Ethereum breaks new maximum, BNB follows and sun takes up the USD $ 200 in the middle of the rally
By Hannah Pérez
Ethereum now has the USD $ 5,000 just around the corner. BNB won the USD $ 900 for the first time, Sol resumed USD $ 200 and many other altcoins shine with profits in the middle of a generalized rally.
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- Ethereum breaks Nuevo Ah, now has the USD $ 5,000 just around the corner.
- BNB won the USD $ 900 for the first time in a generalized rebound.
- Powell’s insinuation of a rate cut in September promoted prices.
- Bitcoin is left behind compared, below USD $ 117,000.
Ethereum (ETH) extended the profits to reach its highest price level in history this Friday, in line with a busy movement in the cryptocurrency market that drives others Altcoins Towards records in the graphics.
Eth won an unprecedented top of USD $ 4,891 In the graphics in the afternoon (ET), in the middle of a gain of more than 13% in the day, according to data from Coinmarketcap. The second largest cryptocurrency for market capitalization left its maximum previous price in relation to the US dollar of 4,880, secured in November 2021.
The new use capitalization of USD $ 590 billion Ethereum It positions the digital currency among the 25 greatest assets in the world, just above the payment giant Mastercard and the platform of streaming, Netflix.
ETH has been experiencing a meteoric appreciation in recent weeks, largely driven by the renewed appetite of institutional investors and the accelerated purchases of public companies with treasury with treasury Ethereum.
The funds quoted in the stock market (ETF) of Ethereum They have registered a record flow, attracting almost USD $ 8 billion since July, which denotes a growing institutional interest. Other factors such as regulatory clarity for Stablecoins And the rise of token between high profile banks, have also been profiled as two bullish catalysts.
The accumulated ETH increase in the month is now 33.5%, a clear advantage over Bitcoin (BTC) that instead has lost 1.6% in the period to negotiate around USD $ 116,600 at the time of editing.
The statements of the President of the Federal Reserve (FED) of the United States, Jerome Powell, on Friday at the Jackson Hole symposium, helped motorize the rally. Powell gave clues on Friday that the Central Bank will effectively cut interest rates in Septemberas the operators initially anticipated, which provided relief to the markets for the weekend.
The hope of an upcoming cut had vanished in recent days, causing a broad negative reaction in global markets, –including crypts. Thursday, Bitcoin It had been reversed towards the USD $ 112,000 after ensuring a historical maximum of USD $ 124,000 a week earlier, and Eth receded momentarily under the USD $ 4,100.
Positive macro events now give a new face to the market, where other Altcoins have also emerged towards new stops in the graphics. Binance Coin (BNB) was another that a new USD $ 900 was secured as its price rises more than 6% in 24 hours. Chainlink (Link) was another that shot more than 10% to ensure a new 2025 peak of USD $ 27.7 while accumulating a gain of more than 26% in the week, according to the data source cited.
Solarium (Sun), on the other hand, resumed a height of USD $ 200 in a 10% emerge in the day and carrying annual profits to 40%. The biggest puppy memecoin, Dogecoin (Doge), also sees daily profits of two percentage digits in USD $ 0.24.
The capitalization of the cryptocurrency market is USD $ 4 billion, 6% higher in the last 24 hours.
The sudden increase in prices has caused a liquidation waterfall for 690.47 million dollars in the cryptocurrency market, where 164,080 individual operators have faced the sudden closure of their short and long positions, according to data from data from Coinglass. ETH faces the largest weight of liquidations, with USD $ 285 million in short settlements in 24 hours.
Hannah Estefanía Pérez / Diariobitcoin
Image generated with AI tool, under free use license
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