Ether's price surged 7.46% to $2619 following US inflation data showing 3.4% annual growth, in line with expectations. This triggered a relief rally as investors reacted positively to the absence of worse inflation news, with short sellers buying back positions. Tom Lee of Fundstrat highlighted the potential for a broader rally in risky assets but did not set specific targets for Ether. BitMine, chaired by Lee, holds nearly 5% of Ether supply and continues weekly purchases, which could support prices if market conditions remain favorable. However, persistent inflation risks and Federal Reserve policies could still impact the crypto market's trajectory.
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
Ethereum surged 10% within two hours, rising from $2,433 to $2,667, driven by a nearly 14% increase in whale transactions above $1 million. This surge coincided with fresh inflation data and reflected strong demand from large holders rather than reta...
Ethereum has risen from 100th to 61st place among the world's top assets by market capitalization in 2026, reflecting a strong recovery. Its market cap surpassed $300 billion in mid-September, driven by shifts in U.S. inflation data and broader marke...
SUI cryptocurrency price is currently testing a key support level between $0.71 and $0.73 after falling 1.40%, underperforming compared to Ethereum and Solana. Analysts highlight that if buyers defend this floor, SUI could rebound to $0.84–$0.85, but...
Ethereum (ETH) surged over 6.5% in under an hour to reach $2,663, its highest since February, following U.S. Consumer Price Index data that met expectations. This rally triggered $215 million in short position liquidations and reduced ETH's year-to-d...
