CryptoGlobal

Ether dips toward $2,000 after hotter US inflation data

Ether dropped close to $2,000 after US inflation figures came in hotter than expected, then recovered to about $2,060. Many stakers are holding on to their staked ether rather than withdrawing it. The swings matter to anyone holding ether.

Illustration: A crowd of paper tokens in many shapes and colors fills a bright market stall, seen at eye level.
Illustration

On Tuesday, ether dropped close to $2,000 at one point. The move followed US inflation figures that came in above what had been expected. Inflation measures how fast prices for goods and services are rising, and higher readings can unsettle financial markets.

Later in the session, the price recovered to around $2,060, but the coin still faces pressure. The decline has reached 20%. Across the wider crypto market, fear is described at critical levels in price reviews of several large coins, including Chainlink, Cardano, Dogecoin and Ethereum.

Ether$1,943.40down −22.16%over 1 month
$2,496.59$1,943.4014 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

Staking means locking coins up to help run a blockchain network. Data on staking shows that holders are showing little interest in withdrawing their staked ether, which is an unusual pattern during a sell-off.

The data has raised questions about where the market goes next, and no one can say for sure. Holders of ether, whether they stake or not, will see the value of their holdings move with the price.

$1,000 in Ether

Had you put $ into Ether a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

Where
Global
Published
Section
Crypto
Markets
Ether

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

Back to the front page

More news

Illustration: A large gold paper coin carrying the Bitcoin logo sits on the edge of a stepped cliff of coral and mustard paper, as if it is about to slide down.CryptoBitcoin slides to three-month low as crypto traders lose $599 millionBitcoin fell to its lowest level since August, and Ether dipped below $2,000. Traders who bet on higher crypto prices lost $599 million in 24 hours, adding to a wider slide in the market.Bitcoindown −17.05%1 monthIllustration: A hooded anonymous figure sits in a dark room facing laptop screens glowing red, face unseen, cyan light on wet surfaces.CryptoUS seeks to seize $1.2 billion from North Korea-linked Binance hackThe US Justice Department won court approval to seize or restrain over $1.2 billion stolen from Binance. It also disrupted a $400 million crypto theft scheme that used fake video calls.Illustration: A judge's wooden bench seen from the side in warm lamplight, with a heavy leather book and a small wooden mallet.CryptoLouisiana judge orders restraining order against prediction market operatorsA Louisiana judge has ordered a sweeping restraining order against prediction market operators, including Coinbase, Kalshi and Polymarket. Coinbase is also defending its US stock perpetual futures in court.Coinbase Globaldown −25.85%1 monthIllustration: A lone gold coin on a dark table, drawn in smudged charcoal with one bright yellow pastel highlight, seen up close.CryptoMSCI to drop Strategy from its indexes at November 30 closeMSCI will remove Strategy, the largest company holder of bitcoin, from its equity indexes after November 30. Its chief executive says the change will not derail its bitcoin treasury approach.Strategydown −22.93%1 monthIllustration: A long hallway with closed doors and a single briefcase on the floor, lit by warm evening light.CryptoTrump nominates Steven Levine to replace Hester Peirce at SECPresident Donald Trump has nominated Steven Levine, a Republican lawyer, to replace Hester Peirce at the Securities and Exchange Commission. Peirce led the agency's crypto work before leaving, so the choice matters for how digital assets are overseen.Illustration: Close up, a hand holds a phone with a plain coin on its screen, printed in pink and teal overlapping inks with yellow token shapes floating behind.CryptoGemini revenue falls 19% to $40.9 million as trading slumpsGemini's retail trading volume fell to a three-year low this quarter. Its third-quarter revenue dropped 19% to $40.9 million as trading slowed.