Big Investors Stacked Up Ether as Price Rose to Record High
The increased accumulation by investors with deep pockets may have put upward pressure on ether's price.
The brain trust has blessed cryptocurrencies, with endowments for Harvard and other universities reportedly lapping up digital assets. For bitcoin marketeers, it's a new $600B money pot.
The ether rally appears to be more organic and driven from within the crypto industry.
The social media firm will dedicate developer resources to support scaling efforts for Ethereum.
With ether whales and small holders rising, some analysts are speculating about a potential ETH supply crunch.
Last week's rout in bitcoin market looks like "weak hands" selling out because bidders appeared to materialize whenever prices fell to $30K.