Ethereum (ETH) has jumped by 34% in the past 30 days, outpacing all other tokens in the top 5 during this period, after a couple of macro tailwinds.
The latest speech from the Chairman of the Federal Reserve, Kevin Warsh, during the Jackson Hole summit managed to pause the crypto rally but only temporarily, as most tokens have recovered during the weekend.
Trading volumes in the past 24 hours jumped by 39%, currently sitting at nearly $9 billion. This figure accounts for nearly 3% of the **** et's circulating market cap, indicating that the buying interest has subsided a bit.
Market sentiment improved dramatically in the past couple of weeks after the U.S. Securities and Exchange Commission (SEC) proposed a new set of rules for the crypto industry that front-run Congress's expected approval of the Clarity Act.
The Crypto Fear and Greed Index has jumped to 78, indicating that investors are in "Greed" mode. This is the highest reading since December 2024, back when the ETH was rallying to $4,000.
#jumped #tokens
The latest speech from the Chairman of the Federal Reserve, Kevin Warsh, during the Jackson Hole summit managed to pause the crypto rally but only temporarily, as most tokens have recovered during the weekend.
Trading volumes in the past 24 hours jumped by 39%, currently sitting at nearly $9 billion. This figure accounts for nearly 3% of the **** et's circulating market cap, indicating that the buying interest has subsided a bit.
Market sentiment improved dramatically in the past couple of weeks after the U.S. Securities and Exchange Commission (SEC) proposed a new set of rules for the crypto industry that front-run Congress's expected approval of the Clarity Act.
The Crypto Fear and Greed Index has jumped to 78, indicating that investors are in "Greed" mode. This is the highest reading since December 2024, back when the ETH was rallying to $4,000.
#jumped #tokens
4 days ago
