Today news
About the same in other media
Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair
Reading now: 580
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 bottomed out against Bitcoin at 0.0630 BTC to carve out almost 41% price retracement.
The ETH/BTC price rally reflect deep interest in Ethereum, which is currently the world's leading smart contract platform by users and market capitalization. This is slightly different than the scenario for Bitcoin, which typically functions as a speculative hedge against inflation
Read more on cointelegraph.comAbout this in other media
Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17 cointelegraph.com /3 years ago
Inflation Is Near a 40-Year High. Here’s What It Looks Like. wsj.com /3 years ago
Kirobo Launches the Liquid Vault, a Consolidated DeFi Infrastructure with Backup and Inheritance Solutions cryptonews.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
