Cryptocurrencies slip as bounce momentum ebbs; Bitcoin slips 4% to $37,600
Bitcoin dropped 4% in Asia to about $37,600 and the next biggest crypto token, ether, was down 7.5% at $2,676 - leaving both well above deep week-ago troughs but miles shy of the record highs they scaled in April
Reuters | May 27, 2021 | Updated 15:04 IST
Cryptocurrencies slipped on Thursday but without falling through recent lows, as enough traders clung to hopes that the asset class can claw its way back from last week s plunge. Bitcoin dropped 4% in Asia to about $37,600 and the next biggest crypto token, ether, was down 7.5% at $2,676 - leaving both well above deep week-ago troughs but miles shy of the record highs they scaled in April.
Ethereum crosses $3,000-mark, Bitcoin hovers at $58,000
Ether rose 2% on the Bitstamp exchange to hit the milestone early in Asia trade
Reuters | May 3, 2021 | Updated 08:50 IST
Cryptocurrency ether hit a record high of $3,017 on Monday, extending last week s rally in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network.
Ether rose 2% on the Bitstamp exchange to hit the milestone early in Asia trade. It is up more than 300% for the year so far, outpacing a 95% rise in the more popular bitcoin.
Ether is the digital currency or token that facilitates transactions on the ethereum blockchain and it is the second-largest cryptocurrency by market cap behind bitcoin.