The first new Ether Record since 2021 after a decrease in speech speed

Price air On Friday, he punched his record of 2021 after the chairman of the federal reserve system Jerome Powell hinted at the forthcoming rate and investors returned to the risk mode.

The second largest cryptocurrency increased by 15% at the end of Friday, increasing to $ 4885.00 and exceeded its record in November 2021 of $ 4866.01.

Bitcoin It grew by 4% to $ 117.008.29.

Walking came during the Powell Jackson Hall’s annual address, Wyoming. “With the help of policy in the restrictive territory, the basic forecast and the changeable balance of risks can guarantee the adjustment of our political position,” Powell said.

“Traders seem to have been caught completely outside the comments of Powla Dovish today,” said Jordi Alexander, CEO Crypto Trading Compina Capital. “The market positioning in the latest sessions has obvious steps at risk in assets, such as crypto and technology, and today’s setting in the September decrease in the rate causes a panic that may continue through the illiquigntous weekend when shorts are squeezed.”

“The impetus returned to the menu with the administration, and the Fed seemingly aligned,” he added.

According to Coinglass, approximately $ 120 million in the ETH speech has shown short elimination. When traders use a short air leverage and the price of the coin is increasing, they buy ETH back from the market to close their positions. In turn, this pushes the price of the coin even higher and leads to the elimination of more positions.

Stock companies focused on the accumulation of the ether that was Some of the most rigid hit this week When investors were spinning from the technology name, they bounced on the coin on Friday. Loading on birmin and Sharplink Gaming 12% and 15% jumped respectively. Bitemin decreased by more than 7% in a week, its first week.

Piter Tille’s stock Etzil Friday after air The treasury company offered up to 74.8 million of their shares for resale. The session ended by 31.4% after Jackson Hall’s comments.

Elsewhere firm focused on Solana Defi Development grew by 21%, and the cry -exchange Base and proxy -bitcoin Strategy Extended 6% each.

Over the past two months, the ether has become a leader in the cry. This shift was catalyzed by regulatory tail winds, which caused the boom in the institutional interests around the stabilities, which make up 40% of all Blockchain payments and more than half of which work from the Ethereum blockchain.

Ether is “the biggest macro -heth over the next 10-15 years, and it is much related to the fact that stablecoins became a chat for cry Recently told “World Exchange” CNBC. ‘And now we have a brilliant act and Project Crypto with SECWhich is essentially Wall -Rate that goes to blockchain. “

– CNBC Nick Wells reported