The cryptography market gains steam following a powerful rally led by Bitcoin and Ethereum. Bitcoin broke down decisively above its previous summit of $ 112,000, reaching an Uncharted territory nearly $ 118,000. Meanwhile, Ethereum pushed above the keys to $ 2,850, reviving the momentum through the main altcoins. The escape has fueled growing optimism among investors, many analysts now providing for the start of a wider Bull Run in the coming weeks.
In the midst of excitement, political developments in the United States added a new layer of speculation. Rumors swirl that Jerome Powell, president of the Federal Reserve, plans to resign. The news comes just when US President Donald Trump continues to put the Fed for interest rate drops – an economic strategy that Powell has not yet continued. While the markets digest the possibility of a new leadership at the Central Bank, the potential change in monetary policy could have a significant impact on risk assets, including cryptocurrencies.
With the action of bullish prices aligning on a Macro Pivot backdrop, confidence is the confidence that crypto could enter a new phase of growth. Investors are now looking closely to see if the gathering can be held and if the leadership changes to the Fed still accelerate capital entries in digital assets.
Crypto Market looks closely at rumors of the resignation of a nourishing chair intensify
The cryptography market enters an uncertain but potentially explosive territory while speculation swirls around a possible change in leadership at the American Federal Reserve. William J. Pulte, American director of federal housing, amplified the conversation by sharing a striking declaration by the Chairman of the Board of Directors of Fannie Mae. “I am encouraged by reports that Jerome Powell plans to resign. I think it will be the right decision for America, and the economy will be booming,” said the press release, echoing growing calls for a central bank more favorable to the market.
Quoting himself, Pulte added fuel to the fire when rumors surrounding the future of Powell intensified. No president of the federal reserve in recent history has drawn as much attention from the supported media as Jerome Powell. While the headlines have repercussions in financial circles, the bond market has responded with caution – areas have increased new daily summits, indicating that investors did not completely dry up the possibility of resignation.
However, the stakes are enormous. If Powell resigns, his probable successor could be aligned with President Donald Trump, who has repeatedly called a spectacular drop in basic points of 300+. Such a decision would mark one of the most aggressive monetary pivots in modern history, and its impact on risk assets – in particular crypto – could be monumental.
A diet endowed by a chair aligned on Trump would create ideal conditions for the rotation of capital in digital assets, potentially triggering a sustained cryptographic bull race. The markets are waiting now, preparing for confirmation – or denial – of what could be a historic turning point for traditional finances and digital assets.
Total market capitalization of cryptography is approaching the rupture area
The total market capitalization of cryptography increased to 3.63 billions of dollars, displaying a gain of 9.10% on the weekly candle and approaching its top of all time almost 3.75 billions of dollars. The graph shows a strong continuation of the upward trend that started at the beginning of 2023, marked by higher stockings and an expanding volume. The market capitalization has repeatedly rebounded the 50 -week mobile average, a sign of sustained bullish dynamics.
After months of consolidation, this recent escape attempt is important. The market is now releasing the heights set earlier this year, and a clear break up of 3.75 billions of dollars could open the door to a Uncharted territory. If confirmed, this would mark the highest total evaluation in the history of cryptography.
The volume has increased in parallel with this decision, suggesting growing confidence and wide participation. The new all time of Bitcoin above $ 112,000 and the rupture of Ethereum above $ 2,850 was the main catalysts, which drew higher altcoins in tandem. An escape confirmed in total market capitalization would validate the broader narrative of the bullish market and could trigger institutional entries and a renewal of the interests of retail.
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