The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
Ethereum reached a record high of $1 563
Ethereum has reached a new all-time high of $1 563 on Wednesday, according to CoinDesk. The altcoin rose in value by 16 times since March 2020.
What does it mean for traders?
The world’s second-largest cryptocurrency, which has a market cap of $160 billion, has gained 111% since the start of 2021, outpacing bitcoin’s 24% rise. However, experts see further growth potential. Galaxy Trading expects the price to trade as high as $3,000 in the next few weeks. According to Fundstrat Global Advisors, Ethereum may rise to $10 500. Among the factors positive for the ETH, analysts cited the development of the decentralized finance (commonly referred to as DeFi) and the major upgrade of the cryptocurrency’s network.
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The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.