Oh, you thought the cryptocurrency drama was over, didn’t you? Well, sit tight! According to Bitfinex’s very own Jag Kooner, Bitcoin and Ethereum are poised for yet another glorious climb. Yes, they’re not done making waves just yet, all thanks to the ever-chaotic macroeconomic world!
Despite the wild rollercoaster of volatility, Bitcoin (BTC) and Ethereum (ETH) are looking at another surge. Why? Because of the magical forces of the macroeconomic environment. Kooner, who holds the throne as the Head of Derivatives at Bitfinex, claims that the stars are aligning for a digital asset breakthrough. It’s all in the fine print of the Federal Reserve’s guidance and those oh-so-wonderful consumer spending reports. Kooner spilled the tea to crypto.news on May 28.
Here’s the thing: The Fed is getting cozy with the idea of inflation creeping in, thanks to those good old tariffs. If they’re nervous about inflation, Kooner thinks the Fed will keep rates stuck in place. But wait, there’s more: the Core Personal Consumption Expenditures (PCE) data could throw a wrench in the dollar’s mighty reign.
“The Core PCE data on Friday will be the most binary macro event. Market pricing expects stability; any downside surprise below 2.6% y/y (core) will trigger a compression in real yields and dollar softness, catalyzing capital back into crypto,” Jag Kooner, Bitfinex.
If the dollar falters, where will traders run? That’s right, they’ll flock to crypto like moths to a flame. Kooner pointed out that there’s a flood of institutional money coming in—$1 billion worth of net inflows into Bitcoin and Ethereum ETFs alone by the end of May 25. Yeah, it’s a party!
Is Bitcoin, Ethereum price set for another rally? Oh, Absolutely!
Now here’s the juicy bit: Ethereum might just be leading the charge for the altcoins. Kooner says that ETH is up 6% against BTC after some recent lows. And no, this isn’t just some retail frenzy—it’s the big boys of the financial world getting involved. Looks like crypto’s not just for the weekend warriors anymore.
“This is the beginning of what might become Phase 3 of the crypto bull cycle, where BTC strength stabilizes, ETH accelerates, and capital spreads out across selective altcoins,” Kooner noted about Ethereum’s recent growth.
Of course, when this grand rally happens will be anyone’s guess—because, surprise, surprise, it all depends on the state of the macro environment. If the Fed’s minutes and PCE data play nice, we could see another glorious surge in the markets.
“The underlying takeaway for traders: crypto isn’t overbought, it’s underallocated—macro just decides how quickly capital flows in,” he concluded.
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2025-05-28 20:08