$BTC $ETH $SOL
What is the reason for this rise?
1. Slowdown in US inflation: Inflation data came in below expectations, increasing optimism for potential interest rate cuts from the Federal Reserve, supporting the upward trend in markets including cryptocurrencies.
2. Increased institutional demand:
ETH: Massive investments pumped from funds such as "iShares Ethereum Trust" and "Fidelity’s Ethereum Fund," along with the treasuries of major companies.
BTC: Large purchases like "Nakamoto Holdings Inc." were among the factors accelerating the rise.
3. Activity in the market at the level of "futures": Sharp increase in "open interest" for ETH futures contracts, reflecting speculative and institutional activity.
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Summary
Bitcoin: Heading towards $120–122 thousand, supported by expectations of interest rate cuts and a positive market nature, along with new large buyers.
Ethereum: Experiencing a significant rise above $4,500, driven by strong institutional demand, futures activity, and improvements in network infrastructure.
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