Bitcoin is Rising, But Ethereum is Stealing the Show: Approaching All-Time High
@Ethereum
Ethereum's current all-time high is $4,891. This record was broken in November 2021. After nearly four years, the second largest cryptocurrency in the market is preparing to retest this level.
Bitcoin, which has held the lead throughout the cycle, seems to have given way to Ethereum in recent days. Although BTC maintains its strong performance, market momentum has currently shifted to Ether.
Support for Staking in Ethereum ETFs is on the Agenda
It is believed that positive legal regulatory steps taken during the Donald Trump administration have had an impact on the price increase. The discussion of adding staking features to Ethereum ETFs, in particular, has created optimism in the market.
Until now, staking has not been possible in Ethereum ETFs. This situation has led investors to miss out on potential return opportunities. If this regulation is implemented, the attractiveness of ETFs will significantly increase.
Markets Expect Interest Rate Cut in September
The probability of an interest rate cut in September is still quite high. Interestingly, this expectation persists despite the consumer price index (CPI) coming in above expectations yesterday. Normally, rising inflation and a strong economy reduce the likelihood of an interest rate cut.
#ETH #Ethereum #crypto #Binace #ETHRally
$LTC
$PERP
@Ethereum
Ethereum's current all-time high is $4,891. This record was broken in November 2021. After nearly four years, the second largest cryptocurrency in the market is preparing to retest this level.
Bitcoin, which has held the lead throughout the cycle, seems to have given way to Ethereum in recent days. Although BTC maintains its strong performance, market momentum has currently shifted to Ether.
Support for Staking in Ethereum ETFs is on the Agenda
It is believed that positive legal regulatory steps taken during the Donald Trump administration have had an impact on the price increase. The discussion of adding staking features to Ethereum ETFs, in particular, has created optimism in the market.
Until now, staking has not been possible in Ethereum ETFs. This situation has led investors to miss out on potential return opportunities. If this regulation is implemented, the attractiveness of ETFs will significantly increase.
Markets Expect Interest Rate Cut in September
The probability of an interest rate cut in September is still quite high. Interestingly, this expectation persists despite the consumer price index (CPI) coming in above expectations yesterday. Normally, rising inflation and a strong economy reduce the likelihood of an interest rate cut.
#ETH #Ethereum #crypto #Binace #ETHRally
$LTC
$PERP
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