Ethereum (ETH) surged over 5% after U.S. inflation data showed a slowdown to 3.5% in June, below expectations. This eased fears of imminent Fed rate hikes, boosting risky assets like ETH, which broke the key $1,800 resistance and triggered significant short liquidations. Technical analysis suggests ETH could test the 200-day moving average around $2,200, with a potential rise to $2,400 if it breaks that level, signaling a possible end to the bear market. The market is closely watching these levels for confirmation of a sustained uptrend.
Bitcoin surged above $64,000 after US Consumer Price Index inflation came in at 3.5%, lower than the expected 3.8%. This cooler inflation data increased expectations that the Federal Reserve may cut interest rates sooner, which is positive for crypto...
Bitcoin rose 3.38% to $64,749, while Ethereum increased 5.74% to $1,879.82, reflecting positive momentum in major cryptocurrencies. Other coins like Binance Coin and Cardano also saw gains, indicating a broad market uptrend. Stablecoins remained stea...
Crypto buyers are showing renewed interest following a period of low activity and price declines, with Bitcoin rebounding to around $63,000–$64,000. This rebound may signal early signs of market recovery and the potential start of a new cycle, influe...
Ethereum's price has struggled to hold $1,800, currently trading around $1,748. However, large investors known as whales are aggressively buying, accumulating 87,083 ETH worth $153.8 million from exchanges. This significant buying reduces available s...
US Consumer Price Index (CPI) fell 0.4% in June, marking the biggest drop since 2020 and coming in below expectations with headline CPI at 4% and core CPI at 3%. This cooler inflation data increased the likelihood of a Federal Reserve interest rate c...
