Daily Archives: 11. Januar 2023

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Ethereum Price Soars 10% as Fed Loosens Monetary Policy

• Ethereum price has been trending upwards over the past week due to improved market sentiment and expectations of looser monetary policy by the Federal Reserve.
• The cryptocurrency has gained 10% in the last week, making it one of the best performing assets in the top 10 by market cap.
• Positive developments in the futures and options sectors have added to the bullish momentum in the Ethereum market.

The Ethereum price has been on the rise over the past week as sentiment in the crypto market continues to improve. The second crypto by market capitalization has seen its price increase by 10%, making it one of the best performing assets in the top 10 by market capitalization. The rally is largely due to macroeconomic conditions and expectations of looser monetary policy from the Federal Reserve.

The current market sentiment is largely based on widespread reports of an economic recession. These reports have caused investors to expect the US Federal Reserve (Fed) to loosen its monetary policy in order to contain the highest inflation recorded in decades. So far, the Fed has hiked interest rates in an attempt to put a hold on the situation. However, if conditions continue to deteriorate, the market believes that the Fed will need to backtrack on its policies, allowing Ethereum and other risk assets to rally.

Today, the Fed will provide further insights on its next steps; if it loosens its policy, the Ethereum price is likely to continue its bullish trend. This sentiment has also been reflected in the futures and options sectors, as Blofin has reported a shift in sentiment for Q1, 2023, compared to Q4, 2022.

Overall, the Ethereum market is continuing to benefit from improved market sentiment and expectations of looser monetary policy from the Federal Reserve. Positive developments in the futures and options sector have added to the bullish momentum, and the Ethereum price could extend its gains if these macroeconomic conditions continue to support the rally. Furthermore, the Fed’s announcement today could provide further insights on the crypto market’s future direction.

Shiba Inu Whale Moves $34.7M, Could Impact SHIB Price

• A Shiba Inu whale has withdrawn $34.7 million in SHIB from Binance.
• The transaction involved 4,000,000,000,000 SHIB on the Ethereum blockchain.
• This could be a sign that is bullish for the price of the meme coin.

Recently, a large-scale Shiba Inu transfer has taken place on the Ethereum blockchain. The transaction involved 4,000,000,000,000 SHIB, which is equivalent to around $34.7 million at the time of the transfer. This sizable movement of the meme coin was likely caused by a whale, as the scale of the transaction suggests that a large investor was behind it.

The data was tracked by the crypto transaction tracker service Whale Alert, and according to the information, the sending address for the transfer was a wallet affiliated with the crypto exchange Binance. The destination was a wallet attached to the SHIB Staking service, which involves investors locking a number of tokens into a contract and earning some rewards for it in return. The transaction fee for this transfer was only $1.44.

The implications of this Shiba Inu whale transaction remain to be seen, as it is unclear what the intent behind the transfer was. However, it is possible that this may be a sign that is bullish for the price of the meme coin. Whenever large-scale movements from whales take place, they can have a visible impact on the market, but whether or not the price will respond to the move depends on the intention of the whale.

For now, investors will be keeping a close eye on the market to see how this Shiba Inu whale transaction will affect the price of SHIB.