Ethereum hit a record high over the weekend: Here’s what to know
00:00 Speaker A
You follow this area closely. We saw a record of Ethereum’s weekend record. I mean, is this just a trade risk? What else does this help to increase the class of assets?
00:16 Speaker B
Oh, look, Ethereum, as worried, increased by 90% in the last two months. Since Bitcoin has increased by 19% to date, it has certainly performed better than Bitcoin. Ethereum increased by 39%. And on Friday, we really saw the crypto rising after the Fed Powell speech, because the UH was much more difficult than the markets expected. And this was definitely a risky environment for all beings. But look, the dollar moved lower, which was very positive for the crypto in general. The question is whether the last rally we see is sustainable UH. UH, you have Wall Street analysts covering this area that says it is sustainable, because you have global liquidity and this is your trend of tokens, these and corporate treasures. All of this contributes to this rally we see in crypto.
02:00 Speaker A
And how do we see this spill to names like Coinbase, and some of these crypto -adjacent players are like stable coins?
02:11 Speaker B
Yes, the stable coins were the theme this year, and this was even the case. And so you saw Circle, a warm public offering in June, and this stock has done a good job since the public offering. It was essential, but still, the circle uh is pure game, so to speak, when it comes to stable coins. The other stable metal exporter you have, but this belongs to private property. And all of this is a kind of UH, fueling the crypto area, because there is a circle, which has partnership with Coinbase. So, he shares some of his income with Coinbase. This is positive for Coinbase. And then UH has stable coins, which are digital assets supported by the US dollar. And and these are uh, they rise for the whole market. In other words, you have F invoices, which are treasures purchased due to the export of stable coins. Therefore, all this is positive for the stable miners’ heels in the heels of the Genius Law, which is positive for stable miners exporters, as well as for companies affiliated to UH.
