Increased institutional on-chain activities have accompanied bitcoin's latest price rally.
America’s largest theater chain is leaning into crypto but did not specify what technology it would use to accept payments.
Bitcoin and ether remain well bid as U.S. senators reach a compromise on the crypto provision of the infrastructure bill.
Despite experiencing outflows for the fifth straight week, assets under management in digital funds hit their highest level since mid-May.
Buyers could remain active on pullbacks this week as bitcoin cleared important technical levels.
A clean break above the 200-day moving average could accelerate prices, according to digital asset firm Zerocap.
Until recently, the manipulable “market cap” was nearly all investors had to go on when measuring the relative value of digital assets. More sophisticated yardsticks are emerging.
Some analysts are optimistic about the broad crypto rally and see further upside, especially for ether.
The latest rally took bitcoin's year-to-date return to 48%, far exceeding the Standard & Poor's 18% gain.
The ether-bitcoin price ratio has broken out to the upside – possibly an indication of a more buoyant risk-taking mood among crypto traders.
Strong overhead resistance could limit price rallies into next week.
Ether is up 3% over the past 24 hours.
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Initial support around $34K could stabilize the pullback.
Ether has rallied almost 60% in two weeks.