Ethereum experienced a 3% loss in value this week, failing to regain its previous support level of $3,300. The current key support is now at $2,800, with the possibility of further decline if market sentiment remains bearish. The MACD and RSI indicators indicate a bearish momentum, suggesting that sellers are currently dominating the market. Until
Crypto
The decentralized finance (DeFi) sector is currently experiencing a significant resurgence, with key metrics such as active loans and total value locked (TVL) showing growth from their lows in 2023. DeFi lending plays a crucial role in allowing investors to lend their crypto assets in exchange for interest, serving as a barometer for DeFi participation
The recent Bitcoin2024 conference has sparked a new wave of optimism among crypto investors, as prominent political figures voiced their support for Bitcoin. From Presidential Nominee Donald Trump’s plan for a national bitcoin stockpile to Senator Cynthia Lummis proposing the purchase of 1 million BTC by the U.S. Treasury, it is evident that politicians are
The recent data on Ethereum ETFs in the US paints a mixed picture, with net outflows totaling $77.21 million for the top nine ETFs. The Grayscale Ethereum Trust (ETHE) has been hit the hardest, recording $133.33 million in outflows on July 31st. Since becoming an ETF, ETHE has seen almost $2 billion in outflows. On
In the first two quarters of 2024, meme coins were all the rage in the cryptocurrency market. However, recent data indicates a significant slowdown in their performance after the initial frenzy. According to a recent report by IntoTheBlock, only a select few meme coins have seen positive gains in the past 30 days, with lesser-known
XRP has witnessed a significant price surge, reaching $0.66, marking an 8% increase in the past 24 hours. This surge is attributed to renewed investor optimism in the market and crucial developments within the XRP ecosystem. The number of wallets holding at least 10,000 XRP has seen a substantial rise, hitting a six-month high of
In the recent days, the cryptocurrency market has experienced a significant amount of volatility. For example, Bitcoin (BTC) saw its price soar close to $70,000 on July 29th, only to drop below $66,000 the next day. Currently, it is trading around $66,300 according to CoinGecko. This drastic correction in price was further highlighted by news
BlackRock, one of the largest asset management firms in the world, recently confirmed that it has no immediate plans to launch a Solana (SOL) ETF. This decision comes despite the incredible success of the company’s Bitcoin and Ethereum spot ETFs that were launched earlier this year. Samara Cohen, BlackRock’s Chief Investment Officer, stated during an
21Shares, a part of 21Shares AG, recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This integration aims to enhance the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). By utilizing Chainlink’s decentralized computing platform, 21Shares ensures that investors have clear visibility into the Ether reserves
The US Securities and Exchange Commission (SEC) has taken steps to amend its original complaint against Binance in a move that may potentially eliminate the need for a court ruling on tokens previously classified as securities. The SEC’s filing on July 30th disclosed its intention to notify Binance, its US affiliate, and founder Changpeng Zhao
