The state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a “crypto law proposal supporter.”
The crypto exchange added that “all customer accounts and funds remain completely secure.”
While the amount of ETH locked in DeFi protocols is up 75% since the start of 2020, the sum of Ether held on centralized exchanges has fallen by 30% over the same period.
Ethereum price is clearly in a strong bull trend, but derivatives data signals that pro traders are shifting their bullish bias back toward Bitcoin.
Ether price is attempting to conquer $2,000 as the Ethereum blockchain is seeing increasing demand.
Bitcoin’s price is in uncharted territory while its volatility remains high.
Ethereum broke the $200 billion market cap mark, surpassing secular companies such as Novartis and AT&T.
“We are at all-time-highs territory [and] the market still has to make up its mind” about next resistance or supporting levels, says one broker.
The market is bullish on both cryptocurrencies, for different reasons.
With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.
