Market Experts Evaluate US Inflation Data and Ethereum (ETH)!
Experts stated in the latest report that they are waiting for data from the US.
QCP Capital, which has recently come to the agenda of the cryptocurrency sector with many successful predictions, continues to share daily reports. QCP Capital analysts, who shared a new market report as of today, drew attention to US inflation data.
Experts, who stated that traditional financial markets and the cryptocurrency sector are waiting for data from the US, mainly included the following information in the latest report:
Japanese stock prices returned to pre-crash levels today.
However, investors continue to be cautious ahead of the US CPI data to be announced this week.
Investors will closely follow inflation figures to get guidance on whether the FED will cut interest rates by 50 or 25 basis points in September. The possibilities are currently equal.
Ethereum spot ETFs saw cumulative inflows exceed $901 million after the net inflow yesterday.
Grayscale, in particular, reported zero outflows for the first time. This has provided strong support for the ETH price. These developments could be a catalyst for a more significant recovery for ETH.
