No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 22, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

Ether notches first new record since 2021 after Powell speech teasing rate cuts

by TheAdviserMagazine
2 months ago
in Markets
Reading Time: 3 mins read
A A
Ether notches first new record since 2021 after Powell speech teasing rate cuts
Share on FacebookShare on TwitterShare on LInkedIn


Omar Marques | Lightrocket | Getty Images

The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode.

The second-largest cryptocurrency surged 15% late Friday, rising as high as $4,885.00 and surpassing its November 2021 record of $4,866.01.

Bitcoin rose 4% to $117,008.29.

Stock Chart IconStock chart icon

Ether (ETH) bounces after Powell’s Jackson Hole speech

The moves came during Powell’s annual address from Jackson Hole, Wyoming. “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” said Powell.

“Traders seem to have been caught completely off-sides by Powell’s dovish comments today,” said Jordi Alexander, CEO at crypto trading firm Selini Capital. “The market positioning in recent sessions has seen clear risk-off moves in assets like crypto and tech, and today’s setting up of a September rate cut is causing a panicked repositioning, which could continue through the illiquid weekend as shorts get squeezed.”

“Momentum is back on the menu with the administration and the Fed seemingly aligned on easing,” he added.

Around the time of the speech, ETH saw about $120 million in short liquidations in a one-hour period, according to CoinGlass. When traders use leverage to short ether and the coin’s price rises, they buy ETH back from the market to close their positions. In turn, this pushes the coin’s price even higher and results in more positions being liquidated.

Shares of companies focused on accumulating ether, which were some of the hardest hit this week when investors rotated out of tech names, bounced with the coin Friday. Bitmine Immersion and SharpLink Gaming jumped 12% and 15%, respectively. Bitmine fell more than 7% on the week, its first down week in three.

Shares of Peter Thiel-backed ETHzilla tumbled more than 31% at one point Friday after the ether treasury company offered up to 74.8 million of its shares for resale. It ended the session off 31.4% following Powell’s Jackson Hole remarks.

Elsewhere, Solana-focused treasury firm DeFi Development surged 21%, and crypto exchange Coinbase and bitcoin proxy Strategy advanced 6% each.

In the past two months, ether has emerged as a leader in the crypto market. That shift was catalyzed by regulatory tailwinds that prompted a boom in institutional interest around stablecoins, which account for 40% of all blockchain fees and more than half of which are powered by the Ethereum blockchain.

Ether is “the biggest macro trade over the next 10 to 15 years and a lot of it has to do with the fact that stablecoins have become the Chat GPT moment for crypto,” Fundstrat’s Tom Lee recently told CNBC’s “Worldwide Exchange.” “And now we have the GENIUS Act and Project Crypto from the SEC, which is essentially Wall Street running onto the blockchain.”

—CNBC’s Nick Wells contributed reporting

Don’t miss these cryptocurrency insights from CNBC Pro:



Source link

Tags: cutsEthernotchesPowellraterecordSpeechteasing
ShareTweetShare
Previous Post

Interpol arrests 1,200 people, seizes over $100M in crypto busts across multiple African countries

Next Post

The Guide to Fort Lauderdale-Hollywood International Airport (FLL)

Related Posts

edit post
Alleged loan fraud is frustrating but isolated

Alleged loan fraud is frustrating but isolated

by TheAdviserMagazine
October 22, 2025
0

Sopa Images | Lightrocket | Getty ImagesWestern Alliance, one of the regional banks at the center of concerns over loans...

edit post
90% of Americans Are at Risk for a Disease They’ve Never Heard Of

90% of Americans Are at Risk for a Disease They’ve Never Heard Of

by TheAdviserMagazine
October 22, 2025
0

fizkes / Shutterstock.comYou’ve likely heard of heart disease, but have you heard of cardiovascular-kidney-metabolic (CKM) syndrome? A recent survey from...

edit post
Is the Internet Dead? – Banyan Hill Publishing

Is the Internet Dead? – Banyan Hill Publishing

by TheAdviserMagazine
October 22, 2025
0

When I met with my team last week, we had a laugh about a video that I don’t feel comfortable...

edit post
Workers Shed Light on the Biggest Shifts in the Workplace Now

Workers Shed Light on the Biggest Shifts in the Workplace Now

by TheAdviserMagazine
October 22, 2025
0

BigPixel Photo / Shutterstock.comThe workplace in 2025 is being shaped by changing attitudes, shifting priorities, and new cultural flashpoints. From...

edit post
Barclays Q3 earnings

Barclays Q3 earnings

by TheAdviserMagazine
October 22, 2025
0

One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021. Bloomberg |...

edit post
Travis Kelce joins activist investor Jana Partners in push to revive Six Flags

Travis Kelce joins activist investor Jana Partners in push to revive Six Flags

by TheAdviserMagazine
October 21, 2025
0

Travis Kelce #87 of the Kansas City Chiefs looks on during warmups before the game against the Detroit Lions at...

Next Post
edit post
The Guide to Fort Lauderdale-Hollywood International Airport (FLL)

The Guide to Fort Lauderdale-Hollywood International Airport (FLL)

edit post
Why Aren’t You a Millionaire? 18% of U.S. Households Are

Why Aren't You a Millionaire? 18% of U.S. Households Are

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

0
edit post
Financial infidelity hurts, but there are ways to get past it

Financial infidelity hurts, but there are ways to get past it

0
edit post
8 Best Investments for Retirement

8 Best Investments for Retirement

0
edit post
Tech Mahindra on track to improve margin but macro challenges linger

Tech Mahindra on track to improve margin but macro challenges linger

0
edit post
After achieving profitability, Austrian firm refurbed raises €50M funding 

After achieving profitability, Austrian firm refurbed raises €50M funding 

0
edit post
Interventional Ultrasound Market Analysis: Key Drivers and Challenges

Interventional Ultrasound Market Analysis: Key Drivers and Challenges

0
edit post
XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

October 22, 2025
edit post
Shutdown hits breakaway advisors starting RIAs

Shutdown hits breakaway advisors starting RIAs

October 22, 2025
edit post
YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)

YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)

October 22, 2025
edit post
As national debt accelerates to  trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

As national debt accelerates to $38 trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

October 22, 2025
edit post
Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

October 22, 2025
edit post
Alleged loan fraud is frustrating but isolated

Alleged loan fraud is frustrating but isolated

October 22, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum
  • Shutdown hits breakaway advisors starting RIAs
  • YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.