The price of Ethereum-derived currencies has fallen, affecting Bitcoin and Ethereum as well

Bitget2024/02/24 07:48

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Prices of some Ethereum derivative tokens such as Arbitrum's ARB, Optimism's OP, and Polygon's MATIC have fallen. These crypto projects aim to improve the efficiency of the most commercially valuable blockchain. Other altcoins like Solana, XRP, and Dogecoin saw more moderate declines, falling 5.8%, 3.3%, and 4.3% respectively, while OP and MATIC plummeted by 7.8% and 10%. As of 1 PM New York time, Bitcoin and Ethereum fell by 2.1% to $50,927 and 3.1% to $2,896 respectively. The last time Ethereum traded at $3,000 was in April 2022.

Chris Newhouse from Cumberland Labs' DeFi analyst said that with Ethereum's performance slightly rebounding in recent days; altcoin traders are beginning to feel the impact of its correlation on their portfolios. Compared with other altcoins such as ARB OP etc., tokens from popular "Ethereum Beta" narratives experienced a more significant drop.

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Apple's hardware chief pointed out that after enterprises purchase devices outright, there is no need to pay by token, and the cost-effectiveness of local computing power might be superior to long-term rental of cloud GPUs. Goldman Sachs believes that if more inference tasks shift to end devices, Nvidia's share in incremental AI activity may fall short of market expectations. Currently, Nvidia's implied volatility is at its lowest since before the pandemic, and option pricing has almost no risk premium allocated for this narrative change. Therefore, Goldman Sachs recommends buying Nvidia put options and going long on Apple.

华尔街见闻•2026/09/24 01:01