ETH returns to 4,700, SOL's market capitalization surpasses BNB, encryption reserve stocks rebound comprehensively.

Wall Street ended a strong week on a calm note, with the stock market maintaining near historical highs, and consumer data did not change expectations that the Federal Reserve (FED) will cut interest rates next week. The total market capitalization of Crypto Assets rose to $4.07 trillion, with Ether (ETH) bouncing back to $4,700, driving a comprehensive rise in Ethereum reserve companies. Solana (SOL) also surged above $240, reaching a high since February. The recent addition of the emerging player Forward Industries among SOL reserve companies has injected significant momentum into the market; BNB once surged to $929, setting a new historical high, but its market capitalization has been surpassed by SOL.

The Federal Reserve is expected to cut interest rates next week, and the US stock market remains at historical highs.

Wall Street's strong week ended on a calm note, with the stock market remaining near historical highs and bonds falling, as consumer data did not alter expectations for the Federal Reserve to cut rates next week.

The Nasdaq index closed up 0.44% on Friday, led by Tesla, at (9/12). The S&P 500 index hovered around the flatline. On Thursday, all three major indices hit record highs, with the Dow Jones Industrial Average breaking 46,000 points for the first time, and all three major US stock indices rose this week.

Consumer confidence has fallen to its lowest level since May, with long-term inflation expectations rising. Previously, data depicted a slowing labor market, leading investors to strongly favor three rate cuts this year.

According to economists surveyed by Bloomberg News, the weakness in the job market may prompt the Federal Reserve (FED) to implement a series of interest rate cuts starting next week. The median estimate among respondents anticipates two rate cuts by the end of the year, but more than 40% of economists expect three rate cuts.

ETH returns to 4,700 dollars, SOL attacks 240 dollars, BNB hits a new high.

The total market capitalization of Crypto Assets increased by 1.37% to $4.07 trillion, Bitcoin's dominance fell to 56.7%, while Ethereum rose to 14%, and the altcoin season index rose to 70.

ETH returns to $4,700, driving a comprehensive surge in Ethereum reserve companies. BitMine (BMNR), led by Tom Lee, surged over 15% yesterday, while SharpLink (SBET) also rose over 8%.

Solana (SOL) has surged strongly above 240 US dollars, reaching its highest point since February. The recent addition of new forces in SOL reserve companies has injected significant momentum into the market. Forward Industries (FORD), which has received investment from the three giants Galaxy Digital, Jump Crypto, and Multicoin Capital, raised as much as 1.65 billion US dollars, and its stock price has skyrocketed for several consecutive days, also driving up other SOL reserve companies, with UPXI soaring nearly 19% and DFDV rising nearly 10%.

( Forward Industries raises 1.65 billion! Galaxy, Jump, and Multicoin join forces to enter the SOL reserve battlefield )

BNB once surged to 929 USD, setting a new historical high. However, its market capitalization has been surpassed by SOL.

This article discusses ETH returning to 4,700, SOL's market capitalization surpassing BNB, and a comprehensive rebound in crypto asset-related stocks, first appearing in Chain News ABMedia.