Market Gains from Rate Cut Optimism; CRWV Drops, ETH Rises to New Heights
The markets reacted positively as the July Consumer Price Index report met investor expectations, fuelling optimism for a potential 25-basis-point rate cut by the Federal Reserve in September. Kevin Green provided insights into rising Treasury yields and their implications as traders gear up for Wednesday’s market opening. Notably, Ethereum has surged to a four-year high, becoming a focal point for investors amid the potential for monetary easing which may further drive market enthusiasm.