Traders will be eyeing volume for the rest of the business week to see where the price settles, particularly with ether continually hitting fresh levels on the spot market.
Meanwhile, over $20 billion in locked value inside decentralized finance, or DeFi, has been gained in the last month, according to data aggregator DeFi Pulse.
“ETH has been powering for the past two years on the booming DeFi industry with a total value locked above $70 billion,” noted Elie Le Rest, partner at quantitative trading fund ExoAlpha.
“I bet the launch of ETH futures has increased the comfort level of the massive asset managers that have sent U.S.
The price of bitcoin climbed Monday, going as high as $58,812 around 13:00 UTC .
She doesn’t expect the price per 1 BTC to get back to previous lofty heights anytime soon – April was a record month for bitcoin’s price – May might not be so kind, however.
According to data aggregator CoinGecko, the Binance coin token has surpassed $100 billion in market capitalization, reaching as high as $104 billion as of press time.
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