October 26, 2021

News Collective

Complete New Zealand News World

Risk Avoiding Ethereum Traders Use This Options Strategy to Increase Their Ethereum Exposure By CoinTelegraph

© Reuters. Risk-averse Ethereum traders use this options strategy to increase their exposure to Ethereum

On October 1, the cryptocurrency market saw a 9.5% rally that took Ether () and Ether (ETH) to 12-day highs. Various reasons are attributed to the price movement, such as the US consumer price index, declining exchange reserves, and the formation of the continuous “cup with a handle” histogram.

Traders likely won’t find any explanation for this sudden move, other than investors regaining confidence after the Sept. 19 slide which was attributed to the fallout from a default from Chinese real estate developer Evergrande.

  • 3 factors that could drive a 100% profit rate in the fourth quarter

The Ethereum network has faced some criticism due to transaction costs of $20 or more due to sales of non-fungible tokens (NFTs) and activity in decentralized finance (DeFi) protocols. Cross-chain bridging that connects Ethereum to other Proof of Stake (PoS) networks has partially solved this problem, and the launch of the Umbrella network oracle service on Friday shows how fast interoperability is progressing.

Read the full article on Cointelegraph

Legal Warning: Fusion Media I would like to remind you that the data on this website is not necessarily current or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges but by market makers, and therefore prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for trading purposes. Therefore Fusion Media assumes no responsibility for any business losses you may incur as a result of using this data.

See also  The cybersecurity incident indicates a malfunction in its system, says Banco Pichincha | Economy | News

Fusion Media OR ANYONE INTERESTED WITH Fusion Media WILL NOT BE RESPONSIBLE FOR LOSS OR DAMAGE RESULTING FROM RELIANCE ON THE INFORMATION INCLUDING DATA, QUOTATIONS, GRAPHICS AND BUY/SELL SIGNALS CONTAINED IN THIS SITE. Please be fully aware of the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment.