Ether to Blame for Bitcoin’s Decline?
Bitcoin has undergone a bit of a blunder and fallen by $10 since our last price piece. At press time, the currency is hovering at around $440, and some are feeling a bit nervous all over again. As the bitcoin price falls, many are wondering: is Ether to blame? Is Ether Taking Over? As usual, price analysts had been predicting massive drops in recent weeks; the sentiment among true cryptocurrency advocates was that these thoughts were flukes, and it was probably a little too early to worry. Now, however, the old “soothsaying” is taking an even greater turn, and analysts are labeling the....
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Bitcoin’s price is sitting well below its record highs and some miners are selling more coins than usual. But should investors be concerned?
The price of Bitcoin took a dive during June 20th from a high of $737 USD at 23:00 UTC and has floored to $666 at press time on Bitcoin.com’s Kaiko index. Some are blaming the Bitfinex outage, which took place on June 20th’s overnight into the morning of June 21. Some are still shook up over the debacle of Ethereum and the DAO, which took place last....
Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until it ended its 11-week streak with inflows for last week. However, this does not mean that positive sentiment had returned entirely to the cryptocurrency once more. The numbers on the CME show that institutional investors remain wary and even bearish toward the second-largest cryptocurrency in the market. Ethereum Falls Into The Negative The Ether futures on the CME have been trading on a negative basis lately, which basically means they are trading below spot.....