Was Ether’s Bitcoin-Beating Surge a One-Off, or Has The Tide Really Turned?
Key options market gauge suggests ether could continue to see more action than bitcoin in the coming weeks.
Key options market gauge suggests ether could continue to see more action than bitcoin in the coming weeks.
BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.
Saylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday.
Fees spiked to as high as 270 gwei late on Thursday, the veri shows, temporarily touching a level last seen in June 2022.
The news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients.
CME’s rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.
Bitcoin hit an 18-month high near $38,000 before pulling back sharply.
The world’s largest asset manager has already made waves by seeking to list a bitcoin ETF
BTC and ETH both surged to milestone levels amid bitcoin ETF optimism, but some shorts and longs got badly burned.
The iShares Ethereum Trust was registered as a corporate entity in the state of Delaware earlier Thursday.