“We’re seeing a ‘sell the rumor buy the fact’ redux. ETH underperformed BTC with uncertainty around the upgrade and potential supply dynamic from the unlock. Now the risk event has past, no substantial selling pressure, market can unwind short hedges and rebalance towards to ETH,” David Brickell, director of institutional sales at crypto liquidity network Paradigm, told CoinDesk.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.coindesk.com/markets/2023/04/13/ether-rallies-to-2k-after-shanghai-upgrade-outshines-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- a
- After
- and
- around
- At
- Bitcoin
- BTC
- buy
- CAN
- Coindesk
- crypto
- David
- Director
- dynamic
- ETH
- Ether
- Event
- from
- HTTPS
- images
- Institutional
- Liquidity
- Market
- network
- of
- paradigm
- past
- plato
- Plato Data Intelligence
- PlatoData
- potential
- pressure
- rebalance
- Redux
- Risk
- sales
- seeing
- Selling
- shanghai
- Short
- substantial
- supply
- The
- to
- towards
- Uncertainty
- unlock
- Unwind
- upgrade
- with
- zephyrnet
More from CoinDesk
Indonesia's Biggest Tech Firm Enters Crypto With Purchase of Local Exchange: Report
Source Node: 1645712
Time Stamp: Aug 30, 2022
Bitcoin se recupera tras intervención del Banco de Inglaterra en el mercado de bonos
Source Node: 1702166
Time Stamp: Sep 28, 2022
2024 Will Be the Year Tokenization Truly (Finally) Begins
Source Node: 1919063
Time Stamp: Nov 29, 2023
Solana’s Top NFT Projects DeGods and Y00ts to Migrate Chains
Source Node: 1778314
Time Stamp: Dec 26, 2022
First Mover Asia: Bitcoin Holds Steady Above $21K; DeFi Platform Forward’s $5M Funding Round Highlights Crypto’s Growth in Thailand, but Regulation Lags
Source Node: 1660920
Time Stamp: Sep 11, 2022
Ethereum Mainnet Was Unable to Fully Finalize Transactions for 25 Minutes
Source Node: 1834898
Time Stamp: May 11, 2023
‘The Revolutionaries Will Be Televised’: PleasrDAO Launching Live Auctions With Snowden, Ellsberg NFT
Source Node: 1785047
Time Stamp: Jan 10, 2023
FTX Exploiter Swaps Thousands of Stolen BNB Crypto Tokens Into Ether, BUSD
Source Node: 1757001
Time Stamp: Nov 17, 2022
Singapore Approves In-Principle License for Crypto Fund Manager Hashkey
Source Node: 1737157
Time Stamp: Nov 4, 2022