$ETH Update — What’s Happening in the Market?

Good news! The big picture for the economy is looking better. Some strong reports and a new agreement between the U.S. and China helped calm the markets quickly.

Bitcoin's price went up, which is great — but what’s even more interesting is that its share of the market (called "dominance") might be dropping. This usually means investors may start putting money into other coins, like Ethereum and other altcoins.

With Bitcoin getting close to its highest price ever, big investors often move their money into smaller coins next — and that could be great for altcoins!

Lately, the economic numbers have been really strong. If the U.S. central bank (led by Jerome Powell) still doesn’t lower interest rates now, people might start thinking he’s not making sense anymore!