Bitcoin approached 108 thousand dollars: interest rate reduction expectation has excited markets
Bitcoin, after a decline of $ 100,000 last week, gained strength again, increased to $ 107,800. Powell's pigeon discourses on interest rate reduction support both corporate and individual investors and support optimism in the market. Altcoins such as Ether and Solana are also expected to move upward movement.
** While Bitcoin recovered $ 107,000, investors turned their eyes to Ether, Solana and Cardano. Powell’s pigeon descriptions and increasing risk appetite reunite in crypto markets. **
💹 Market Details
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** Bitcoin (BTC): ** $ 107.709, 1.6 %increase
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** Ether (ETH): ** $ 2.481, 1.8 %increase
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** Solana (left): ** $ 144,65, slight increase
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** Dogecoin (Doge): ** $ 0,1645
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** XRP: ** $ 2,1913
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** BNB Chain (BNB): ** $ 647,38
🏦 Macro effects and investor interest
“Crypto will continue the upward trend. Corporate purchases are increasing and Powell’s explicit statements of interest rate cuts quickly strengthened investor confidence.”
- *Nick Ruck, Director of LVRG Research *
Powell said this week that interest adjustments are still on the table, which depends on trade agreements and inflation data. These statements were perceived by the markets as an interest rate reduction signal towards the end of 2025.
📈 technical view
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BTC quickly returned to the 200 -day average and confirmed this level as support.
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The average of 50 days has been recovered, which is seen as a technical sign that can increase my momentum.
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Nasdaq 100 is seen to see new summits, BTC is still 5 %behind.
📊 Investor behavior
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** ETORO: ** 58 %of US investors reconstruct their portfolios in favor of crypto.
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** Coinshares: ** 89 %of investors plans to increase crypto investments in 2025. 75 %actively evaluate market entry opportunities.
🔍 General Evaluation
With the introduction of macro developments and technical support at the same time, Bitcoin gained momentum again. If the market maintains this positive atmosphere, remarkable increases may also be seen in other major Altcoins, especially Ether. Crypto investors are looking for new opportunities for 2025 with the increase in risk appetite.