A new cryptocurrency whale has bought a $ 1.34 billion ether’s worth of ether in the past eight days, exceeding the US spot ether ETF inflows and fueling records in the token price token price leading to basic US inflation data data.
The whale got 312,052 ether (Eth) throughout 10 newly created cryptocurrency wallets, According to In the crypto intelligence platform lookonchain.
The whale earns $ 300 million more than record-breaking inflows in the US Spot Ether Exchange-Traded Fund (ETFS), combined $ 1 billion ether worth On Monday, their biggest sunny net inflows since the launch.
Analysts said billion-dollar accumulation could help push the ether closer to the previous all hours of $ 4,890, more than 12% above the current levels. Climbing demand will come as investors are waiting for consumer consumer prices (CPI) and reports of producer price index (PPI), which may shape expectations for the decision of interest in the interest of the US Federal Reserve.
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89% of investors expect a reduction in September interest rate
CPI and PPI reports are “key” for shaping financial policy expectations, as higher than expected inflation data can “weaken” the investor of appetite and “stall” the current Crypto rally, according to Javier Rodriguez-Alarcón, chief investment official in Crypto Trading and Asset Management Platform Platform Platform. “The rally fits within the usual ETH behavior and can be paused or combined -combine without fresh catalysts.
“This near-neutral Z-Score (–0.06) shows that, despite the size of the transition, it remains well within the normal ETH volatility,” he said, adding that the constant purchase of the corporate treasury could enable the ether to test the previous high time.
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Markets are pricing on an 82% chance that the Fed will keep interest rates stable at the next meeting of the Federal Open Market Committee on September 17, According to In the latest estimates of the Fedwatch tool of the CME Group.
Although, though, See Ether The aggressive earnings from the short-term ether holders, which signed that this cohort could expect a pullback.
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