Cryptocurrencies Retreat as Bitcoin Pulls Back From $52K
  The latest moves in crypto markets, in context By the CoinDesk Markets Team Edited by Bradley Keoun, Managing Editor, Markets September 7, 2021 Sponsored by  (Price data as of September 7 @ 10:30 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
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The CoinDesk 20 are 20 digital assets filtered from the larger universe of thousands of cryptocurrencies and constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
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Market Moves by Omkar Godbole Ether Futures Open Interest Hits New High of $11.6B Ether's price rally has revved up investor interest in derivatives tied to the native cryptocurrency of Ethereum's blockchain.
Open positions in ether futures rose to $11.6 billion on Monday, surpassing the previous peak of $11.25 million reached May 11, according to data provided by Glassnode.
The value has more than doubled since late June, signaling an influx of money into the market, according to Gustavo De La Torre, business development director at crypto exchange n.exchange.
"Ether is constantly on a bullish trend, suggesting that the majority of investors are betting on an increased price surge in the near term," Torre added.  Ether futures open interest has jumped in recent weeks. (Source: Glassnode) Read the original story here:
Technician's Take by Damanick Dantes, CMT  Bitcoin Pulls Back from Resistance; Support at $49K-$50K Bitcoin (BTC) is declining after testing resistance near $52,000 on Monday. Initial support is seen at the $50,000 breakout level where buyers displayed strength last week. The cryptocurrency is trading around $51,000 at press time and is up about 8% over the past week. caption 12pt (Source: TradingView)
 Bitcoin retreats after meeting price resistance around $52,000. (TradingView, CoinDesk)
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