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Ether Breaks $1.6K on Merge Hype, Crypto Funds Price in July Rate Hike

QCP Capital expects the Fed will raise rates by 75 basis points next week.

Major cryptocurrencies posted gains on Friday with ether breaking the $1,600 level amid a run-up in broader equity markets in Asia and Europe. (Lance Grandahl/Unsplash)
Major cryptocurrencies posted gains on Friday with ether breaking the $1,600 level amid a run-up in broader equity markets in Asia and Europe. (Lance Grandahl/Unsplash)