One factor that coincided with the rise in ether prices included a decline in the short interest in the ETH / BTC pair, according to data provided by
leveraged digital currency trading platform Whaleclub.
Petar Zivkovski, COO of
leveraged digital currency trading platform Whaleclub, said the petition is unlikely to change the SEC's stance.
Not exact matches
Arthur Hayes, co-founder and CEO of
leveraged bitcoin
trading platform BitMEX, stated that the
digital currency's recent pullbacks in price represent a «healthy correction».
However, the
digital currency failed to «break through $ 800 and looked slightly overbought in the high $ 700s,» said Athur Hayes, co-founder and CEO of bitcoin
leverage trading platform BitMEX.
The
digital currency's upward price movement triggered many short squeezes «across
leveraged trading platforms,» said Zivkovkski, though others suggested the renewed momentum may amount to more of a comeback after weeks of sideways
trading.