Tag Archives: Ethereum

Ethereum Investment Funds Saw Record Outflows of $50M

Ethereum Investment Funds Saw Record Outflows of $50M

Investors are exiting digital asset investment products, including funds focused on bitcoin (BTC, +4.33%) and ethereum (ETH, +14.74%), as a wave of negative sentiment weighs on cryptocurrencies. Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions. Ethereum products suffered net outflows of $50 million last week, the largest […]

Market Wrap: Bitcoin Declines Into the Weekend, as Volatile Month Continues

Market Wrap: Bitcoin Declines Into the Weekend, as Volatile Month Continues

The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March. Bitcoin traded lower on Friday as the price struggled near the $35,000 resistance level. The cryptocurrency was trading around $32,000 at press time and is down about 8% over the past 24 hours. Some analysts expect continued weakness […]

Bitcoin, Ether Hit New All-Time Highs on Eve of Coinbase Listing

Bitcoin, Ether Hit New All-Time Highs on Eve of Coinbase Listing

Bitcoin and ether (ETH, +6.17%), the two biggest cryptocurrencies, surged to new all-time high prices on Tuesday, the day before the highly anticipated Coinbase listing on Nasdaq. Prices for bitcoin (BTC, +4.35%) (BTC), the oldest cryptocurrency and the largest by market value, rose 6% on the day, reaching as high as $63,661 around 15:40 coordinated universal time (11:40 a.m. ET), […]

Bank of America Sees DeFi ‘Potentially More Disruptive Than Bitcoin’

Bank of America Sees DeFi ‘Potentially More Disruptive Than Bitcoin’

There is “no good reason to own BTC unless you see prices going up,” the bank says, but it is intrigued by decentralized finance. “Bitcoin is the most talked about cryptocurrency but Ethereum [the blockchain] has more features, including being more flexible” in its hosting of decentralized finance (DeFi) than the Bitcoin blockchain, according to Bank of America. […]

Watch Out for These Risks Before Investing in Bitcoin or Ether

Watch Out for These Risks Before Investing in Bitcoin or Ether

Twelve years after its creation, regulating bitcoin is still complicated in most countries. That’s just one of the investment risks. There are a number of risks associated with holding and investing in cryptocurrencies. In the latest CoinDesk Research report, we look at seven different risks, from the regulatory to the technological, that affect bitcoin (BTC, +0.59%) and ether (ETH, -1.43%), and […]

First Mover: What’s Next for Ethereum After Cryptocurrency Hits All-Time High

First Mover: What’s Next for Ethereum After Cryptocurrency Hits All-Time High

The Ethereum blockchain is growing fast thanks to DeFi, and some traders say the ether cryptocurrency could notch further gains. Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks. Ether (ETH), the second-biggest […]

Multiple Tokens See Rally Amid Looming ‘Alt Season’

Multiple Tokens See Rally Amid Looming ‘Alt Season’

Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action. As prices for bitcoin and ether retreat from their recent highs, the strong performance of other cryptocurrencies indicate traders and investors may now be turning to alternative coins (altcoins) for potential high returns. Data compiled by […]

First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K

First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K

Bitcoin was heading back toward the all-time high price of $19,920 notched earlier this week. “So far, prices remain constrained, either with sellers unwilling to part with their coins at any lower price or buyers unwilling to take further bets on a rally,” Matt Blom, head of sales and trading at the cryptocurrency-focused financial firm […]

Bitcoin Explodes to New Yearly Highs at $18,700 Amid Wall Street Support

Bitcoin Explodes to New Yearly Highs at $18,700 Amid Wall Street Support

Bitcoin is exploding higher once again after consolidating under $18,000 for a number of days. The leading cryptocurrency just minutes ago passed $18,700 for the first time since the top of the previous bull market in 2017. The coin is up approximately 6% in the past 24 hours, having bounced back from the local lows in the […]