Ether Cryptocurrency Nears Record High Amid WSB Trading Buzz
Analysts say the trading movement started by WallStreetBets may boost adoption of ether and other cryptocurrencies.
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Ether's derivative market looks overheating amid the cryptocurrency's rally to new record highs.
The cryptocurrency has gained 30% so far this week.
The price of ether, the native digital asset on the Ethereum blockchain, neared $20 for the first time ever on 14th June, approaching the milestone as it appeared to break out of its old trading patterns. In recent weeks, market observers asserted that ether had been displaying a negative correlation, with the older, more established digital currency bitcoin. However, the two currencies failed to exhibit this relationship during today’s session, as ether saw price growth that happened in spite of declines in the price of bitcoin. Ether’s price fluctuations also notably took place amid....
Another day, another all-time high in bitcoin as the cryptocurrency changed hands as high as $28,871.78.
Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained 5.6% hovering above $379 billion during the afternoon trading sessions. Digital currency markets have increased a great deal during the last 24 hours as the aggregate crypto market capitalization is nearing $400 billion. The price of bitcoin (BTC) spiked on Wednesday morning after Paypal revealed cryptocurrency support during the morning trading sessions. BTC has....