The price of Ether (ETH), the native cryptocurrency of Ethereum, achieved a new all-time high on Feb. 9, 2021. On Binance, ETH rallied to as high as $1,830 merely hours after it started to trade on CME. ETH/USDT 15-minute candle price chart (Binance). Source: TradingView.com
Why is ETH rallying after the CME listing of any importance?
The timing of the ETH rally to a new record-high is noteworthy because of the negative sentiment around it prior to the listing.
In December 2017, CME listed the Bitcoin futures contract for the first time. Within weeks, the price of Bitcoin crashed from... Take a look at the latest cryptocurrency news reports here https://businessnewsideas.com
Take a look at more of our cryptocurrency news videos here: https://www.youtube.com/channel/UClHEuLXhYFR8Ig7JIHhzbyA
Cryptocurrency news https://www.scoop.it/topic/cryptocurrency-news-by-business-news-ideas
Check out these cryptocurrency videos
Crypto Lessons https://vimeo.com/508919331
What is Cryptocurrency and Yield Farming? https://vimeo.com/508106986
Source: https://businessnewsideas.com/2021/02/09/ethereum-hits-a-new-all-time-high-as-cme-futures-go-live-why-is-eth-price-rallying/
https://www.youtube.com/watch?v=JBXK0uu4t1E
No comments:
Post a Comment