Bitcoin Has Best Day in a Month, but Ether’s Getting Even More Love
Crypto markets were suddenly looking bullish on Monday as bitcoin had its best day of the year, and ether, the second-biggest cryptocurrency, posted even bigger gains, amid speculation that a rally might be in the making ahead of the Ethereum network’s upcoming " Merge." Market Moves: Omkar Godbole looks at the Merge's market impact in depth and ETH's staked derivative on Lido finance called stETH. This web version of today's First Mover newsletter was produced by Sage D. Young. Price Point Bitcoin (BTC) was trading up 5% on the day, hitting its highest level in over a month. The world’s largest cryptocurrency by market capitalization has not traded above $22,000 since June 16, 2022. BTC/USD Daily Chart (Trading View) BTC traded as low as $18,800 last week and has made significant gains since, trading up 11% over the last seven days. But the big story of the day in crypto markets was ether (ETH), the second-largest cryptocurrency, which is picking up momentum ...
