August 23 Market Daily Report
1. Ethereum: Refreshing Historical Highs
(1) Price Performance
- Yesterday it fluctuated in the $4200 range, today it rose to a maximum of $4887, setting a new historical high.
- Market capitalization of approximately 500 billion USD, with a rise of 20% in just a few hours.
(2) Driving Factors
Federal Reserve Chairman Powell released dovish signals in his speech at Jackson Hole, with the market expecting a more than 90% probability of a 25 basis point rate cut next month, becoming a direct driver of the price surge.
(3) Market Analysis
- The characte
View Original1. Ethereum: Refreshing Historical Highs
(1) Price Performance
- Yesterday it fluctuated in the $4200 range, today it rose to a maximum of $4887, setting a new historical high.
- Market capitalization of approximately 500 billion USD, with a rise of 20% in just a few hours.
(2) Driving Factors
Federal Reserve Chairman Powell released dovish signals in his speech at Jackson Hole, with the market expecting a more than 90% probability of a 25 basis point rate cut next month, becoming a direct driver of the price surge.
(3) Market Analysis
- The characte
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