Cryptocurrency News

Ethereum price breaks out as ‘bad news is good news’ for stocks

2022.06.25 21:07

Ethereum price breaks out as 'bad news is good news' for stocks
Ethereum price breaks out as ‘bad news is good news’ for stocks

Ethereum’s native token, Ether (ETH), gained alongside riskier assets as investors assessed weak U.S. economic data and its potential to cool down rate hike fears.

ETH’s price climbed up to 8.31% on June 24 to $1,225, six days after falling below $880, its lowest level since January 2021.

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