Ether Hits $4K for First Time in More Than Two Years
The second-largest cryptocurrency last surpassed that level in December 2021.
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ETH
The second-largest cryptocurrency last surpassed that level in December 2021.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The surge comes ahead of the anticipated halving event and rising inflows on bitcoin ETFs.
Bitcoin is trading at a premium in many of the world’s currencies because of their relative weakness to the USD
An expected pre-halving rally is a good spot to realize short-term profits, one market observer said.
Ether is now the largest single asset held by institutions, with Bybit speculating that this may be because of an upward swing from the Dencun upgrade.
“Without a bounce from here, we could see a deeper correction begin, potentially as low as $47,000-$49,000,” one trader said.
Although the larger part of the cryptocurrency sector seems to be slowing down its previously accumulated (massive) gains, some of … Continue reading
The post ‘Face-ripping rally’ coming for XRP, say experts appeared first on Finbold.
Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders.
Institutional interest in digital assets means that crypto terms such as ‘Nakamoto Coefficient’ are now mainstream issues.