Poor Week for Ether Prompts Research Firm to Reverse Outlook, Advise Favoring Bitcoin Instead
Initial action suggested only very modest interest in the first U.S. futures-based ether ETFs.
Initial action suggested only very modest interest in the first U.S. futures-based ether ETFs.
The last time BTC posted a positive return during September was in 2016.
The broad-market proxy CoinDesk Market Index (CMI) was up 3.8% over the past 24 hours.
The 200-week and 200-day moving averages converge at $27,800, acting as an obstacle to further BTC price gains.
DOGE’s new-found stability reflects lack of investor interest in trading alternative cryptocurrencies.
Rumors of Mt. Gox mulling a delay have been doing the rounds and likely catalyzed the recent bitcoin price bounce.
Hopes for a spot bitcoin ETF and the latest regulatory actions could prove to be further catalysts.
The world’s largest crypto has bounced from a 3-month low below $25,000 hit on Monday.
Investors focusing solely on bitcoin forego more than they may think,