Jakub porzycki | Nurphoto | Getty images
Ether After hitting a fresh all -time high in the weekend, pulling back to start the week.
According to Coin Matrix, the price of the second largest cryptocurrency fell 5% to $ 4,588.85 on Monday. On Sunday, it reached a new record of $ 4,954.81 after killing an all -time high Friday First time after 2021,
During this time, Bitcoin $ 111,501.74 was less than 1%. In the weekend, it fell to $ 110,779.01, its lowest level since 10 July. Flagship cryptocurrency hit it The most recent record On August 13, $ 124,496.
Both coins have eradicated their profit from Friday, when Crypto Assets flew with a wide market after Federal Reserve Chair Jerome Powell Indicated on the upcoming rate cut And the investors returned to the risk-on mode. According to co -operating, in the last 24 hours, long bitcoin positions in the last 24 hours have long conditions of more than $ 245 million and sales of more than $ 175 million.
Ether (eth) and bitcoin (BTC)
Ether, rather than bitcoin, has been leading the crypto marker for several weeks, thanks to regulator tailwinds, a boom in interest in stabecoin and buying an N Mass by a new recorte of corporate ether accumulation.
The change in leadership has helped to support Eth, which has maintained a level of $ 4,000 this month, which was after 2021 since 2021 failed to fail a failure of resistance marks.
“Buyers are ultimately larger than sellers,” said Ben Kurland, CEO of Crypto Research platform Dier. “ETH ETFs are depicted to stable flow, and public companies have begun to consider Eth as a treasury asset that they can share for yield – a sticky form of demand in comparison to retail speculation.”
He said, “In addition, almost a third of supply is closed in stacking, scaling solutions are mature and, with a rate cut on the table, the cost of capital is falling,” he said. “Those forces changed $ 4,000 from a resistance level in the foundation of the next chapter of the re -pricing ETH.”
