{"id":47322,"date":"2025-09-12T20:16:41","date_gmt":"2025-09-12T20:16:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47322"},"modified":"2025-09-12T20:16:41","modified_gmt":"2025-09-12T20:16:41","slug":"bitcoin-ether-catch-friday-afternoon-bids-rise-to-three-week-highs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47322","title":{"rendered":"Bitcoin, Ether Catch Friday Afternoon Bids, Rise to Three-Week Highs"},"content":{"rendered":"<div>\n<p>The big upside action in major cryptos of late has been in altcoins such as solana (SOL) and dogecoin (DOGE), with SOL sporting a 17% gain over the past seven days and DOGE a 25% advance. Among the bullish arguments are coming ETFs and newly-formed crypto treasury companies focusing on those two tokens.<\/p>\n<p>Mostly forgotten as investor capital moved elsewhere were the two largest cryptos, but both are catching bids late in the U.S. trading day on Friday.<\/p>\n<p>Bitcoin (BTC) is now ahead 2% over the past two hours to $116,600 and ether (ETH) is up 5% to $4,650. Both prices are the highest since the wild action in the third week in August that followed Federal Reserve Chairman Jerome Powell&#8217;s Jackson Hole speech.<\/p>\n<p>In that speech, Powell unexpectedly flipped from staunch monetary policy hawk to dove, saying the weakening labor market deserved more attention than the stubbornly high inflation rate.<\/p>\n<p>Interest rate traders reacted quickly, sending odds of a September rate cut from somewhat possible to a sure thing, with only the size \u2014 25 basis points or 50 \u2014 left for debate.<\/p>\n<p>In the hours following Powell, bitcoin flew from about $112,000 to more than $117,000 but that paled in comparison to the action in ether.<\/p>\n<p>Below $4,300 ahead of the speech, ETH soared more than 16% in less than 48 hours, nearly cracking $5,000 for the first time ever.<\/p>\n<p>Within hours after that, though, the bull move fell apart, and more, with ETH sliding all the way to about its pre-speech price and bitcoin tumbling all the way down to $107,000 by the end of August.<\/p>\n<p>Next week finally brings the much talked about Fed meeting, and <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">traders universally expect <\/a>the U.S. central bank to trim its benchmark fed funds rate by 25 basis points  to 4%-$4.25%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The big upside action in major cryptos of late has been in altcoins such as solana (SOL) and dogecoin (DOGE), with SOL sporting a 17% gain over the past seven days and DOGE a 25% advance. Among the bullish arguments are coming ETFs and newly-formed crypto treasury companies focusing on those two tokens. Mostly forgotten [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-47322","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47322"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47322\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}