On Thursday, August 14th, the crypto assets market witnessed a milestone day. Bitcoin (BTC) and Ethereum (ETH) both broke through historical highs, triggering a fervent response from the market. Multiple factors are at play behind this groundbreaking event.



First, the expectation of a rate cut by the Federal Reserve in September has boosted the market, injecting a strong dose of confidence. At the same time, news about the U.S. potentially appointing the next Federal Reserve chairman early has also circulated in the market. These factors have collectively driven a comprehensive rise in the Crypto Assets market.

However, the market's focus is not limited to this. The upcoming Russia-US meeting has become another focal point. Investors are closely watching whether this meeting can achieve a ceasefire agreement, thereby completely resolving the Russia-Ukraine conflict. The development of this geopolitical event will undoubtedly have a profound impact on the global financial markets, including the Crypto Assets market.

Meanwhile, the market is closely watching the upcoming unemployment claims and PPI (Producer Price Index) data. These economic indicators may influence the Federal Reserve's future interest rate adjustment decisions, which in turn could affect the direction of the entire financial market.

In such a complex market environment, the performance of Bitcoin and Ethereum is particularly noteworthy. Bitcoin has been fluctuating in the range of $121,700 to $122,300, with the market expecting it to challenge a new high of $125,000. Meanwhile, Ethereum has been oscillating in the range of $4,700 to $4,730, with the market generally optimistic about its potential to reach $4,850.

In this round of rising market conditions, an interesting phenomenon of the back-and-forth struggle between bullish and bearish forces has also emerged, further increasing market uncertainty and investment opportunities.

Overall, the current Crypto Assets market is in a critical period filled with opportunities and challenges. Investors need to closely monitor the changes in various macro factors, while also being vigilant about the potential for severe market fluctuations. In this rapidly changing market, maintaining calm and rationality is crucial.
BTC-2.47%
ETH-2.33%
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WhaleSurfervip
· 7h ago
Wake up, everyone is trading cryptocurrencies.
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AirdropHunter9000vip
· 08-14 06:49
I already knew the bull run was coming.
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DefiOldTrickstervip
· 08-14 06:46
This little bull is younger than 2017, I'm going to continue shorting.
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MechanicalMartelvip
· 08-14 06:42
The bull run is finally here again!
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gas_fee_therapistvip
· 08-14 06:39
Made money again.
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HallucinationGrowervip
· 08-14 06:31
Don't worry about the long or short positions, just go for it.
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GateUser-c802f0e8vip
· 08-14 06:22
BTC charge charge charge, let's do it this way!
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