CRYPTO MARKET UPDATE
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Why is ETH up and why is going for an all time high?
Is XRP decentralized?
Is BNB the best token available?
Why did DOGE drop?
What is the future of ADA or Cardano?
In this video we will update you on the world of Crypto currencies. What is going on right now?
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#StockSmarts #ETH #CryptoInvesting
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The second-largest cryptocurrency by market capitalization, Ethereum (ETH), crossed the psychologically important $4,000 barrier minutes before press time in the last hours of Sunday. What Happened: ETH touched an all-time high of $4,067.85 on Sunday night. At press time, the cryptocurrency was trading 3.86% higher at $4,047.46. ETH has rallied 32.77% in a seven-day trailing period. Bitcoin (BTC), the top cryptocurrency by market cap, trailed both daily and weekly returns of ETH. For the week, BTC is up 2.47%, and on a 24-hour basis, it was up 1.22% at $59,456.33.
DOGE traded 2.96% lower at $0.52 at press time. The meme cryptocurrency fell by as much as 30% hours after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s appearance on “Saturday Night Live” where he mentioned the coin several times.
Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Going Up ARK Investment Management, also known as Ark Invest, published a research note last week explaining three key reasons why ethereum is breaking out to new all-time highs. The first reason the firm’s analyst mentioned was “Increased institutional interest.” Ark Invest pointed out that a number of ether exchange-traded funds (ETFs) have launched in Canada, making it easier for institutional investors to gain exposure to the price of ETH.