Bitcoin and Ether Reawaken with Friday’s Late Surge, Touching Three-Week Peaks:
The tempestuous rally in the crypto arena has lately been commandeered by altcoins, with Solana (SOL $239.89) boasting an emphatic 17% leap over the span of seven days, while Dogecoin (DOGE $0.2969) has rocketed an impressive 25%. Much of the fervor hinges on the anticipated ETFs and nascent crypto treasuries channeling their focus toward these very tokens.
Meanwhile, the titans of the sector—Bitcoin and Ether—had temporarily receded into the background as speculative capital gravitated elsewhere. Yet, as the U.S. trading day waned on Friday, both giants began to draw robust bids once more. Bitcoin (BTC $115,839.63) pressed higher by 2% in just two hours, reaching $116,600, while Ether (ETH) vaulted 5% to $4,650. These ascensions mark their loftiest thresholds since the turbulent spectacle of late August, when markets convulsed in response to Jerome Powell’s Jackson Hole address.
In that oration, Powell—long considered a hawkish sentinel of strict monetary restraint—startled the street with a dovish inflection, confessing that a faltering labor market merited sharper vigilance than inflation’s obstinate persistence.
Prior to his pronouncement, Ether languished beneath $4,300, only to erupt by more than 16% within a mere 48 hours, flirting dangerously close to breaching the monumental $5,000 frontier for the very first time. Yet, that surge proved fleeting; the bullish tide ebbed rapidly, dragging ETH back toward its pre-speech plateau and driving Bitcoin down to $107,000 by the close of August.
Now, eyes pivot toward the long-heralded Federal Reserve conclave slated for the coming week. Market participants, near-unanimous in expectation, foresee the central bank paring its benchmark funds rate by a measured 25 basis points, repositioning it within the 4.00%–4.25% corridor. $BTC $ETH
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