Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Ethereum heads north by 10%
On Monday, on the Investing.com Index, Ethereum was seen at $184.47, soaring by about 10.25% on the day. Well, it turned out to be the greatest one-day percentage profit since April 2.
In fact, the move upwards managed to push Ethereum's market capitalization up to about $19.16B, which is 10.44% of the overall crypto market capitalization. By the way, at its highest value, Ethereum's market capitalization accounted for $135.58B.
For the last 24 hours, Ethereum had fluctuated in a band $173.57- $184.47.
For the last seven days, the number two crypto asset, Ethereum has seen a soar in value because it went up by up to 28.02%. By the way, the volume of Ethereum traded for the last 24 hours to time of writing amounted to $8.07B that accounts for about 13.70% of the overall volume of all crypto assets. The digital coin has fluctuated in a band $141.2880-$184.4680 for the last 7 days.
In contrast with Ethereum’s all-time peak of $1,423.20 recorded on January 13, last year, at its current value, the number two crypto asset is still down about 87.04%.
Now let’s have a look at other digital coins.
As a matter of fact, on the Investing.com Index, Bitcoin managed to reach $5,237.6, heading north by about 3.65% on the day.
In addition to this, on the Investing.com Index, XRP ended up with $0.36381, demonstrating a 3.09% leap.
Bitcoin's market capitalization was last seen at $92.31B that amounts to 50.30% of the overall crypto market capitalization, while XRP's market capitalization hit $15.12B that accounts for up to 8.24% of the overall crypto market value.
Similar
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
USD and GBP Traders Await Big Moves
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Latest news
Fed’s Rate Pause and UK Inflation Slows
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
GBPUSD May Strengthen Resulting the Fed and The BOE Meetings
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
Four Banks Fight Against Inflation
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
