Ethereum's price shows potential growth due to recent Tether issuance and investments from BlackRock, along with positive US economic news.
Tether's Issuance on Ethereum
In just one month, Tether issued $20 billion USDT on the Ethereum platform, significantly surpassing Aave's $12 billion active loans over four years. This reflects the growing demand for USDT liquidity and its importance in the DeFi ecosystem.
BlackRock’s Ethereum Purchase
BlackRock made a major investment by purchasing $74.16 million worth of Ethereum in one day, supporting the increasing institutional interest in Ethereum as a major cryptocurrency.
Crypto Markets Respond Positively to US Economic News
Crypto markets reacted positively to the US CPI report. Anticipated rate cuts are likely to boost the value of cryptocurrencies like Ethereum and Bitcoin.
Analysts predict further growth in Ethereum prices due to positive market factors and economic conditions, making it attractive for both retail and institutional investors.
