Das XRP-Kursdiagramm zeigt Parallelen zu einem Fraktal auf, dass die Ripple-Kryptowährung im vierten Quartal erneut in Rekordhöhen katapultieren könnte.
What sparked the sudden crypto market surge?
- Crypto market cap has rebounded above $4T after Fed rate-cut signals.
- Bitcoin reserve proposals boost confidence in digital assets.
- Ethereum and Chainlink lead altcoin rally with double-digit gains.
The cryptocurrency market has staged a remarkable rebound, with total market capitalisation climbing more than 5% in the past 24 hours to reclaim the $4.01 trillion level.
Ethereum (ETH) has emerged as the standout performer among the top ten digital assets by market cap, soaring by 13.12%.
Chainlink (LINK) has also drawn attention with a rise of 10.37%, showing strong investor appetite for altcoins as momentum builds across the sector.
Fed shift fuels optimism
One of the biggest drivers behind the surge came from comments by US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium.
Powell signalled that economic conditions may justify an interest-rate cut in September, reversing the hawkish stance that had weighed on markets for months.
Traders quickly interpreted this as a dovish pivot, sparking renewed appetite for risk assets.
Bitcoin (BTC) surged from local lows of $111,658 to above $116,000 within minutes of Powell’s remarks, setting the tone for the broader crypto market.
Lower interest rates generally encourage investors to move capital into higher-yielding assets, and cryptocurrencies are often prime beneficiaries of such flows.
The dollar weakened on Powell’s comments, adding to bullish sentiment across digital markets.
This macro backdrop provided the ideal setup for both Bitcoin and altcoins to rally in tandem, lifting total market capitalisation firmly back into the $4 trillion range.
Bitcoin reserves narrative builds
Another key factor has been the growing momentum around the idea of governments holding Bitcoin as a strategic reserve.
Most recently, the Philippines has introduced a bill to create a Bitcoin reserve, following similar proposals in the United States.
This development reinforced the narrative of Bitcoin’s institutional role in global finance and gave investors another reason to build exposure.
Market observers note that such proposals carry symbolic weight, even before they become policy.
They demonstrate that Bitcoin is increasingly being viewed not just as a speculative asset but as part of a broader macroeconomic conversation.
This narrative helped underpin the recovery in Bitcoin’s price while supporting the rally in altcoins tied to sovereign and institutional themes.
Altcoins take the spotlight
While Bitcoin’s rebound grabbed headlines, much of the excitement has come from the altcoin space.
The Altcoin Season Index has climbed sharply, reflecting a rotation of capital from Bitcoin into higher-beta assets.
ETH has broken through key resistance levels, while the likes of LINK have posted impressive gains.
Solana (SOL) and Binance Coin (BNB) have also posted strong gains, with traders positioning for extended rallies if momentum continues.
This rotation indicates a willingness among investors to take on more risk, a trend often seen during bullish phases of the market.
Although derivatives open interest has fallen, suggesting cautious leverage, spot buying has remained robust.
The move into altcoins highlights growing confidence that the rally is not confined to Bitcoin alone but is part of a broader recovery story.
Crypto market outlook
The sharp recovery in the crypto market underscores how sensitive digital assets remain to global economic cues.
Powell’s dovish shift, coupled with rising momentum behind Bitcoin’s reserve narrative, created the perfect storm for a swift surge.
The alignment with equity markets, particularly the Nasdaq-100, further amplified the move, as correlations between crypto and traditional risk assets strengthened.
For now, the return of the market cap above $4 trillion offers a strong signal of resilience. With altcoins leading gains, investors are watching closely to see whether the rally extends or faces resistance at higher levels.
However, much will depend on whether the Fed follows through with an actual rate cut in September and whether the Bitcoin reserve debate gains traction in the coming weeks.
The post What sparked the sudden crypto market surge? appeared first on CoinJournal.
Solana-Kurs ist Spitzenreiter – Kommt nun der Aufschwung auf 260 US-Dollar?
Der Solana-Kurs ist aktuell stark wie selten und steuert womöglich schon bald auf 260 US-Dollar zu.
BitMEX-Gründer Arthur Hayes: Ethereum könnte auf 20.000 US-Dollar steigen
Ethereum rückt wieder in den Fokus der Anleger: BitMEX-Mitgründer Arthur Hayes hat angekündigt, dass er erneut in die Kryptowährung investiert und ihr Kurs seiner Einschätzung nach im laufenden Zyklus bis auf 20.000 US-Dollar steigen könnte.
Powell puts September rate cut on the table as Bitcoin rises 2% and Fed odds swing to 90%
- Bitcoin rises 2% to $114,200 after speech.
- Ether rebounds 8% after 12% correction.
- US stocks gain 1%, yields drop to 4.27%, gold up 0.6%.
Federal Reserve Chair Jerome Powell shifted the market narrative on Friday by signalling that a September rate cut is under active consideration, a move that quickly altered expectations across global financial markets.
Speaking at the Kansas City Fed’s Economic Symposium in Jackson Hole, Powell highlighted that downside risks to employment are rising and could accelerate in the form of layoffs and higher unemployment.
This shift in tone sent shockwaves through both traditional and digital markets, with Bitcoin, equities, bonds, and gold all responding within minutes of his remarks.
Bitcoin rebounds 2% after recent 10% slide
Bitcoin (BTC) climbed about 2% to $114,200 following Powell’s comments, reversing part of a steep decline earlier in the week.
The cryptocurrency had touched a record high above $124,000 roughly a week ago when market confidence in a September rate cut was near 100%.
However, as expectations cooled to 69% in the hours before Powell’s address, Bitcoin slumped nearly 10% to $112,000.
Data from CME FedWatch showed that immediately after Powell’s speech, the probability of a September rate cut jumped back to nearly 90%.
This surge in confidence provided support to digital assets, which had been under pressure from fading hopes of imminent monetary easing.
Ether bounces 8% after 12% correction
Ethereum (ETH) experienced sharper volatility than Bitcoin in the same period.
The coin corrected by about 12% after nearly reaching its all-time high, reflecting a deeper pullback in speculative tokens.
However, ETH bounced nearly 8% following Powell’s remarks, highlighting how sensitive cryptocurrencies remain to Federal Reserve signals.
The rebound suggests that traders are still positioning around policy expectations, with Ether’s sharper swings reflecting higher risk sentiment.
Stocks, bonds, and commodities follow suit
Traditional markets mirrored the move in digital assets.
The Nasdaq Composite fell 3% in the days leading up to Powell’s speech as investors priced in fewer chances of a rate cut.
However, following the shift in tone, US stocks gained more than 1%.
Treasuries also rallied, with the 10-year yield falling six basis points to 4.27%.
The US dollar index declined about 0.5%, while gold prices climbed 0.6%, reflecting a broader move into assets that typically benefit from looser monetary policy.
Risk markets show heightened sensitivity to Fed signals
In the days leading up to Jackson Hole, traders had positioned cautiously, expecting Powell to maintain a hawkish stance.
This contributed to selling pressure across risk markets, particularly in crypto.
The reversal in tone not only revived expectations of a September cut but also underscored the fragility of investor sentiment.
The developments highlight how closely risk assets remain tied to the Federal Reserve’s policy outlook.
Bitcoin’s correction and subsequent bounce, along with Ether’s deeper pullback and recovery, show that digital markets are moving in lockstep with Fed communications, while stocks, bonds, and commodities reflect similar dynamics.
The post Powell puts September rate cut on the table as Bitcoin rises 2% and Fed odds swing to 90% appeared first on CoinJournal.