Bitcoin (BTC) $ 66,616.00
Ethereum (ETH) $ 1,991.05
Tether (USDT) $ 0.999233
BNB (BNB) $ 610.59
XRP (XRP) $ 1.33
USDC (USDC) $ 0.999756
Solana (SOL) $ 82.02
TRON (TRX) $ 0.318632
Lido Staked Ether (STETH) $ 2,265.05
Figure Heloc (FIGR_HELOC) $ 1.02

Bitwise's Matt Hougan pins ETH recent performance to a demand shock caused by institutional demand

Bitwise CIO Matt Hougan has attributed Ethereum’s recent rally to a sustained “demand shock” from institutional investors and ETH treasury companies. In a thread on X, Hougan highlighted these as the key reasons behind ETH’s massive surge. According to Hougan, Ethereum exchange-traded products (ETPs) and corporate treasuries have bought 2.83 million ETH, valued at more than […]

Source: cryptopolitan.com (Read Full Article)