After the US June Consumer Price Index showed a surprising 0.4% monthly drop and a year-over-year decline to 3.5%, Ethereum futures buying exploded, especially on Binance which recorded $1.2 billion in taker buy volume within the first hour. This massive volume dwarfed other platforms like Deribit and OKX, indicating a strong directional bet on ETH futures rather than options. The inflation data caused a sharp drop in Federal Reserve rate hike expectations ahead of the July 29 meeting, fueling the rally. However, analysts warn this speculative surge may not guarantee a lasting uptrend, with the upcoming Fed meeting as the next key market event.
Bitcoin has surged about 40% from its July low near $57,700 to trade around $79,000-$81,000 in early September, driven by institutional ETF inflows and favorable macroeconomic conditions. Despite this strong rally—the best August performance since 20...
Bitcoin and Ethereum prices fell as strong US jobs data increased expectations for Federal Reserve rate hikes. Investors anticipate the US Consumer Price Index (CPI) to remain steady at 3.4%, while the European Central Bank (ECB) is expected to raise...
Dash surged 33.6% to $66.55, leading crypto gainers despite Bitcoin falling 1.2% to $79,716. The broader market showed mixed results with altcoins like NEAR also posting gains, while Bitcoin dominance remained high at 59.1%. The Fear and Greed Index ...
Ethereum's price fell from $2,546 to around $2,438 following stronger-than-expected US August jobs data, which raised Federal Reserve rate hike odds to 60%. A major holder liquidated 167,855 ETH worth about $408 million over five days, adding bearish...
Lighter (LIT) surged 13% to a new local high of $4.67, marking its third consecutive day of gains and outperforming both Hyperliquid (HYPE) and Ethereum (ETH) over the past five months. This rally is driven by increased network activity following the...
