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NEW YORK (Reuters) - Investment inflows into cryptocurrency funds and products amounted to $245 million last week, with 80% of the money going into ethereum ahead of the listing of its futures on the Chicago Mercantile Exchange, according to the latest data on Monday from asset manager CoinShares.
Altcoin & DeFi Market Booming: Chainlink (LINK) Sets New Record-High amid Bitcoin Consolidation Jan 25 2021 · 11:31 UTC | Updated Jan 25 2021 · 14:54 by Bhushan Akolkar · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. Chainlink has emerged as the best performing crypto over the last week with its price moving past $25 over the last weekend. Also, the massive surge in DEX activity has led to a rally in the DeFi market with the total value locked going past $26.5 billion. After last week’s sharp correction, BTC has been consolidating majorly at $33,00...
Visa Inc. (NYSE: V) or Mastercard Inc. (NYSE: MA), Grider noted. “Blockchain computing may be the future of the cloud,” as per the Fundstrat strategist. Why It Matters: Ethereum has outperformed Bitcoin (BTC) in 2021 so far, hitting an all-time high of $1,432.44 earlier this week. The cryptocurrency is leading the pack of smart contract- and DeFi-related digital assets that are seeing a surge of late, including Polkadot (DOT), Aave (AAVE), SushiSwap (SUSHI), Uniswap (UNI), and Curve Dao Token (CRV). At press time, Bitcoin traded 2.6% lower at $34,339.31. Ethereum is trading 4.4% lower ...
Major indices worldwide traded higher on Thursday as President Joe Biden taking office on Wednesday restored investor optimism of a more significant stimulus. Futures: The Dow futures are up by 0.15%, and the S&P 500 futures are trading higher by 0.24% on the last check Thursday. WTI crude futures are down by 0.41% to $53.09, while gold futures are trading higher by 0.16% at $1,869.50. Ten-year Treasury yield is down 1.3 bps at 1.077%. The VIX...
Jan 21, 2021 06:52 GMTCrypto News The crypto community awaits the launch of CME Ether futures on February 8. The derivatives are anticipated to be a game-changer for Ethereum amid the new record high. Technicals and on-chain metrics suggest that Ethereum is poised to rally to a new all-time high of around $1,700. Ethereum hit a new all-time high at $1,446 on Tuesday, bringing back attention to the altcoins. Intriguingly, the majestic price action comes two weeks before the Chicago Mercantile Exchange (CME) launches Ethereum futures. Analysts and speculators believe that this launch is going t...