Ether Holds Near $1.9K as Shanghai Fork Approaches
ETH’s price slid 1.7% on Thursday, the day after reaching its nine-month high. The Ethereum upgrade is scheduled to occur April 12.
Bitcoin
Bitcoin’s Tight Correlation With Nasdaq-SPX Ratio Muddies Safe Haven Narrative
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests bitcoin is still a risk asset.
Craig Wright’s UK Contempt of Court Case Over Alleged Embargo Breach Abandoned
Judges at the High Court in London said they didn’t have the resources to explore the issue fully.
Bitcoin’s Spot-to-Derivatives Trading Volume Ratio Slides to Lowest in 11 Months
The decline indicates renewed risk appetite in the crypto market.
Ether Rallies to 8-Month High, Gains Ground Against Bitcoin
“ETH looks to regain ground against BTC as part of a broader capital rotation play,” one observer said.
Bitcoin Volatility Index’s Correlation With Price Flips Positive, Boosts Appeal of Bullish Call Options
It pays to be a call option holder when the implied volatility is rising along with the underlying asset’s price, crypto observers told CoinDesk.
U.S. Banking System Turmoil Has Spurred Bitcoin Outperformance: Coinbase
The cryptocurrency’s correlation to the S&P 500 stock index dropped to 25% at the end of March, the report said.
ZeroSync and Blockstream to Broadcast Bitcoin Zero-Knowledge Proofs From Space
The two partners say using zero-knowledge proofs will allow Bitcoin nodes to sync quickly from anywhere on earth, “even without Internet.”
Crypto Market March Roundup: Bitcoin Rises Amid Banking Uncertainties, Macro Headwinds
Mask Network’s MASK token surged over 68%, becoming the top-performing token for the month. XRP rose 41%.