The Federal Reserve has hiked interest rates by another 75 basis points. The rate hike comes after the Consumer Price Index revealed that inflation had hit a fresh 40-year high of 9.1% in June.
Now, the crypto market reacted in a positive manner with Ethereum [ETH] leading the charge. However, as per a famed news agency, Wu Blockchain, the Ethereum Merge concept still remains a topic of speculation.
Irrespective of FUDs, and speculations, ETH holders have supported the token. The number of non-zero addresses has reached an all-time high of 84,576,089.
Source: Glassnode
Well, this might just have triggered what’s about to come as highlighted by Santiment. ETH witnessed a massive uptick in daily active addresses (DAA) as it hit an all-time high (ATH).
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