Crypto today news and Bitcoin and ETH catch fire
Cryptocurrency News today
This Article will updated crypto currency news , trends day by day and up today! Of course with some analytics, comments and or some information. May be together with; What’s up, What’s down, and or Mind of the Market….Yeah, we can say that it actually analysis the world market and write some words of our views
| Shaker | 7:45am EST 2nd Mar 2021 | |
| Crypto: Biggest price rise COMP14.63% | Equities: Biggest price rise ROKU6.62% | Bitcoin $49,134.29 |
| Crypto: Biggest price loss ADA-3.80% | Equities: Biggest price loss EWZ-0.93% | XRP $0.44 |
| Crypto: Biggest vol increase* DCR328.01% | Equities: Biggest vol increase* AAPL19.62% | Tesla $720 |
What’s up
| Risk On! FED Powered Rally Boosts BTC |
| Bitcoin got a boost from the Fed which yesterday reiterated its spigot-on stance. MicroStrategy, meanwhile, revealed more BTC purchases and two big banks scramble up aboard the bandwagon. At Citi, analysts made a splashy if hedged forecast, that BTC was at a “tipping point” in terms of possibly being on the verge of global mainstream adoption; and Goldman Sachs declared its return to crypto trading (Decrypt). BTC rose 3.2% over 24 hours as of 6 a.m. (EST) on Tuesday. The next largest crypto, Ethereum, did the exact same thing. In the past month, BTC is up 44%, nestled now just below $49K. |
WHAT’S DOWN
| Cardano, Bronzed, Rested, Ready For Action |
| Cardano (ADA) spent the past week gearing up for monumental mainnet action, basking in a price run and taking its spot as bronze medalist behind the top two digital assets by market capitalization, Bitcoin and Ethereum. ADA, as Mamma Cass once belted, has to go where it wants to go, do what it wants to do. And so, on cue, ADA fell 3% over 24 hours. |
What is coming
| ETH geared up to run on its very own tune |
No matter a current correction, Ethereum enthusiasts can smile. Most of them, anyway: some 96% of the circulating ETH supply is now in a state of profit (Nairametrics).
Ethereum might seem haggard of late, but all in all it has risen 15% over the past 30 days, to about $1,570 as of 8 a.m. (EST) Tuesday.
One year ago today, ETH was about $230. It would go as low nearly $100 during the initial ‘this just got real’ phase of the pandemic. After a fleeting encounter with $2K – the all-time ETH high, per CoinGecko, was $2,042.93 on Feb. 20 – the second largest crypto sprinted toward the drain.
Earlier this morning, ETH seemed like it wanted to get into a track meet with BTC. However, longer term, ETH could compete in a more compartmentalized fashion, set apart as a much more BTC-indifferent animal, grazing on smart contract facilitation, oblivious to the wild antics of big brother.
According to Nanyang Technological University researchers, Ayana T. Aspembitova, Ling Feng and Lock Yue Chew, cited by InvestorPlace, ETH’s enthusiasts, compared to BTC’s, are, apparently – alas, quantifiably – a more stable bunch.
Hinting at instability are derivatives exchanges sending bearish ETH signals i.e. there’s a shortage of buyers (AMB Crypto).
Recently, ETH suffered a 10% drop in 24 hours. That’s a strangely severe spike in volatility. At least today’s stir puts ETH at the meet, in a tracksuit, ready for action.
Rating and Comments
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