Ether’s Price Rally Above $3.2K Appears Spot-Driven, Boding Well for Further Gains
- Date: 03-May-2021
- Source: Yahoo News
- Sector:Technology
- Country:Middle East
Ether’s Price Rally Above $3.2K Appears Spot-Driven, Boding Well for Further Gains
The derivatives market likely played a role in pushing bitcoin’s spot market price to a level not seen in almost two weeks. Meanwhile, the ether market seems to be decoupling from bitcoin, for now.
Bitcoin (BTC) trading around $56,996 as of 21:00 UTC (4 p.m. ET). Gaining 7.5% over the previous 24 hours.
Bitcoin’s 24-hour range: $52,604-$57,219 (CoinDesk 20)
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