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Ethereum on a roll as it keeps racking up all-time highs
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NFT Artists on Money, Opportunity, & What s Next
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Bitcoin and Ethereum Stabilize After a Harsh Correction
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The largest cryptocurrency was trading at about $60,000 early in Asia on Monday, after topping out at $61,742 over the weekend. Bitcoin has climbed more than 1,000% in the past year, pushed higher by signs of increased institutional and corporate interest alongside the usual speculative demand.
Crypto has seen “some good flow, with traders front running U.S. stimulus checks,” Chris Weston, head of research at Pepperstone Group Ltd., wrote in a note, adding Bitcoin needs to stay above the previous high of just over $58,000 to bolster confidence in a “new bull leg.”
The lively debate about whether it’s even possible to work out an intrinsic value for Bitcoin as well as the scope for more stimulus-fueled gains continues apace. The token’s volatile climb from the depths of the pandemic-induced rout in markets last year far outstrips more traditional assets like stocks and gold.
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Greg Waisman, the co-founder and COO of the fintech company Mercuryo, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements.
Bitcoin and Ethereum, the crypto industry’s largest coins by market cap, have seen a lot of new developments lately, which certainly helped their prices recover from the mid-February losses. However, after they recovered to certain higher levels, Bitcoin kept slowly climbing towards its past ATH, while Ethereum appears to be stuck below $1850.
Ethereum Now on Xetra Marketplace, while Bitcoin Gets a Third ETF in Canada
Of course, it is worth remembering that Bitcoin is a network with only one asset – BTC. On top of that, it is the biggest crypto brand, the first and largest coin, and definitely the most dominant cryptocurrency in the market. Ethereum, on the other hand, is a development network, and while most of the new developments tied to smart contracts, DeFi, dApps, an