Ether Eyes Biggest Monthly Gain Since 2022 as ETFs, Corporate Treasuries Drive Rally

Description

Ether (ETH), the native token of the Ethereum blockchain that turned 10 , just had its best July performance in three years. The second largest cryptocurrency climbed more than 50% in July, peaking at $3,940 before easing below $3,800 towards the end of the month. The last time ETH rose this much in a single month was July 2022, rebounding from the depths of the crypto crash marked by high-profile implosions of Terra-Luna, Three Arrows Capital and Celsius. This time, the rally has a different dr...