A state-backed Shanghai company has started producing advanced lithography machines, breaking the Dutch company ASML's monopoly. This development rattled AI and semiconductor stocks and dragged down the S&P 500, reflecting concerns over US-led chip export controls. Cryptocurrencies also felt the impact, with Bitcoin slipping, but Ethereum showed resilience, posting gains and outperforming Bitcoin for a full month. This suggests a potential shift in crypto capital allocation during market stress, with Ethereum benefiting from its role in DeFi. Investors should watch if Ethereum's strength continues amid ongoing macroeconomic uncertainties.
Cryptocurrency markets display varied price changes with Bitcoin trading around $64,497, slightly down by 0.33%. Ethereum and Binance Coin show minor fluctuations, while several altcoins including Cardano (ADA) and Monero (XMR) experience significant...
Ethereum's value relative to Bitcoin has risen to its highest point in three months, with the ETH/BTC ratio reaching 0.03 on July 27. Over the past month, Ethereum gained about 24%, significantly outperforming Bitcoin's 8% gain. This shift indicates ...
Ethereum (ETH) surged over 4% to trade near $1,962, breaking out of a long-term downtrend and a falling wedge pattern. This bullish move is supported by increased trading volume and positive technical indicators like the MACD and RSI, signaling stron...
BitMine recently acquired 9,946 ETH, increasing its total Ethereum holdings to 5.79 million ETH, which is about 4.8% of the circulating supply. The company has staked 85% of its holdings to earn steady returns through Ethereum's proof-of-stake system...
Ethereum's price surged 4.5% to $1,980 on July 27, driven by $104 million in ETF inflows and Circle's OCC approval, which boosts institutional confidence. This rally liquidated $113 million in short positions, marking a significant shift in market se...
