Digital currency ether hits a record high, stealing bitcoin's limelight

CNBC2021-04-29

Etherhit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined. The world’s second-largest digital currency by market value surged to a fresh record of $2,774 Thursday...

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Comments

StocKing
2021-05-02
StocKing
N
- StocKing:
  H
- TanWeiHan:
  hi
Buddies
2021-04-30
Buddies
Wonderful News [愛心] [強]
Bossiwei
2021-04-30
Bossiwei
Ok
tss
2021-04-30
tss
Bitcoin seems outdated without any updates
Euginelai
2021-04-29
Euginelai
Go
ZenTrader
2021-04-29
ZenTrader
[財迷]

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This led to speculation that the currency is gaining traction among mainstream financial institutions.\nMost major cryptocurrencies were trading higher Thursday, boosted by ether’s rise. Bitcoin, the most valuable digital coin, is down about 16% from its all-time high of almost $65,000 earlier this month. It has still had a stunning rally, though, climbing almost 90% so far this year, on the back of increased interest from institutional investors and corporate buyers likeTesla.\nAt the same time, some investors have warned of froth in the crypto market. Dogecoin, a meme-inspired digital token, rallied on Wednesday after supportive tweets from celebrities like Elon Musk and Mark Cuban.\nAnd plenty of other “altcoins,” or alternative currencies, have also rallied this year. 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We don’t want to talk about Covid all the time. So much of this is about market psychology. We’ve been shut inside and haven’t had any news to talk about.”\nSkeptics of cryptocurrencies say that bitcoin and other digital coins are a speculative bubble. Stephen Isaacs, chairman of the investment committee at financial consultants Alvine Capital, told CNBC earlier this month that he thinks bitcoin is in a “bubble” that will burst, citing risks around regulation and climate change.\nEthereum vs. bitcoin\nEthereum may be coming after bitcoin, but there are some key differences between the two. For one, Ethereum has several software developers building apps on its network. Ether is the native token of the Ethereum blockchain.\nOne popular trend in the so-called “decentralized app” space is NFTs, or non-fungible tokens, digital assets meant to represent ownership of rare virtual items like art and sports memorabilia. Many NFTs are based on Ethereum.\nEthereum is also going through a major upgrade that will push it further from bitcoin, in theory allowing for faster transaction times and reducing the amount of power required to process transactions. Both bitcoin and ether’s networks have attracted criticism from environmentalists over the impact of crypto mining on the climate.\n“Post the network upgrade, Ethereum in particular is proving its use-case, and with developers piling on to the platform, it is little wonder it is gaining so much traction with investors,” said Simon Peters, cryptoasset analyst for online trading platform eToro.\n“Underlying this is demand from institutional investors. 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News [愛心] [強]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103597595","repostId":1196375227,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":103047345,"gmtCreate":1619740927287,"gmtModify":1704271581649,"author":{"id":"3574922071165793","authorId":"3574922071165793","name":"Bossiwei","avatar":"https://static.tigerbbs.com/dfbc991d17c0826fbf583dc8682e96d3","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574922071165793","authorIdStr":"3574922071165793"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103047345","repostId":1196375227,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":103030049,"gmtCreate":1619737986181,"gmtModify":1704271483691,"author":{"id":"3580018165624371","authorId":"3580018165624371","name":"tss","avatar":"https://static.tigerbbs.com/1bfadb5535126e538d3cb06c19f09696","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580018165624371","authorIdStr":"3580018165624371"},"htmlText":"Bitcoin seems outdated without any updates","listText":"Bitcoin seems outdated without any updates","text":"Bitcoin seems outdated without any updates","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103030049","repostId":1196375227,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109419401,"gmtCreate":1619709079903,"gmtModify":1704271224342,"author":{"id":"3577190611611615","authorId":"3577190611611615","name":"Euginelai","avatar":"https://static.tigerbbs.com/f372cf5db2ff096891b722c46529864e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577190611611615","authorIdStr":"3577190611611615"},"htmlText":"Go","listText":"Go","text":"Go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109419401","repostId":1196375227,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109535014,"gmtCreate":1619704382538,"gmtModify":1704728324240,"author":{"id":"3573185706700667","authorId":"3573185706700667","name":"ZenTrader","avatar":"https://community-static.tradeup.com/news/54ea4d7925505ba58774f13dcead058d","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"3573185706700667","authorIdStr":"3573185706700667"},"htmlText":"[財迷]&nbsp;","listText":"[財迷]&nbsp;","text":"[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109535014","repostId":1196375227,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":28,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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