🔺The market is again in mixed dynamics: while BTC is down -0.1%, Ether and a number of altcoins are up by +1..3%. However, most TOP coins are stagnant, and only a few are showing strong movements: HNT is up +7%, while the CORE token has risen by +6%.
🔺The SP500 index also fell by -2.2%, amid the cautious rhetoric of J. Powell during yesterday's speech. The head of the Federal Reserve noted that Trump's trade policy introduces uncertainty into the economy, and the Fed will not rush to lower rates or implement quantitative easing (QE). Powell also hinted that it is likely only next year that the Fed will understand what to do next. The big players reacted negatively to the news: the US stock market shrank by -$1.5 trillion again.
🔺Meanwhile, BTC.D is reaching a new peak this year at 64.14%. The ETH/BTC pair (once again!) broke a new low at 0.0184 points. So far, quotes and metrics do not give much hope for a QUICK recovery of altcoins, and ETH needs time (up to 2-4 months) + it is worth remembering that markets are irrational: sometimes sharp movements begin contrary to all logic and reasonable arguments from bears.
🔺One of the leaders of growth last week was the Deep token from the DeepBook project (+42% for the week). Experts recommend keeping an eye on the asset: the startup is a TOP alternative to the 1inch project (but only in the SUI ecosystem) + the coin has a small market cap (at full FDV) of $790 million.
🔺However, there is also some positive in Powell's speech yesterday. The head of the Fed acknowledged that cryptocurrencies are becoming increasingly popular, and banking regulations for the industry (most likely) will be softened. Meanwhile, the SEC regulator (from the beginning of 2025) has already closed 12 lawsuits against crypto projects👇
