Most analysts predict that Bitcoin and Ethereum, Grayscale’s largest trusts, could reach $100K per BTC and $10K per ETH.
Binance Coin (BNB) has registered a strong rally and has surged more than 50% year-to-date to hit its new all-time high. The latest price rally comes just at a time when the company announced the Binance Pay service for its customers.
As the crypto space records growth, Ethereum (ETH) has soared to a new all-time high as well.
Although the price of Ethereum is slightly down from its all-time high at the time of writing, it is a long way up from its lowest price point of $0.4209 attained back in October 2015.
Bitcoin has been the topic of conversation across the finance world as many business tycoons have voiced out their opinions on the digital coin which largely remain positive.
The open interest in Ether Futures has spiked by 50% while the Ethereum buy call options have also shot up significantly. More importantly, institution buying has resumed in Ethereum with its improving on-chain fundamentals.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly recap.
From Gene Simmons’ list of digital assets, both XRP and Dogecoin have been involved in tremendous gains in the past few days mostly fueled by the WallStreetBets speculation frenzy.
Despite its popularity as a platform for DeFi applications, the rampant growth in both the number of DeFi applications and the number of users has put a strain on Ethereum’s infrastructure, leading to a number of challenges that many Ethereum DeFi users now face on a regular basis.
Mark Cuban believes that Bitcoin, Ethereum and some altcoins would be able to pull through just like big internet companies of today.
The latest partnership with the Ethereum Foundation adds up to the already long list of Ethereum-focused projects between the two firms.
Staying bullish on Ethereum (ETH) as a potential growth asset, Galaxy Digital announced new ETH funds with onshore and offshore investment facilities.
Ethereum has a major DeFi lead in several key metrics, including the overall number of DeFi apps, number of DeFi users, number of DeFi developers, and total value transacted through DeFi apps.
Institutional investors are beginning to take more interest in Ethereum. This is very similar to the way they adopted Bitcoin enmasse in 2020.
Though Ethereum alone bears the glory with this current milestone, many factors work synergistically to help the coin attain the record ATH.