Key points:
- Ether prices stabilize near $3,900
- Bitcoin loses sight of $100,000
- Great things are happening!
The second-largest coin is set to close its third straight day of gains while Bitcoin was looking down for the second day in a row.
- Ethereum
ETHUSD rose slightly on Friday, while the broader crypto market struggled to hug the flatline and mostly tilted below it. Even Bitcoin BTCUSD was looking to wrap up its second straight day of decline after traders struggled to hold the $100,000 mark over the past week. Ethereum, on the other hand, was trading near $3,900 per unit and pointing higher for the third day in a row. - Despite its recent good performanceEther is lagging as a whole. Bitcoin has rallied over the year, posting gains of nearly 130%, while the second-largest token is up around 80% over the same period. Still, the cryptocurrency space is looking to have one of its best years in terms of building accommodations that will allow ordinary citizens and institutional investors to join the volatile market.
- This year marked the launch of the first Native Bitcoin exchange traded funds in the United States, eleven-pack. In less than a year, they have generated over $100 billion in assets under management. Ethereum became the second token to receive the same treatment, with nine spot ETFs collectively holding over $10 billion in assets. Investors are now looking to a possible Santa rally: could we see new records before the end of the year?
