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Ethereum surged to a two-month high above $1,900 on Thursday, as the token continued to rally following yesterday’s U.S. inflation report. Inflation in the United States was at 8.5% in July, giving traders some optimism on a potential gradual recovery. Bitcoin was also in the green, as prices moved closer to $25,000. Bitcoin Bitcoin (BTC) […]Powered by WPeMatico
Cryptocurrency markets are showing significant upside this Thursday after trading sideways for most of the week. Yesterday’s CPI data shows that inflation remained unchanged for July, with the gasoline index falling 7.7%. The favorable CPI data is a significant driver for today’s crypto market bull run. Furthermore, cryptocurrencies registered a 6% growth in the overall market capitalization today, pushing the market to $1.16 trillion. Key Points: Bitcoin price soars past $24.5k bearing its 1-month high, trading volume up 67%. Ethereum price rises above $1,900, attempting to break its 3-month high, trading volume up 85%. Favorable CPI data fuel today’s crypto
The post Bitcoin and Ethereum Prices Show Significant Upside After July’s CPI Data Release appeared first on The Merkle News.
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Risk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.
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A slew of Ether’s technical and fundamental indicators support a push toward $2,500 by September.
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With the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merger set for mid-September.
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After Aug. 10’s neutral CPI print, Bitcoin and altcoins are attempting to flip stiff overhead resistance levels to support in order to prepare for the next leg up.
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The Ethereum scaling solution has surpassed $1 billion in total value locked within a matter of weeks.
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Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the token surged back above this point. Bitcoin was trading lower, as it continued to hover below $24,000. Bitcoin Bitcoin (BTC) was […]Powered by WPeMatico
We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated.
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“USDC as an Ethereum asset can only exist as a single valid version,” says the team at Circle.
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