Ether extends gains, bitcoin slides after hitting a new record
Publishing timestamp: 2024-03-05 12:24:14
Summary
Ether continues to rise as bitcoin takes a breather, with significant momentum behind it due to its use as a gateway to meme coins and DeFi platforms. Retail investors are returning to the crypto market, leading to gains in meme coins, decentralized finance tokens, NFT coins, and smart contracts. Ether's performance typically lags behind bitcoin's, but it is expected to continue making gains with potential catalysts such as a network upgrade and the possibility of spot ether ETFs becoming available in the U.S.
Sentiment: POSITIVE
Keywords: business news, investment strategy, markets, shiba inu/usd coin metrics, technology, breaking news: investing, cryptocurrency, bitcoin/usd coin metrics, breaking news: markets, ethereum/usd coin metrics,
Source: https://www.cnbc.com/2024/03/05/crypto-market-today.html