Market Wrap: Bitcoin Stabilizes After China Crypto Ban Sell-Off; Volatility to Remain Elevated
Cryptocurrency trading has calmed, but analysts expect further volatility.
Time’s NFT Launch Sends Gas Fees Spiraling
Time magazine launched a new NFT collection dubbed "TIMEPieces" Thursday, offering "unlimited access" to its website through 2023. All 4,676 tokens, each priced at 0.1 ETH tied to digital artworks, were sold in minutes. But the sale also clogged the Ethereum blockchain, with buyers spending almost four times as much on transaction fees as they did on the NFTs themselves. "The Hash" hosts react, discussing the implications for a historic American institution getting involved in the NFT space.
Institutional Investors Preferring Ether Over Bitcoin Now: JPMorgan
The spread between futures prices and spot prices for the two cryptos is telling, analysts wrote.
Brazilian Investment Bank BTG Pactual Launches Crypto Platform
Mynt, which will be available in the last quarter of 2021, will initially allow exposure to bitcoin and ether.
Ether Options Market Shows Bias for Price Weakness Over 3 Months
As ether buckles, put options – offering downside protection – are drawing higher prices.
Christie’s to Sell Some of the Earliest NFTs – And Only for ETH
A full set of 31 Curio Cards – including a misprint – is expected to fetch between $870,000 and $1.3 million.
Market Wrap: Bitcoin Traders Take Profits Amid Regulatory Crackdowns
Derivative markets are displaying signs of uncertainty, and concerns about regulation are rising.
BTCS CEO: Ether Is ‘Blue Chip’ of Crypto, Expects Price to Double
Charles Allen, CEO of Ethereum-focused infrastructure firm BTCS, discusses his price forecast of ether, given the Ethereum 2.0 upgrade and the burning of over $2 billion worth of new ether as part of that upgrade.
Bitcoin Continues to Chop Around $48K as Ether’s Exchange Outflows Spike
Bitcoin lacks clear direction bias while centralized exchanges see record ether outflow.
Parkpine Capital Managing Director Says ETH Price Could Go to $7500 Next Year
Ahmed Shabana, Managing Director at Parkpine Capital, discusses his analysis, adoption, and price forecast for ether, explaining whether he sees ETH as a store of value or deflationary asset. "95% of our strategy is in Ethereum," Shabana said, suggesting the bullish outlook for the second-largest cryptocurrency by market cap. Plus, other investments he's continuing to watch.