Ether Tops Its 2021 Record As Fed Chair Hints At Rate Cuts

2025-08-27 02:17:15

(MENAFN- Investor Brand Network) Ether broke past its 2021 all-time high on Friday after Jerome Powell, the Fed chair, suggested the possibility of interest rate cuts, pushing investors back toward riskier assets. Ether jumped 15%, rising to $4,885 and topping its previous peak of $4,866 set in November 2021. Bitcoin also moved up 4% to $117,008.

The renewed investor interest in crypto as the possibility of Fed rate cuts looms is likely to keep exchanges owned by firms like Coinbase Global Inc. (NASDAQ: COIN) busier as retail and institutional...

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