Bitfinex Alpha | ETH Climbs as BTC Consolidates
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As the annual Jackson Hole Economic symposium of central bankers got underway last week, Bitcoin was on the defensive, sliding nearly 10 percent from its highs as investors de-risked into weaker ETF flows and hotter inflation data. The tone, however, flipped sharply post-symposium after Fed Chairman Jerome Powell struck a dovish balance, sparking a short squeeze across digital assets that lifted majors and restored market confidence. Ethereum outperformed, surging to fresh all-time highs, reaching $4958.70 on Sunday, reinforcing its emerging role as a key liquidity driver for institutional demand, while continued BTC consolidation signals a pause rather than structural weakness.
