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On August 12, Ethereum broke through $4,700, setting a four-year high. @CryptoHayes , who had taken profits early last week, also bought back Ethereum on August 9; Bitcoin also set a new high, and the total market value of cryptocurrencies rushed to $4.2 trillion, and market sentiment was completely ignited. Traditional markets were also thriving. The S&P 500 and Nasdaq 100 both hit new records, accelerating global liquidity flows into risky assets. The US dollar index (DXY) fell below 98, further opening the floodgates for capital inflows into the stock and crypto markets. This macroeconomic environment not only solidified the upward trend but also bolstered investor confidence in high-risk assets. Meanwhile, the market is virtually certain that the Federal Reserve will cut interest rates at its September 17th meeting, with…# Analysis# bitcoin# crypto# defi# ethereum# Exchange# Market# Token# ToolPre
Hyperliquid stablecoin USDH becomes a hot commodity in the industry, with giants vying for distribution rights.RecommendNext
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- Original translation: Felix, PANews Key points: Around 61% of all ETH is held by just 10 addresses, but most of them belong to staking contracts, exchanges, or funds, rather than individual whal...