In bitcoin's shadow, another cryptocurrency, Ether, stages its own rally
Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet another major cryptocurrency, Ether, has been enjoying its own meteoric rise.
The launch of crypto ETFs has led to an influx of new money, sending bitcoin to a fresh record on Friday of $70,085. The SEC must rule on the first such applications, from VanEck and Ark 21Shares, by May 23 at the latest.A deep dive into the big business story of the week, as well as expert analysis of markets and trends."Ethereum has started to wake up as investors are anticipating a potential approval," Michael van de Poppe of MN Trading told AFP, adding that"people are rotating from Bitcoin to Ethereum as a potential investment opportunity.
For example, it is the destination of choice for non-fungible tokens - or NFTs - the certificates of digital authenticity that caused such a stir three years ago.
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