Ethereum hovers near all-time highs
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YouTubeCNBC Television
Ethereum hovers near all-time highs
CNBC's Tanaya Macheel reports on the latest news regarding Ethereum.
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Ether is pulling back to start the week, after hitting a fresh record over the weekend. On Friday, crypto assets took off with the broader market after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. That triggered forced selling of more than $245 million of long positions in ETH and about $175 million in long bitcoin positions in the past 24 hours, according to CoinGlass. Read more: cnb.cx/3HTizF3 | CNBC
Ether is pulling back to start the week, after hitting a fresh record over the weekend. On Friday, crypto assets took off with the broader market after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. That triggered forced selling of more than $245 million of long positions in ETH and about $175 million in long bitcoin positions in the past 24 hours, according to CoinGlass. Read more: cnb.cx/3HTizF3 | CNBC
FacebookCNBC
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