Today news
About the same in other media
Crypto rally lifts ether to new record, bitcoin to near 3-week high
Reading now: 167
moneycontrol.comBitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record as cryptocurrencies ride higher on a wave of momentum, flows, favourable news and inflation fears.
Bitcoin was last up about 3% at $65,121 and ether, which underpins the ethereum network, sat at a record top of $4,711.
Ether is up 57% since the start of October and bitcoin about 50% as investors have cheered last month’s launch of a U.S. futures-based bitcoin exchange-traded fund and sought exposure to an asset class sometimes regarded as an inflation hedge.
Falling real yields, as traders brace for inflation, adds to the attractiveness of assets such as gold and cryptocurrencies which do not pay a coupon, said Kyle Rodda, analyst at broker IG Markets,
Read more on moneycontrol.comAbout this in other media
IoTeX ‘MachineFi’ rebrand backs 200%+ rally to a new all-time high cointelegraph.com /2 years ago
NYC Real Estate to Record a Bitcoin-Exclusive Deal cryptonews.com /2 years ago
Cryptocurrency Ether’s record run set for pause, charts suggest economictimes.indiatimes.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
