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Ethereum has broken through another milestone, hitting a new all-time high of $4,940. The move comes as capital rotates out of Bitcoin and into altcoins, with Ethereum leading the charge.

The surge has already triggered over $80M in liquidations, mostly short positions betting against ETH. At the same time, ETH futures open interest has reached a record $71B, signaling heightened speculation and market activity.

With Bitcoin dipping back to $112,000 and Ethereum eyeing the $5,000 resistance, the big question is whether Ether still has momentum to push higher.

Follow .hubs for sharp, daily crypto updates that cut through the noise.

Markets face a critical week as U.S. economic data and global politics collide. GDP revisions, jobless claims, and the Fed's key inflation gauge could all sway investor sentiment.

On Thursday, GDP and jobless claims land back-to-back, giving a clearer picture of economic resilience or weakness. Then on Friday, the PCE inflation index-closely watched by the Fed-will test whether rate cuts are still on the table.

Beyond data, geopolitics remains a wildcard. Tensions between the U.S. and China, unrest in the Middle East, and the ongoing war in Ukraine could drive volatility across currencies, equities, and crypto.

Follow .hubs for sharp, weekly breakdowns of the events that move markets. less

15 years ago a man paid 10000 BTC for 2 Pizzas 🍕 And Now 1.52 B

[Finance, Bitcoin, Papa John's, India, Crypto, Ethereum, Forex]

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