Crypto investors turn to Ethereum as alternative to Bitcoin

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 52%

United States Headlines News

United States Latest News,United States Headlines

Ethereum, the world's second largest cryptocurrency, soared to a record high Monday as investors placed their bets on the coin's future in commerce and looked for an alternative to Bitcoin's lofty valuation.

. Bitcoin futures are traded on the Chicago Mercantile Exchange, underscoring the cryptocurrency's growing mainstream acceptance.

In mid-day trading Monday, Dogecoin traded at $0.51, a drop of 31.08% from its high of $0.74. It's up 3.99% for the day and 10,606% for the year, CoinDesk reported., mentioned Dogecoin in SNL's opening monologue. During Weekend Update, a parody of network news, he called the cryptocurrency a"hustle" and howled to the moon the goal of Dogecoin's enthusiasts to send it to an unimaginable high of $1.

Senator Bernie Sanders and other progressives slammed Republican calls for ending extra $300 weekly unemployment payments after a disappointing April jobs report. In this photo, Sanders speaks during a hearing on Capitol Hill examining wages at large profitable corporations on February 25 in Washington, D.C.

The U.S. Chamber of Commerce has called for an immediate end to the extra Federal unemployment benefit. The unemployment rate edged up to 6.1% in April from 6% in March. Joblessness peaked at 14.7% in April 2020 as the COVID-19 pandemic slammed the economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dogecoin fans react to SpaceX accepting crypto as payment for moon missionSpaceX CEO Elon Musk announced the news one day after Dogecoin plummeted in price during his 'SNL' appearance If they didn’t learn their lesson after SNL they never will... Up Up 💥🚀🚀🚀 $Doge to the 🌒 Moon, a minute of silence to those don't aquire It. elonmusk you welcome on board 🙏💪 Protect the oceans! Thread:
Source: Newsweek - 🏆 468. / 52 Read more »

How to buy Kishu Inu, new crypto calling itself 'dogecoin's big brother'The token is one of many Dogecoin-esque meme coins that have spawned recently, but the founders are often anonymous and an expert has warned Newsweek about the risk. 🤦‍♂️ Good! Thx!
Source: Newsweek - 🏆 468. / 52 Read more »

Ackman says ‘he kicks himself for not understanding’ crypto like bitcoin, but says it has ‘no intrinsic value’Prominent investor Bill Ackman offers a rather muddled take on digital assets during a virtual event on Wednesday, but the upshot may be that he views them... 🤡
Source: MarketWatch - 🏆 3. / 97 Read more »

Odds Reveal How High SNL Could Send Dogecoin Despite ‘The Dogefather’ Elon Musk Issuing A Serious Bitcoin And Crypto Price WarningAs dogecoin traders and investors pile into the meme-based token ahead of SNL, betting odds have revealed there's a 40% chance of the dogecoin price hitting $1 by Monday morning—even after Musk warned people to 'invest with caution'... Manipülasyon yap 😁 good
Source: Forbes - 🏆 394. / 53 Read more »

If Crypto Crashes Tomorrow, It’s No Big Deal. In Five Years, It Might Be.Bitcoin, dogecoin, ether and other cryptocurrencies are now worth about $2 trillion, but are their owners rich? And would it affect the economy if they lost most of it? Lol still discussing the narrative of the possibility of a crypto crash? It’s 2021 not 2017 nice If you don’t stick a few bucks on a couple of cryptos - then you’re bonkers.
Source: WSJ - 🏆 98. / 63 Read more »