Ether Is Going to Shine Again, Steno Research Says
The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said.
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The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said.
It is unclear if all these wallets belong to the same person or entity.
The Bank of Japan won’t rush to repeat hikes of the yen, which triggered a market meltdown in July.
The broad-based CoinDesk 20 Index outperformed BTC and ETH, with all of its constituents advancing through the day and SOL, AVAX and APT gaining 10%-15%.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The service will be offered to existing Commerzbank corporate clients in Germany, and will start with bitcoin and ether trading.
Ether has bounced off its 200-week simple moving average, reinforcing long-term support.
Polymarket traders have their money on four to five more rate cuts this year.
Former president reportedly bought burgers using bitcoin at the crypto-themed bar.
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