FIL, GRT Rally Boosts CoinDesk Computing Index as Bitcoin Struggles
Submitted by Anonymous (not verified) on Fri, 02/23/2024 - 11:00FIL's market-beating surge to a 12-month high of $8.5 comes on the heels of Filecoin's Feb.
FIL's market-beating surge to a 12-month high of $8.5 comes on the heels of Filecoin's Feb.
Options dealers likely bought ETH in spot/futures market to hedge their short call exposure, adding to bullish momentum, BloFin's Griffin Ardern sa
Kelp DAO's newly announced kelp earned points (KEP) token brings liquidity to EigenLayer Points.
The strategy provides a hedge against a potential bitcoin price pullback to $47,000 and costs over $20 million, according to crypto block trading s
Order book liquidity indicates how easy it is to buy and sell large quantity at stable prices.
Ether has rallied 16% in seven days, outperforming bitcoin's 8.5% rise.
Data from past cycles entered around halvings, and a key technical analysis tool suggested that the path of least resistance is higher.
Bitcoin has managed to chalk out a double-digit rally recently, ignoring the strength in the dollar index and Treasury yields.
Bitcoin has rallied 35% in three weeks, with mining reward halving due in April.
Ether's 14-week RSI has topped 70, a threshold that marked previous parabolic bull runs.
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