2018-10-11 22:00 |
Enthusiasm for ethereum continues to wane just as bitcoin sentiment begins to shine brighter. origin »
|
The initiative is part of a broader push by the bank to integrate digital assets into its core financial infrastructure. According to the bank, the spot trading capability is fully embedded within its existing trading infrastructure.
Ether (ETH) at $2,770, up nearly 11% this month, outperforming Bitcoin’s (BTC) 5% rise. ETH (45. 2%) now overshadows BTC (38. 1%) in trading volume on OKX’s perpetual futures market. Despite BTC volatility, institutions are “buying the dips,” with long-term holder supply growing, per Glassnode.
Joe Lubin, a prominent long-time advocate for cryptocurrency and a co-founder of Ethereum, has revealed that a pivotal dinner conversation with Michael Saylor, significantly influenced his decision to launch a firm dedicated to investing in Ethereum’s native currency, Ether (ETH).
The total cryptocurrency market hits a new all-time high of $3.025 trillion as bitcoin consolidates around $92,000.
Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.
The launch of Monochrome Ethereum ETF follows the crypto investment firm's spot bitcoin ETF, which went live in August.
The launch of Monochrome Ethereum ETF follows the crypto investment firm's spot bitcoin ETF, which went live in August.