Ethereum After a speech by Federal Reserve Chairman Jerome Powell after hitting a record price of $4,885 at Coinbase on Friday, it suggested that interest rate cuts have been settled into the weekend.
Tokens have risen nearly 15% over the past 24 hours as part of a wider gathering in the financial markets.
Nevertheless, the Etheric assembly stood out among the other tokens. Bitcoin was also on the rise, but only about 4%. The Coindesk 20 Index, which tracks the broader crypto market, rose 9% over the same time.
Powell on Friday hinted at the Fed that, as initially expected, would actually cut interest rates in September. However, hope has declined over the past few days, sparking a major response in global markets during trading hours on Friday.
The ether is not only benefiting from the macroeconomic situation this year, but also further benefiting from the new institutional interest in the network behind the token.
It has a number of ether accumulations as part of its financial strategy, including Echila, backed by billionaire investor Peter Thiel. Some believe that Ethereum will eventually become Wall Street’s favorite blockchain, increasing demand for native tokens.
As a result, ether is better than Bitcoin this year, increasing by around 45% since its launch in 2025, while the largest cryptocurrency has risen by 25%. Other ether-related tokens, such as Lido (LDO) And Esena and also benefited from the quick meetings of ETH.
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