LMAX Group market strategist Joel Kruger said that the current Ethereum price trend is showing signs that it may be ending the multi-year decline compared to Bitcoin. "There are indications that Ethereum may finally be bottoming out after a long-term downtrend against Bitcoin," Kruger said in a market note on Monday. "We believe it is important to keep a close eye on the current monthly highs for the ETH/BTC exchange rate, and a breakout above and above the current monthly highs will help boost ...
"ETH appears to be trying to build some bullish momentum and could eventually rally above $3,000," said Joel Kruger, strategist at LMAX, in a note on Tuesday. "Sentiment towards the world's second-largest crypto asset is rising again as many medium- to long-term players step in to take advantage of the recent decline." In addition, cryptocurrency analysis firm 10x Research pointed out in a report that Ethereum's Relative Strength Index (RSI), a key technical indicator that measures momentum, fel...
In today's market update, LMAX Group strategist Joel Kruger said that if the poor performance of U.S. stocks evolves into a broader correction, cryptocurrencies could fall further. "Right now, we believe the biggest risk to crypto assets is that the US stock market is heavily overbought and may be on the verge of crashing. This correlation is by no means absolute, but there is evidence that a sharp stock market correction could weigh on crypto assets, at least temporarily," the analysts said. Th...
David Mercer, CEO of LMAX Group, discussed the future of Bitcoin and the impact of the surge in demand for spot Bitcoin ETFs in a recent interview with CNBC. Mercer stated that if BTC becomes the standard portfolio allocation, we will see a significant price increase if 3% or 5% of people's investment portfolios or assets in the world are allocated to Bitcoin. This is purely based on
LMAX集团首席执行官David Mercer在最近接受CNBC采访时讨论了比特币的未来以及现货比特币ETF需求激增的影响。Mercer表示,如果BTC成为标准的投资组合配置,世界上3%或5%的人们的投资组合或资产被配置为比特币,我们会看到价格大幅上涨。这纯粹基...