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Stay up to date on the latest crypto trends with our expert, in-depth coverage.

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  • 10:23
    ETH needs to rise by about $160 to reach a new all-time high
    According to Jinse Finance, market data shows that ETH surged past $4,700 today, reaching a peak of $4,712.73. ETH previously hit an all-time high of $4,868 in November 2021. Based on the current price, an increase of approximately 3.45% would see it break its historical record.
  • 10:14
    Data: Bitcoin's Market Share Falls Below 60%, Hitting Lowest Level Since February
    According to ChainCatcher, citing Jinshi News, Bitcoin’s market dominance has fallen below 60% for the first time since February 1. Currently, Bitcoin’s market capitalization stands at $2.39 trillion, while the total cryptocurrency market has surged past $4 trillion, reaching a new all-time high. The price of Ethereum has climbed to $4,700, becoming a key driver of the cryptocurrency rally.
  • 10:13
    QCP: Fed’s September Rate Cut Expectations Boost Ethereum Momentum, Jackson Hole Symposium Becomes Next Focus
    According to Jinse Finance, QCP released its daily market commentary stating that the US July CPI (Consumer Price Index) rose 2.7% year-on-year, below the market expectation of 2.8%. Core CPI increased by 3.1% year-on-year, slightly above the expected 3.0%. The milder overall inflation reading has reinforced expectations that the Federal Reserve will begin a rate-cutting cycle in September, with most market participants now anticipating a 25 basis point cut. Contrary to previous forecasts that goods inflation would rise as companies passed higher costs on to consumers, this time it came in below expectations. Looking ahead, the Jackson Hole Symposium will be the next major focus. It is expected that Federal Reserve officials will signal a 25 basis point rate cut in September at the event. Before the September FOMC meeting, only one more CPI and one more non-farm payroll report will be released, and it is believed that these data are unlikely to materially alter the Fed’s decision.
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