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Sonakshi Saxena
May 6, 2023
by Sonakshi Saxena

Reasons Behind Today's Ethereum Price Surge as it Tests the $2K Level

eth price test $2k

Table of contents

  1. Bitcoin soars as major indices finish up; Floki Inu to list on Binance
  2. Apple, banks lead the market up; Fed signals rate hikes may be coming
Ethereum isn't just a crypto resource for see a cost knock. Bitcoin, the benchmark cryptographic money and computerised gold, rose to approach $29,800 as a 3% cost increment took bulls to inside the now exceptionally desired $30k level. With investor risk appetite returning after recent dips, both Bitcoin and Ethereum are hoping to benefit from an uptick in investor sentiment.

Bitcoin soars as major indices finish up; Floki Inu to list on Binance

Memecoin mania returned, and Pepe (PEPE) and Floki Inu (FLOKI) prices surged after being listed on Binance, bringing the total cryptocurrency market cap above $1.27 trillion. The major indices all turned green after a four-day losing streak, indicating a rebound in crypto prices as the US stock market ended the week higher. The S&P 500 shut 1.85% down, the Dow Jones Modern Normal added 546 focuses, or 1.65% and the Nasdaq shut down 2.25% higher.

Apple, banks lead the market up; Fed signals rate hikes may be coming

The market saw positive returns as stocks rebounded, led by Apple (AAPL) shares, which rose to a nine-month high following the iPhone maker's better-than-expected quarterly report. After a massive sell-off earlier in the week, the market also saw some recovery in regional bank stocks, with PacWest shares one of those to recover after falling over 60%.

Chair Jerome Powell of the Federal Reserve gave hints that the central bank might stop raising interest rates. Nonetheless, with the current week's solid position information, everyone's eyes will be on the CPI information as financial backers assess the expansion marker.

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eth price rise eth price on $2k
Reasons Behind Today's Ethereum Price Surge as it Tests the $2K Level
Sonakshi Saxena
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

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