Ethereum Underperforms Bitcoin, Bulls Struggle To Protect Key Support
Ethereum price failed to start fresh increase above $1,600 against the US dollar. ETH is now struggling to stay above the $1,550
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Underperforms
Everlodge up 80%, OP underperforms despite OP Mainnet raising $160M
In March 2023, OP Mainnet secured $160 million for development. However, after five months, its performance has not met expectations, with its price dropping by almost 50% since the fundraising. Meanwhile, its competitors, such as Everlodge, are steady in the bear market. In the presale, ELDG is up 80%, drawing
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BLUR Underperforms CoinDesk Market Index Ahead of $62M Token Unlock
The token unlock, which will take place on Wednesday, will release almost 196 million tokens, representing nearly 40% of the currently circulating supply, according to data from CoinGecko and Token Unlocks. When this $62 million of tokens are released, owners of BLUR will get greater autonomy over their holdings, gaining
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ProShares’ Bitcoin Strategy ETF BITO Underperforms BTC Price by 13.8% This Year: K33 Research
The underperformance stems from the costs associated with the fund's structure. BITO does not purchase tokens, instead it holds BTC futures contracts on the Chicago Mercantile Exchange (CME). The fund must roll over the contracts every month as they expire, making it vulnerable to the price difference between terms. If
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Bitcoin underperforms stocks, gold for the first time since 2018
Gold and stocks have underperformed in 2022, but the year has been difficult for Bitcoin (BTC) investors, in particular.Worst year for Bitcoin since 2018Bitcoin’s price looks prepared to close 2022 down nearly 70% — its worst year since the crypto crash of 2018. Bitcoin monthly returns. Source: CoinglassBTC’s depressive performance
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Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP Says
"We say this because the two-year Treasury yield, which has been a reliable indicator of the market's direction all year, is, in fact, moving in line with BTC and ETH, while the S&P 500 and Nasdaq have rallied away," QCP said in Monday's market update. Source
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Market Wrap: Bitcoin Underperforms as Ether and Other Altcoins Rise
Bitcoin was roughly flat on Tuesday while alternative cryptocurrencies such as ether and Solana’s SOL token were up about 5% over the past 24 hours. LUNA, the native token of the Terra blockchain, rallied about 13% as traders chased incentive programs.Overall, trading conditions were choppy across global markets after the
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Market Wrap: Bitcoin Underperforms Altcoins as Sell-Off Pauses
Bitcoin held steady around $57,000 on Friday after a near-10% decline over the past week. The cryptocurrency is roughly flat over the past 24 hours, compared with a 5% rise in ether and an 8% rise in Solana’s SOL token over the same period.“Market sentiment seems short-term bearish/sideways – people
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Apple Preparing to Launch New iPad, AAPL Stock Underperforms the Market
The new models will have a design similar to the current iPad Pros. The new features will include improved cameras, a faster processor, and a new type of Mini-LED display.Apple Inc (NYSE: AAPL) is reportedly planning to launch a new iPad series in April. The new iPad will be a
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Bitcoin ‘Underperforms’ During Tax Time: Analysis
January ushers in a new tax season. It is also, historically, a time when bitcoin underperforms relative to the other months of the year. Some analysts say that may not be a coincidence.From 2014 to 2020, bitcoin was down in four out of seven Januarys and six out of the
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