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Weak stocks and declining DeFi use continue to weigh on Ethereum price

  • 📰 Cointelegraph
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Ouch, ETH. As tech stocks and DApp usage go down the red river, Ethereum is trying to keep its head above water.

To understand how professional traders, whales and market makers are positioned, let's look at Ether's futures market data.

These futures should trade at a 5% to 12% annualized premium in healthy markets. This situation is technically defined as"contango" and is not exclusive to crypto markets.Bitcoin price returns to weekly lows under $29K as Nasdaq leads fresh U.S. stocks dive

 

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Robbed

XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

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