ConsenSys is partnering to develop
an ether price index it hopes will make more crypto trading products available for institutional investors.
Not exact matches
ConsenSys and TrueDigital have teamed up to develop a target reference
index for the
price of Ethereum's
Ether cryptocurrency in an effort to make more crypto trading products available for...
But, when
ether reached its new high of $ 18.95, bitcoin was trading at $ 692.80, roughly 2 % below the currency's opening
price of $ 705.62, figures provided by CoinDesk's USD Bitcoin Price Index (BPI) re
price of $ 705.62, figures provided by CoinDesk's USD Bitcoin
Price Index (BPI) re
Price Index (BPI) reveal.
In just two days
ether's value has risen approximately $ 170, from $ 433 on Sunday December 10 to a little over $ 605 on Tuesday December 12, according to coindesk's crypto exchange
price index.
The March 12 press release mentions that Consensys and TDH will have a reference
index price for
ether.
Market data suggests that the
index shift is being spurred by a rise in the
price of bitcoin and declines for some of the world's other major cryptocurrencies, including
ether and XRP.
The sudden increase in the
price of
Ether led to the decline of the dominance
index of bitcoin, which measures the dominance of bitcoin over the global cryptocurrency market.
As per CoinDesk's
price index,
ether (ETH) moved above $ 500 at 12:35 UTC and hit an all - time high of $ 522 soon after.