Ethereum's native token Ether (ETH) plunged alongside other cryptocurrencies on Dec. 4. Still, its move downside did not deter it from hitting a three-year high against Bitcoin (BTC), the world's leading crypto by market capitalization.The ETH/BTC exchange rate jumped a little over 11.50% to hit 0.0835 BTC for the first time since May 2018. The pair's price rally appeared in … [Read more...] about Ethereum acts as a ‘hedge’ in Bitcoin price crash as ETH/BTC hits 3-year high
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Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair
This week, Ether (ETH) price reached a new 2021 high against Bitcoin (BTC), bringing its year-to-date returns slightly above 350% and according to technical analysis, the rally could extend even further.On Dec. 1, bids for the ETH/BTC pair hit 0.0835 BTC on Coinbase for the first time this year. The upside move came as a part of an uptrend that started mid-October after Ether … [Read more...] about Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair
Bitcoin (BTC) Sentiment Remains Negative, Nears 3-year Lows
Crowd sentiment towards Bitcoin continues to dip to negative territory Bitcoin sentiment is at negative levels last witnessed in October 2020 At current rates, it could keep falling to negative levels last seen in June 2018 The Crypto fear and greed index is at 20, its lowest since April 2020 Bitcoin’s price action remains uneventful with $33k being the level to watch during … [Read more...] about Bitcoin (BTC) Sentiment Remains Negative, Nears 3-year Lows
Crypto market sinks by $300B while Bitcoin transactions near 3-year low
The global crypto market lost $200 billion overnight leading into Tuesday morning, adding to $300 billion losses for the week. Momentum pushed the global market cap down since Bitcoin (BTC) hit a recent peak in April, followed by an altcoin peak in early May. Following $1.1 trillion losses since then, the previous quarter’s growth has been completely eradicated across the … [Read more...] about Crypto market sinks by $300B while Bitcoin transactions near 3-year low
Ethereum price aims for $5K after reaching 3-year high versus Bitcoin
Ether (ETH) set a second all-time high on May 12 as the largest altcoin continued on its way to what analysts say will be $5,000.ETH/USD 1-hour candle chart (Bitstamp). Source: TradingviewFunding rates could hold key to ETH resilienceData from Cointelegraph Markets Pro and TradingView tracked ETH/USD as the pair put in two all-time highs in a single day on Wednesday.Part of the … [Read more...] about Ethereum price aims for $5K after reaching 3-year high versus Bitcoin