While bitcoin still manages to grab attention because of its record highs, its compatriot Ethereum is continuing to expand beyond the software programming crowd.
The institutional-grade investment platform, Grayscale has been affirming a new wave of interest for its Ethereum fund since this year. As Sonneshein explained, bitcoin grabbed several investor’s attention and as usual, remained its record-high. Ether came I at the second rank.
There has been a growing demand for cryptocurrency recently, and one factor pushing up the interest in Ethereum is the boom in the decentralized finance (Defi) market, as stated by McGlone, Bloomberg’s intelligence strategist.