Crypto Rally Doesn’t Hold After Soft Inflation Data
Bitcoin managed a knee-jerk move above $84,000 after the U.S. CPI report, but returned to roughly flat for the day.
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Bitcoin managed a knee-jerk move above $84,000 after the U.S. CPI report, but returned to roughly flat for the day.
The CESR captures the mean annualized staking rate earned by Ethereum validators.
The Trump administration will unleash a new era of crypto innovation, said ZX Squared founder CK Zheng.
Losses in crypto markets mirrored those in U.S. equities after lesser-than-expected earnings from technology stalwart Nvidia failed to wow investors.
Macro uncertainty combined with carnage in most of the rest of crypto is weighing bitcoin down.
“At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto,” company CEO Gracy Chen told CoinDesk.
“According to ETH’s realized price—the average price at which holders purchased their ETH—the current upper limit for ETH’s price stands around $5.2k,” CryptoQuant said.
ETH surpassed the level for the first time since March.
The investment interest comes after ether added about 60% in a month.
Bitcoin regains some ground following Tuesday’s slide.
Ether teases a return to $3,500.
Traders are piling into ETH derivatives.