Ethereum faced a setback this week, losing its bullish momentum and closing with a 4.4% loss. The price action was dominated by sellers, pushing the cryptocurrency down to the key support level at $3,500. Despite this pullback, there is a possibility that it is just a normal retest after the massive breakout following the ETF
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Recent discussions among industry experts have shed light on the anticipated timeline for the commencement of trading for Spot Ethereum ETFs. Bloomberg analysts Eric Balchunas and James Seyffart have provided updates on their expectations regarding the launch of these funds. Balchunas took to social media to communicate that they have adjusted their forecasted launch date
Despite Bitcoin’s recent struggles to stay above $73,000, brokerage firm Bernstein has maintained a positive outlook on the cryptocurrency’s future. In their latest report, analysts at Bernstein have increased their long-term price forecast for BTC to $200,000 by the end of 2025, up from their previous prediction of $150,000 for the same year. This upward
Bitcoin has faced a significant amount of selling pressure over the past week, according to the latest on-chain data. Expectedly, this bearish pressure has had a notable impact on the price of the premier cryptocurrency. According to data from CoinGecko, the value of Bitcoin has declined by nearly 5% in the past seven days. On
In recent days, Bitcoin’s price has been on a rollercoaster ride, dropping to $65,000 before recovering slightly. The primary cryptocurrency started the business week positively, reaching above $70,000 on Monday. However, things took a turn on Tuesday as anticipation and fear surrounding the US CPI numbers and FOMC meeting grew, causing Bitcoin to drop to
Cardano’s recent partnership with Entre Ríos, a central province in Argentina, has been touted as one of the key reasons for its potential price surge to $3. The implications of this partnership are significant as it aims to foster blockchain adoption in Argentina, ultimately benefiting ADA by allowing it to penetrate the Argentine market. However,
Ethereum has recently experienced a surge in withdrawals from centralized exchanges, indicating a positive sentiment among crypto investors. Notably, the amount of ETH being withdrawn from exchanges has reached its peak in 2024, with both small and large investors participating in this trend. The largest crypto exchange in the United States, Coinbase, witnessed a significant
Asset tokenization, particularly the tokenization of securities, has been recognized by SEC commissioner Mark Uyeda as having significant potential benefits. Uyeda emphasized that representing asset rights through digital tokens on a blockchain can bring about enhanced security, transparency, and immutability. In addition, tokenization can eliminate the need for intermediaries, thereby simplifying transactions and reducing associated
The recent announcement by the New York Attorney General’s (NYAG) office regarding the completion of its settlement with Gemini has raised many eyebrows in the crypto community. With the recovery of $50 million for users of the defunct Gemini Earn program, there are important lessons to be learned from this incident. Impact on Users The
Ethereum has experienced a significant price drop of approximately 15% from the highs of March 2024. This downward pressure has erased all the gains that were achieved from May 20. Despite this bearish trend, on-chain data suggests that there is a positive outlook for Ethereum. An analyst highlighted a surge in ETH demand, particularly from
