Bitcoin hit a high on Wednesday, increasing the likelihood that monetary policy from the US Federal Reserve will be easier.
Top cryptos have grown 3.6% in the last 24 hours, trading nearly $123,500 after a record high of $124,128 early in the trading session. Co Ringecko data.
“Currently, liquidity is being pushed into risky assets, but there are no clear indications of overheating for Swyftx’s lead market analyst Pav Hundal. Decryption. “Funding rates are sufficient within normal ranges across all major global exchanges.”
With the chances of interest rate reductions in September exceeding 90%, low interest rates will encourage borrowing and stimulate spending. Stock markets and crypto tend to increase in such an environment as investors seek higher yields from risky assets.
“When Bitcoin enters price discovery, we focus on David Lawant, head of research at Crypto Prime Brakerage Falconx. Decryption.
“So far, the conditions seem very strong,” Lawant added. Bitcoin has been approaching its all-time high for weeks despite high sales pressure on orders. Such a setup can fuel explosive gatherings as sales pressures recede. ”
The new purchasing pressure and confidence could also be attributed to Washington’s crypto-friendly regulatory environment under President Donald Trump’s administration.
The “Digital Assets Treasury” said Sean Dawson, the main reason for Ethereum’s recent rise, told the head of research at Derive. Decryption on monday. He explained that DATS has the ability to staking rewards, what ETFs can’t do now.
This follows development by the Securities and Exchange Commission in May. Exemption Independent staking from the Securities Act.
With regulatory clarity and increased investor confidence, Dawson expects Ethereum to surge its year-end target at $6,000, reaching between $8,000 and $10,000. He gives these targets odds of 20% to 10%.
“Increased clarity of regulations from Secv. RippleCase Resolution,” said Ryan Lee, chief analyst at Bitget Research. Decryption, This is one of the reasons for the recent rise in XRP.
His target cap for 2025 is $5.81, but he expects long-term widespread recruitment will push XRP prices to nearly $9 by the end of 2026.
Still, the “clear danger” is the market assumption that the Fed will cut interest rates next month, Hundal warned.
“We don’t know what the full impact of the tariffs will be, despite the fact that the Core CPI is etched slightly,” he said. “We feel like the perfect price is plentiful and that makes me nervous.”
