✨ Cryptocurrencies enter the weekend with a strong dose of optimism. Following the Federal Reserve's comments in Jackson Hole, the market is buzzing with expectations of a possible rate cut in September.
📈 Current prices clearly reflect this:
₿ Bitcoin (BTC): 116,881 USD ↗️
Ξ Ethereum (ETH): 4,647 USD↗️
💧 XRP: 3.03 USD↗️
🔥 Solana (SOL): 195.07 USD↗️
🌟 Stellar (XLM): 0.4176 USD↗️
🏦 What did the Fed say?
Chairman Jerome Powell left the door open for a rate cut, although he clarified that it will depend on upcoming economic data.
👉 This generated confidence in global markets and an immediate rally in stocks and cryptocurrencies.
Additionally:
🔹 The FOMC adjusted its long-term strategy, prioritizing transparency and stability.
🔹 The Fed announced the end of the special program to supervise crypto and fintech, integrating these assets into traditional regulation.
🔹 Vice President Michelle Bowman called for the agency to adopt a less rigid mindset towards blockchain and digital assets.
📊 Implications for the Crypto Market
✅ Risk appetite boost: Lower rates = more liquidity = more entry into BTC, ETH, and altcoins.
✅ Regulatory confidence: The integration of crypto into the traditional system reduces uncertainty.
⚠️ Volatility ahead: Everything will depend on upcoming inflation and employment data in the U.S.
🔮 Strategy for the weekend
1️⃣ Long-term traders: Maintain positions and accumulate.
2️⃣ Short-term traders: Take advantage of volatility with adjusted stop-losses.
3️⃣ Community: Stay informed, because what the Fed says will set the tone for the end of August.
✨ Conclusion
The crypto world closes the week with positive energy 💥. Bitcoin surpassing 117K, Ethereum seeking to consolidate at 4.6K, and altcoins like XRP, SOL, and XLM following the trend.
🌍 The Fed is at the center of the scene, and the crypto ecosystem responds with optimism. The question is: will we soon see a new rally towards all-time highs? 🚀
📌 Leave me a comment 👇
👉 Will BTC break 120K or will we see a pause first?
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