Al -Atheer gets the first new record since 2021 after the price discounts of Powell Khattab

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Omar Marquis Lightrockket | Gety pictures

price ether Through her record in 2021, she was shattered on Friday after the Federal Reserve Chairman Jerome Powell hinted for discounts in the coming prices and investors returned to risk.

The second largest encrypted currency increased by 15 % late on Friday, as it rose to $ 4,885.00 and exceeded its record in November 2021 of $ 4,866.01.

Bitcoin 4 % rose to 117,008.29 dollars.

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The ether (ETH) is worn after Powell Jackson Hall’s speech

The moves came during Powell The annual address from Jackson Hall and Wyoming. Powell said: “With politics in restrictions, basic expectations and the variable risk balance may require modifying our position on politics,” Powell said.

“It appears that merchants have been completely arrested through Powell’s comments today,” said Jordi Alexander, CEO of Crypto Trading Selini Capital. “The market situation in the last sessions has witnessed clear movements of the risks in assets such as encryption and technology, and the construction of today to reduce the September rate causes the placement of panic, which may continue during the unlyary weekend with pressure on the short pants.”

“The momentum has returned to the list with the administration, and it appears that the federal reserve is in line with mitigation,” he added.

Soon the letter, ETH has seen about $ 120 million in short qualifiers in one hour, according to Coinglass. When traders use leverage to short ether and currency rates, they buy ETH from the market to close their locations. In turn, this currency price is top and leads to the liquidation of more situations.

Companies’ shares focused on gathering the ether, which were Some of the most difficult strikes this week When investors revolve from technology names, he bounced with the currency on Friday. Indulgence and Sharplink Gaming 12 % and 15 % jumped, respectively. A drop of more than 7 % per week, its first week in three.

Backed Peter Thy Etzella More than 31 % fell at Friday’s point after ether Treasury Company She offered up to 74.8 million of her shares To re -sell. He ended the session from 31.4 % after Powell Jackson Hall’s notes.

Elsewhere, the treasury company focuses on Solana Defi Development 21 % rose, encryption exchange Coinbase And bitcoin agent Strategy 6 % advanced each.

In the past two months, Ether has emerged as a leader in the encryption market. This shift is stimulated by the regulatory background winds that pushed a breakthrough in the institutional interest around Stablecoins, which represents 40 % of all Blockchain fees and more than half of which are supported by Ethereum Blockchain.

Ether is the “largest Macro trade for 10 to 15 years, and many of them are about the fact that Stablecoins has become the moment of chat GPTO” Recently said “Global Travel” for CNBC. And now we have a genius verb and The encryption project from the Supreme Education CouncilIt is basically the Wall Street running on Blockchain. “

– Nick Wales of CNBC contributed to reporting

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