Bitcoin
Mounted another attempt for a new record of all time which increases nearly $ 123,000, a four -week higher during the American session on Wednesday.
On Monday, two previous attempts, in dagger of $ 122,300 and exceeding $ 123,000 on July 14, met with heavy sales, overthrowing prices less than $ 120,000 on the occasion of both occasions.
Etherum ether (Eth) Also got closer to its 2021 peak of $ 4,865, negotiating $ 4,750 and only 3% of this record. Ether continued its recent outperformance, 4.5% in advance in the last 24 hours against 2.3% for the BTC.
The crypto rally extended to the main altcoins, with Sola’s Sol (GROUND) Advancing 5% above $ 200, Uniswap (UNITED) and hyperliquids (THRESHING) Indigenous tokens also joined 5% to 6%.
The wider capital markets provide a “supported momentum” with the S&P 500 and the Nasdaq hovering near all time “, supported by softer inflation signals and speculation of the fed flexibility,” said Joel Kruger, market strategist at Lmax Group.
The current macro backdrop has rarely been more favorable to risk assets, noted 10x in a report on Wednesday.
“With the tightening of credit differences and loan growth, the conditions for a sustained rally are being set up,” said the authors. The report noted that the federal reserve has been reluctant to reduce interest rates, but when the central bank swivels, investors will rotate capital as higher risk assets. Market players now see more than 90% probability for a reduction of 25 base points at the September meeting, but the pressure increases decision -makers to consider a deeper relaxation.
“Bitcoin and actions react both early, but the market is still not full of what is coming,” said the report.
