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Crypto prices bounced this week as the market seemingly looked to price in easing trade war tensions, with no landmines perceived in the Federal Reserve’s interest rate decision or this week’s economic data releases.
Among the biggest winners of the price action was beleaguered ETH, which rallied 22% on Thursday to break above $2k for the first time since late March and posted its largest daily gain since 2021. Correspondingly, the ETH/BTC ratio popped as much as 30% off its Thursday lows, representing Ether’s best period of outperformance since mid-2022 in the months ahead of the Merge.
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