Ether’s surge to $4,700 is driven by expectations of a US rate cut in September, but analysts warn of risks if it doesn’t happen. Market sees 95.8% chance of a cut. ETF flows and funding rates are high, with Ether up 74% in a year. Charles Edwards remains bullish on Ether’s future.

Not all economists are convinced of a September rate cut. Some, like Ellen Zentner, doubt the Fed will act based on market expectations. Jeff Schmid believes the current rate is appropriate. July US CPI shows inflation at 2.7%, unchanged from June. Uncertainty looms over the Fed’s decision.

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Bitcoin hits new record high of $63,000 as institutional investors drive demand. The cryptocurrency has seen a 114% increase in value this year. Experts predict continued growth as more institutions adopt it as a hedge against inflation and economic uncertainty. PayPal and Tesla are among the companies that have embraced Bitcoin.

Ethereum reaches all-time high of $2,500 as demand surges. The cryptocurrency has gained 188% in value this year, outperforming Bitcoin. Analysts attribute the surge to increased interest in decentralized finance (DeFi) and non-fungible tokens (NFTs) built on the Ethereum network. Investors are optimistic about its long-term potential.

Dogecoin experiences 400% surge following Elon Musk’s tweet. The meme-based cryptocurrency reached an all-time high of $0.45, gaining mainstream attention. Musk’s tweets have a significant impact on Dogecoin’s price, leading to increased volatility. Retail investors are driving the demand for Dogecoin, attracted by its low price and community-driven nature.: Ether Price May Wobble If Fed Doesn’t Cut Rates: Analysts