Former Democratic presidential candidate Hillary Clinton took a swipe at cryptocurrencies, saying they have the power to weaken entire countries eventually.
Technical indicators suggest the rally in Ether, the second-largest cryptocurrency, is due a breather after a record-breaking run.
The native token of the Ethereum blockchain is up more than sixfold this year, topping Bitcoin’s 127% rise amid speculative fervor for digital assets. Upgrades to the Ethereum network and its popularity for so-called decentralized financial services and digital collectibles also boosted Ether demand.
The unlikely star of the cryptocurrency world these days is Shiba Inu, named after the same breed of dog that inspired the market’s former unlikely meme-coin darling Dogecoin. The total market value of the token soared to more than $51 billion last week, leapfrogging over Dogecoin and putting it among the top 10 cryptocurrencies in existence — despite the fact its provenance as a meme leaves it without much of a fundamental economic reason to thrive.