Ethereum has been experiencing a prolonged phase of sideways consolidation following a decline to the critical support level of $3K. The cryptocurrency seems to be stuck within a range of $3K to $3.7K, with minimal volatility expected unless a breakout occurs in either direction. The daily chart analysis reveals that Ethereum found substantial support around
Crypto
Shiba Inu (SHIB) recently experienced a significant price drop, causing concern among investors. The token’s value decreased by 3% on a daily scale and 20% on a monthly basis. This downturn has left many wondering about the future prospects of SHIB and whether a bullish trend is on the horizon. Despite the recent price drop,
The recent approval of spot Bitcoin ETFs has been a game-changer for the crypto market, according to Fred Thiel, the CEO of Marathon, America’s largest crypto mining firm. Thiel believes that the ETF approval has attracted a significant amount of capital into the market, leading to a surge in prices that would typically be seen
The introduction of U.S. Bitcoin spot ETFs has marked a significant milestone in the cryptocurrency market, attracting a substantial amount of net inflows since their launch three months ago. This article will delve into the analysis provided by Glassnode analyst James Check, who measures the impact of these ETFs on the broader Bitcoin market using
