Market Wrap: Bitcoin Buyers Could Take Profits as Volume Declines
Some analysts are optimistic about the long-term recovery in crypto prices, although the pace of the upside will likely slow over the short term.
“It just shows that staking on Eth 2.0 is incredibly popular,” said Ben Edgington, lead product owner at ConsenSys.
Bitcoin and other cryptocurrencies are consolidating near recent highs.
Cryptos gain alongside stocks.
The Ethereum Strategy ETF would invest in ETH futures contracts and an array of other indirect ether products.
Bitcoin continues to cool on multiple attempts at $50,000, though that may be less of a concern given demand from bigger players.