Ethereum $4,716.23‘s (ETH) price, Friday, the US Federal Bank (FED) President Jerome Powell’ın interest rate reduction signal after the speech of the Coinbase exchange reached $ 4,885. Ethereum, which increased close to 15 percent in the last 24 hours, has become a prominent crypto asset in the overall rise in the financial markets.
The Effect of Fed Explanations on Markets
Jerome Powell’s speech, which includes phrases that the possibility of interest rate reduction would take place in September, was welcomed among investors. Although hopes have decreased in previous days, Powell’s statements created a strong reaction in global markets.
Bitcoin 
$115,627.98 It also increased, but its rise remained limited to Ethereum with 4 percent. The Coindesk 20 index, which follows a wider crypto currency index, rose by 9 percent in the same period. The short -term optimism in the market, especially in certain assets, is experienced at a higher level.
Fed President Jerome Powell said, “We anticipate that interest rate cuts can be on the agenda in September,” he said.
Role of Corporate Investments
This year’s rise of Ethereum stems not only from macroeconomic factors, but also from increasing institutional interest. Especially the fact that large companies began to accumulate Ethereum was effective in strengthening the foundation of the network.
Like Ethzilla, the fact that the institutions in which investor Peter Thiel are behind him added to his treasures increased the demand in this area. Experts assess that Ethereum may be the most preferred bloczinciri in Wall Street in the future.
Ethzilla’s ruler, “We are increasing the weight of Ethereum in corporate portfolios,” he said.
As a result of these developments, Ethereum increased by 45 percent since the beginning of the year, while the increase in Bitcoin remained at 25 percent. This rapid rise, which is seen in some tokens connected to this network, attracted attention on Ethereum.
Mobility in the relevant crypto assets
Not only their own investors, but also token, such as Lido (LDO) and Ethena (ENA) in the same ecosystem. More than 10 percent increases in these assets.
According to experts, mobility may continue in the coming period in the coming period, both in the coming period, with the possibility of the Fed’s interest rate reduction and the effect of corporate interest. However, the continuation of these developments will be directly related to the global economic environment and the advancing macroeconomic decisions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
