As Ether Pushes Ever Higher, Crypto Traders Plot Price in Bitcoin Terms
The implication is the ongoing capital rotation out of bitcoin and into ether is likely to continue over the coming months.
Market Wrap: Bitcoin Stays Near $55K as Ether Hits Brand-New Record Price
Bitcoin’s stagnant market is due to investors continuing to explore other cryptocurrencies, says one trader.
What’s Driving Ether to Record Highs?
Ether (ETH), the second-largest cryptocurrency by market cap, soared to a new record high on Wednesday. “The Hash” panel suggests the possible reasons driving the price of ETH to new all-time highs and why ether is now garnering investment-research coverage by JPMorgan.
Ether Soars to New All-Time High and JPMorgan Notices
JPMorgan points to better liquidity conditions as reasons behind ETH's outperformance relative to BTC, which could provide a tailwind.
DeFi Pushes ETH Loans at Genesis to New Highs as BTC Rates Drop
ETH loans now make up 27% of Genesis’ loan book, as hedge funds get more comfortable with DeFi.
Market Wrap: Bitcoin Over $55K as Ether Hits New All-Time High
Bitcoin's rise this week comes after a weekend where its price went as low as $47,272.
Ether Hits All-Time High Price Above $2.7K After Rallying 19% in 3 Days
The price move extends the second-largest cryptocurrency's stunning rally this year: It has tripled already in 2021, amid trader enthusiasm over growth in blockchain applications.
Market Wrap: Bitcoin Bounces to $54K as Ether Fees Drop Below Average in Past Week
Bitcoin’s recovery may spark momentum that should persist this week, said one trader.
Polygon Jumps in Crypto Market Rebound, as Ether Congestion Drives Adoption for Rivals
Polygon has seen a 10x rise in the number of transactions since the start of the year.
Market Wrap: Bitcoin Steadies After $300B Market Cap Dump on Taxation Trepidation
Analysts pointed to the Biden proposal to double capital gains taxes on high-income individuals as the catalyst.
