News Formal

BTC Outperforms Broader Crypto Market, Ether Price Drop Mirrors Bitcoin ETF Launch

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

BTC outperformed the wider crypto market as measured by the CoinDesk 20 Index during the Friday Asia trading session.

"This situation is very similar to the bitcoin ETF product launches at the beginning of the year," CoinShares analysts said in an emailed note. The Grayscale Ethereum Trust is following the same path but faster, making the decline a"prime buying opportunity," said Mads Eberhardt, a crypto analyst at Steno Research.

Rachel Lin, CEO and co-founder of SynFutures, disagreed, saying she expects short-term pain for ETH traders.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Markets Lost $100B Overnight as BTC, ETH Plunged to Weekly Lows (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »