Ethereum hits a new all-time high as CME futures go live: Why is ETH price ra...
The price of ETH, the native cryptocurrency of Ethereum, achieved a record-high on CME launching dedicated futures. The price of Ether (ETH), the native cryptocurrency of Ethereum, achieved a new all-time high on Feb. 9, 2021. On Binance, ETH rallied to as high as $1,830 merely hours after it started to trade on CME.ETH/USDT 15-minute candle price chart (Binance). Source: TradingView.comWhy is ETH rallying after the CME listing of any importance?The timing of the ETH rally to a new record-high is noteworthy because of the negative sentiment around it prior to the listing.In December 2017,....
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Ethereum trends show it’s becoming more valuable as ETH 2.0 draws near. Thus, institutional investors are clamoring to get in on the action before it is too late. A signal for this has been ETH Futures have been trading at a higher basis premium than BTC Futures on CME. ETH Futures have continuously traded at a higher rolling basis than BTC Futures for the past three months. This could show that institutional investors are more bullish on ETH’s future in comparison to BTC. But other factors have also led to the ETH Futures trading so high. Related Reading | Ethereum Fee Burns Clocks....
The same day that a Bitcoin futures ETF gets publicly listed on the NYSE in the U.S., bitcoin hits a new all-time high against the euro.
According to data from Bitstamp, the USD price of 1 BTC has eclipsed its previous all-time high of $19,666 set on December 13, 2017. The post Bitcoin Price Hits All-Time High appeared first on Bitcoin Magazine.
Ethereum futures are now live on the CME exchange. But what does that mean exactly and how do you trade them?
The price of bitcoin surpassed its all-time high touching $20,800 on Wednesday morning (EST). At the time of publication, the crypto asset is up over 6% during the last 24 hours with a whopping $380 billion market capitalization. Bitcoin has touched a two-week high reaching $20,800 per coin on Wednesday, December 16, 2020. The price has crushed the previous all-time high (ATH) captured on December 1, 2020, at $19,920. After reaching the ATH on Wednesday, nearly 100% of all BTC in circulation is in a state of profit. There is currently 18.5 million BTC in circulation which gives the crypto....