3 reasons why Ethereum exchange reserves are falling to new lows
Ethereum held in exchange reserves reached a new low after a surge in Ether staked in Eth2 and the approach of the long-awaited London hard fork. Go to Source Powered by WPeMatico
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Buy the rumor, sell the news? $10K Ethereum options are 88% down from their peak price
$10,000 Ethereum options for December 2021 cost buyers $734 each, but today they are only worth $85 and ETH price is 47% away from its all-time high. Go to Source Powered by WPeMatico
Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
CoinShares’ weekly report showed institutional managers are buying into crypto funds again after four weeks of profit taking. Go to Source Powered by WPeMatico
Ether price hits 2-week high as London hard fork momentum builds
The second-largest cryptocurrency by market capitalization peaked north of $2,350 on Sunday, its highest reading since June 18. Bitcoin price stability and anticipation of major protocol upgrades are fueling investors’ appetite for ETH. Go to Source Powered by WPeMatico
Bears back off, but Bitcoin price still wavers below $35K
Bitcoin price briefly surged above $35,000 to spark a relief rally in altcoins but a number of bearish factors still surround BTC. Go to Source Powered by WPeMatico
Bitcoin price bounces to $33K but analysts say ‘it’s too early’ to call a bottom
Dip buyers stepped in as Bitcoin price fell to $29,000 but analysts caution that China’s crackdown on BTC mining and a lack of buy volume mean the crypto market has not found a bottom yet. Go to Source Powered by WPeMatico
Bitcoin price clings to $32K as on-chain metrics hint at further downside
China’s continued crackdown on Bitcoin mining and OTC transactions, along with prolonged technical weakness, triggered BTC’s drop to a 6-month low. Go to Source Powered by WPeMatico
Ethereum price bounce to $2.6K fails to excite neutral-to-bearish pro traders
Ethereum derivatives data highlights the lack of short-term strength as ETH price lags Bitcoin’s recovery to the $40,000 range. Go to Source Powered by WPeMatico
Goldman Sachs’ crypto trading desk expands to Ether
After being critical of cryptocurrencies, the Wall Street investment bank officially embraced Bitcoin earlier this year. It’s now expanding its offerings to include Ether. Go to Source Powered by WPeMatico
Ethereum investment products see largest weekly outflows on record — CoinShares
Despite recording weekly outflows, Ether funds have generated $994 million in inflows this year. Total assets held in ETH funds are nearly $11.1 billion. Go to Source Powered by WPeMatico