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

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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

 

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

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.

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:

 /  🏆 562. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

MicroStrategy trading at 18-month low following crypto and stock market dropMicroStrategy's stock price has fallen amid a downturn in crypto prices and the world's financial markets. Buy the dip
Source: TheBlock__ - 🏆 464. / 53 Read more »

Asia stocks weighed by inflation concerns, China tech sellingAsian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.
Source: Reuters - 🏆 2. / 97 Read more »