Crypto
ETH Rallies on Stablecoin Growth and ETF Inflows
Ethereum reclaimed the $2,500 level on Thursday after the stablecoin market cap began expanding, growing by $4.1 billion over the past two weeks.
This expansion marks its first two-week growth since mid-May, when the crypto market fell nearly 30% after a brief bear-market rally.
The total stablecoin market cap has increased by roughly $2.37 billion in the past seven days, indicating new money is flowing into the crypto market and providing investors with more buying power.
US spot ETH exchange-traded funds (ETFs) have added $1.18 billion across eight consecutive trading days, their longest positive streak since April.