CME Futures Open Interest Hints at Bitcoin Bottom, Ether Breaks Out

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CME Futures Open Interest Hints at Bitcoin Bottom, Ether Breaks Out

Ether, the second-largest cryptocurrency by market value, rose nearly 2% to $2,920, having jumped 13% last week, the biggest gain in six weeks. Traders talking to CoinDesk said Ethereum’s impending proof of work and proof of stake mechanism would have bullish implications for the programmable blockchain’s native token ether. www.coindesk.com

Ether, the second-largest cryptocurrency by market value, rose nearly 2% to $2,920, having jumped 13% last week, the biggest gain in six weeks. Traders talking to CoinDesk said Ethereum’s impending proof of work and proof of stake mechanism would have bullish implications for the programmable blockchain’s native token ether.

www.coindesk.com