“Beyond … bitcoin pushing to a fresh record high, the market should perhaps be paying attention to what could be a more bullish development,” Joel Kruger, market strategist at LMAX Group, said in a Thursday market update. “The crypto market is looking for a resurgence in the decentralized finance space, with Ethereum playing an important part in this initiative.” Source
Elevated interest rates in the U.S. have dented ether’s appeal as the internet equivalent of a bond, offering a fixed-income-like return on staking. Source
Investors say a Trump administration will favor DeFi applications and tokenomics more, given the family’s backing of World Liberty Finance – riling up DeFi-focused trades. Source
Recent figures reveal that the 12 spot bitcoin exchange-traded funds (ETFs) faced outflows totaling $116.9 million, making it a challenging session. Meanwhile, the nine ether ETFs remained in a steady state, showing neither gains nor losses during Tuesday’s trading. Mixed Results for Crypto ETFs While bitcoin hit a new all-time high on Nov. 5, earlier […] Original
Over the past five years, the ratio has risen from 0.02 to a peak of above 0.08 in early 2022, meaning ETH quadrupled in value relative to BTC at the time. Since then, it’s been on decline. Even as BTC set a lifetime high, ether has yet to break through its high from 2021 and is down 46% from its peak. Source
Recently roughed-up bitcoin miners like Marathon Digital (MARA), Riot Platforms (RIOT) and Hut 8 (HUT) were sporting gains in the 3%-5% range. Crypto exchange Coinbase (COIN) was higher by 3%, though remains lower by about 10% over the past few sessions following a disappointing third quarter earnings report. Source
Este artículo también está disponible en español. This week has witnessed remarkable growth in the global cryptocurrency market, spearheaded by Bitcoin. Today, the total market capitalization of the cryptocurrency market stands at $2.44 trillion, an increase of 1.61% from the previous day. Most of the digital assets are in the green zone meaning that their prices are rising and the outlook of the market is generally positive. Related Reading In this latest market frenzy, one storyline is attracting attention and some analysis: while Bitcoin is outperforming the rest and retesting…
Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines. Original
Ether itself has remained in the same trading range since early August, with the current level of $2,700 providing two firm rejections on Sep. 27 and Oct. 21. During that period bitcoin surged from below $60,000, yesterday testing its record high from March of just shy of $73,800. Ether remains about $2,000 below its record high set all the way back in November 2021. Source
Spot Bitcoin exchange-traded funds in the U.S. recorded $479.35 million in inflows on Oct. 28 marking their fourth straight day of net inflows while spot Ether ETFs saw a slowdown in net outflows. According to data from SoSoValue, the majority of the inflows were seen from BlackRock’s IBIT, the largest Bitcoin ETF by assets under management, which saw $315.2 million enter the fund, extending its inflow streak of 10 days. Since its launch, the fund has amassed $24.3 billion in cumulative net inflows. This strong performance from IBIT was complemented…