News

Ethereum Is Down, Awaiting 21 Sept Of New Fed’s Interest Rate

All crypto investors are looking for the date of Sept 21, when Fed is expected to launch a new higher Fed interest rate. The end of this week witnessed the Ethereum level down as a slide.

The event of The Merge on Thursday showed the red on the trading board. Ethereum slide from $1,580 to $1,335, down at least 6% just one hour after the Merge and a total of 15% yesterday as of this writing. 

That means Ethereum was down up to 22% the whole last week. In the traditional market, CPI and other indicators on Nasdaq and S&P 500 also showed declines.



The crypto market has witnessed the evaporation of ETH price from the “merge surge”. Some investors like Doctor Profit also showed his point of selling all ETH on Twitter.

In July, the Federal Reserve meeting resulted in the yield of a 0.75% Interest rate. So, the world is looking to the event in the two next coming days, which is expected to a big increase percentage.

In the article of World Economic Forum titled: “The US makes most aggressive interest rate hike since 1994”, the FED interest rate has increased its create by 75 basic points, up to 1.75% over the 40 years.

Ethereum Is Down, Awaiting 21 Sept Of New Fed’s Interest Rate 2

In the article of World Economic Forum titled: “The US makes most aggressive interest rate hike since 1994”, the FED interest rate has increased its create by 75 basic points, up to 1.75% over the 40 years. The Fed Interest rate could be up to 3.4% by the end of this year.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Ken

CoinCu News

Victor

Recent Posts

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

23 mins ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

2 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

3 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

6 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

9 hours ago

This website uses cookies.