Goldman Sachs hoards ETH and BTC
After years of bashing cryptocurrencies, U.S. investment bank Goldman Sachs has finally admitted that it was wrong about the asset class. Not just in words, but in actions.

After years of bashing cryptocurrencies, U.S. investment bank Goldman Sachs has finally admitted that it was wrong about the asset class. Not just in words, but in actions.
Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.
Ethereum’s price could be boosted by upcoming inflows into U.S. spot ETFs, while Bitcoin faces headwinds from repayments from Mt. Gox creditors.
The performance divergence between Bitcoin and Ethereum is growing during this cycle. This manifests itself as weaker price performance for ETH and can be explained by overall weaker capital rotation trends, especially relative to past cycles and ATH breakouts.
Ethereum (ETH), the second-largest cryptocurrency by market cap, garnered the most support as the coin with the highest potential to surpass BTC during the next bull run, with about 46% of participants expressing this sentiment.
On-chain data shows that whales are stepping up their BTC and ETH accumulations.
The 24-hour trading volume has increased by 19% for BTCUSD, reaching $59 billion, and 32% for ETHUSD, reaching $20 billion.
Ethereum is trading inside the $1,250-$1,330 support range. It is trading inside a descending parallel channel.
On-chain data shows both the Bitcoin leverage ratio and the futures open interest has spiked up recently, a sign that ...
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