Ether’s Price Will Rise Above $ 5,000 in The Coming Days.

“WE MAINTAIN OVER OVERALL BULLISH STANCE. Market Internals Remain Remain Constructive, With The Few Few Few FEW FEW FEW SIGNS OF OVERHEETING AND, AS YOU Point Out Out, A Clear Path to The NEW All-Ti-Ti-TiMe, In Both, A Clear Path Path to” INVESTMENT Officer of Monarq Asset Management’s Directional Fund, Told Coindesk.

“Our House View is that Powell’s Dovish Pivish Pivot Has Cleared The Way for $ 5,000+ in the Near Term (Also Not The Hardest Call to Make). Demand from Treasury Vehicles AnnounCed this Summer Close or de-Spaac, In Addition to Ongoing Institutional and Retail Inflows, “Gaer Added.

Ethereum’s Native Token Ether Has Already Gained Nearly 10% In 24 Hours, Hitting Record Highs Above $ 4.800. As of Writing, It Changed Hands at $ 4,700, Account to Coindesk Data. Meanwhile, Market Leader Bitcoin Traded Near $ 115.600, Slightly Down from the Overnight High of $ 117.400.

Data from Deribit-Listed Options Shows that Ether’s Rally Has Sparked Renewed Demand for Upside Bets, or Call Options. AT Press Time, Risk Reversals Were Positive Across All Tenors, Implying Richness of Calls. The Sentiment Wasn’T so bullish in btc options.

Gaer Stated that Over-The-Counter Desks and Market Makers Are Experienceing Stronger Demand for Eth Compared to BTC, Suggesting that Ether May Outperform AHEAD.

That said, btc loked strong on it own too. “The BTC Pullback from Ath Was ~ 9.6% – Far Less Earlier DrawDowns this Year – Indicating Strong Demand, As EvidenCed By Whle Wallet Acumulation Around the SAID.

Spencer Yang, Managing Partner at BlockspaceformFor, A Crypto Treasury Advisory Firm, Said More Rate Cuts Could Happen After September, ENSURING The MOMENTUM ENDS WELLS WELL INTO INTO.

“We’re Now Fully Expecting Rate Cuts to Happen in September. It will be the first cut since Trump Became President this year. This is signifyant, and many more: Market.

“The major 5 that we pay at: Btc, Eth, Bnb, Sol, Link. These Will DO Well Given the Various Parts of the Crypto Industry they Impact,” Yang Adeded.

Focus On etf FlowsSteve Lee, Co-Funder and Managing Partner at Neoclassic Capital and Investor in BlockTower Capital, Called Powell’s Dovish Turn A Short-Term Constructive Development for CrypTecur. Importance of Continued Inflows Into Bitcoin and Ether Spot Etfs.

“I See this as Constructive in the Short Term, and It May Help Reverse this Week’s Sell-Off. The Key Question Is Wheether This Momentum Holds Beyond the Low-Liquidity Weekend. Institutionally Driven, Spot etf Flows Today and Monday Will Be A Strong Indicator of Wheth Weeter We Set for Another Leg Higher, “Lee Told Coindesk.

Lee Highlightd Base, Monad, Story, and Sui as Key Projects of Interest That He Is Closely Monitoring in His Capacity As An Early-Stage Venture Capitalist.

Gaer, Meanwhile, favored Solana and the Sol EcoSystem, Including High-Beta Sol Tokens Such As Jito and Jup. Raydium and Pump On Both a “Fundamental and Forward-Demand Basis.”

Potential HeadwindsWhile Powell’s Dovish Stance Has Set The Stage for A Rally, Traders Should Remain Cautious About Potential Pitples from Corporate Treasury Cryptocurrency Adoption and Volatility Inf.

“Digital Asset Treasuries (DAT) Are An innovative Vehicele for Public Market Investors to Gain Exposure to The Digital Asset Space. However, We Have Started to See. Compliment, Management Team, and Deal Structure Perspectivers – Droping, WHICH SHOWS EARLY SIGNS OF A ‘BUBBLE, “LEE SAID.

Naqsdaq-Listed Strategy Started This Trend of Corporate Btc Adoption in 2020. Since Then, More sense 100 publicly-Listed FIRMS HAVE ACCUMULATED A Total of 984 Treasuries.

“The Trend May Continue, But It Is Obvious that the Risks Associated with this is not ignoral,” Lee added.

Gaer Called for Closely Tracing Risks From An Overheated Equity Market and “Potential for Macro or Geopolitical Shocks.”