Investors are now buying Ethereum (ETH) at a 750% premium; a smart investment or Robinhood-esque FOMO?BTC $9442 (+1.3%) • ETH $236 (+1.7%) • XRP $0.19 (+1.2%)
Ethereum demand is surging, if Grayscale's data is considered. Despite an ongoing dip in prices as of June 12, demand for an institutionally-aimed ETH product has increased multifold, with investors paying a huge premium to an institutional cryptocurrency firm for Ether exposure. However, the surge does not necessarily mean Ethereum is facing groundbreaking institutional demand, one analyst notes.
More news ⏬PrimeXBT Research: Why this week’s Fed meeting signals major market volatility ahead
This week, the Federal Open Market Committee held a meeting regarding the state of the economy and revealed that there would likely be no interest rate increases until 2022 at the earliest. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Cardano (ADA) parent company IOHK joins Hyperledger
IOHK, the company behind the Cardano (ADA) blockchain, has joined Hyperledger, an open-source community focused on developing blockchain technology. STO Platform launches on Wanchain with Oracle Innovation Partner of the Year “Talium”
Wanchain is extremely delighted to announce a partnership with the French securities and software as a Service (SaaS) company Talium with the launch of the first Security Token Offering (STO) platform on Wanchain. Last time Bitcoin printed this technical signal, it rallied nearly 3,000% — and it’s back
Bitcoin’s inability to decisively break above the $10,000-10,500 resistance level hasn’t been seen as the most bullish of signs by investors. Bitcoin’s correlation with equities places BTC in a precarious position; 3 factors to consider
Bitcoin has been flashing some immense signs of overt weakness throughout the past several days, and this appears to be reflected in its price action as it trades around the lower boundary of its long-held range at $9,300. Prominent Bitcoin trader expects XRP to plunge 90% as price breaks below crucial support
Certain crypto assets have performed extremely well over the past few weeks. Crypto market sheds $20 billion as “blue chip” tokens lead selloff
The crypto market bore witness to a sharp decline today that came about following a failed attempt to rally seen yesterday. Featured event
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