May 15, 2019
47 Views
0 0

Ethereum (ETH) Bulls Rebuff Cryptopia Liquidation, Race to $450?

Written by

  • Ethereum (ETH) up 16.8 percent
  • Cryptopia liquidates after Jan 2019 loss

Behind today’s 16.8 percent surge of Ethereum (ETH) prices are supportive fundamentals. Sources indicate that the CFTC is warming up to the idea of ETH derivatives and heavyweights are gravitating towards Ethereum. That is supporting prices, countering sell pressure emanating from Cryptopia liquidation.

Ethereum Price Analysis

Fundamentals

It’s over for Cryptopia, the New Zealand cryptocurrency exchange that was hacked, losing an estimated $16 million. Most of those lost coins were Ethereum (ETH) and related ERC tokens. With no haircuts, investors, as well as the exchange’s stakeholders, had to count losses severely affecting the liquidity position of the once vibrant exchange.

READ IN FULL

Article Categories:
News · NewsBTC

Leave a Reply

Your email address will not be published. Required fields are marked *