Here are the top FOX Business Flash headlines for March 21.
Cryptocurrency prices were surging early Tuesday morning with Ethereum breaching the $3,000 mark for the first time in two weeks.
Bitcoin was trading at roughly $42,585 (+3.31%), while the aforementioned Ethereum and Dogecoin were at nearly $3,025 (+4.64%) and 12.39 cents (+2.91%), respectively, according to Coindesk.
With the exception of a brief surge above $3,000 earlier this month and today's move into positive territory, ether has mostly moved in the $2,400-$2,800 range during March. Ethereum has shown an increase of 5.8% in the last 24 hours, according to the Coindesk report.
GOLDMAN SACHS DOES CRYPTO OTC TRADE, FIRST FOR BIG WALL STREET BANK
There was a significant increase in Ethereum trade outflows on Friday, with more than 180,000 withdrawn, according to data from IntoTheBlock, a crypto data firm.
โThe last time such a magnitude of ETH left exchanges was in October 2021, which preceded a 15% price increase in 10 days,โ the firm tweeted.
Cryptocurrency prices were surging early Tuesday morning with Ethereum breaching the $3,000 mark for the first time in two weeks. (REUTERS/Dado Ruvic/Illustration/Reuters)
In other cryptocurrency news, Goldman Sachs ran his first over-the-counter cryptocurrency transaction, marking a significant step toward possible wider adoption among major Wall Street banks.
Galaxy Digital Holdings, a global provider of blockchain and crypto financial services, said on Monday that it has traded a bitcoin-linked instrument called a non-delivery option (NDO) with Goldman Sachs Group Inc.
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OTC trading, which refers to private dealing between two parties without intermediaries, is a significant step in the development of cryptocurrency trading. Major Wall Street firms have been hesitant to fully embrace crypto, but Goldman's trade with Galaxy may signal the digital asset's maturation.
