4 Key Reasons Why Ethereum Price is Pumping Today?

Quick Summary:

Ethereum price has been dropping for some time now, losing value against Bitcoin and drawing closer to getting flipped by Tether (USDT) in terms of market cap.

As of September 17, Tether is just $160 billion away from claiming the second spot.

The positive CPI prompted boosted investor confidence in a potential rate cut on September 18, resulting in a spike in the amount of ETH staked to 130,000 ETH by over 4,000 investors.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: ETH Price Analysis Ethereum price Ethereum Price Analsysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 12:29:37 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 51 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22567139

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

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