Stimulated by the Federal Reserve's interest rate cut signals, the cryptocurrency market surged:

ETH soared from $4,238 to $4,885, reaching a new high since November 2021

Daily increase exceeded 15%, leading the market trend

BTC also showed strength, rising about 4.6%, hitting $117,420 during trading

Due to ETH's strong rise, Bitcoin's dominance slipped to about 56.5%

Market Reaction

ETH became a hotspot for capital chasing

BTC followed with a rebound, but the increase was relatively moderate

Traders quickly adjusted their positions, driving rapid market rotation

The Federal Reserve's interest rate cut signals often stimulate the rise of risk assets, increasing short-term volatility in cryptocurrencies. It is worth noting that ETH is leading Bitcoin in this situation!#杰克逊霍尔会议 #ETH创历史新高