CoinEx Daily: Ethereum Surpasses $4,950 as Crypto Market Surges Amid Fed Dovish Signals

Daily View

Over the past three days, the cryptocurrency market has performed strongly. Ethereum broke through its all-time high, reaching $4,955, while Bitcoin remained above $111,000. On the macro front, Federal Reserve Chair Powell signaled a dovish stance, suggesting a possible rate cut in September, which boosted market risk appetite. Meanwhile, several asset management firms, including Grayscale, submitted revised applications for XRP ETFs, and Japan plans to reform its cryptocurrency tax system, further strengthening market optimism.

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