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First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K – CoinDesk – CoinDesk
With bitcoin prices close to an all-time high, some investors ask if Ethereum’s native cryptocurrency, ether, might represent a better source of value.
Bitcoin was heading back toward the all-time high price of $19,920 notched earlier this week.
“So far, prices remain constrained, either with sellers unwilling to part with their coins at any lower price or buyers unwilling to take further bets on a rally,” Matt Blom, head of sales and trading at the cryptocurrency-focused financial firm Diginex, wrote Thursday.
In traditional markets, European shares slid and U.S. stock futures pointed to a lower open after coronavirus-related fatalities in the…
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