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Recently, the Crypto Assets market has shown a diverse trend, attracting close follow from investors.
The Bitcoin (BTC) market has shown resilience, quickly rebounding after a brief dip, demonstrating strong support. However, analysts remind investors to remain cautious, believing that the current moment may not yet be the time for a trend reversal, and suggest avoiding blind chasing of highs.
Ethereum (ETH) has become the market focus, refreshing its historical high for the first time in four years. This wave of growth is mainly driven by spot demand, coupled with slightly exuberant market sentiment, pushing prices to the current level. It is expected that in the coming days, the market will enter a correction phase, mainly focusing on liquidity accumulation and technical indicator repair.
OKB continues to perform strongly. Although it is already at a high level, it still holds investment value supported by favorable narratives. The market generally believes that its upward momentum has not yet been exhausted.
At the macro level, Federal Reserve Chairman Powell stated at the Jackson Hole meeting that the risks of the labor market performing below expectations are rising, and the economic outlook is progressing in a direction favorable for restarting interest rate cuts. This statement is interpreted as slightly dovish and may have potential implications for the Crypto Assets market.
At the same time, political factors are also influencing market trends. Trump issued a stern warning to Federal Reserve Board member Cook, stating that if he does not resign voluntarily, he will be fired, sparking discussions about the independence of Federal Reserve policy.
In addition, the token WLFI related to the Trump family is scheduled to open airdrop and trading on the Ethereum network at 8 PM on September 1, attracting the attention of some investors.
Overall, the current Crypto Assets market presents a complex situation, and investors need to weigh multiple factors and make prudent decisions.