The recent turmoil in the cryptocurrency market, especially in Ethereum (ETH), has caused a significant drop in its value, with a nearly 15% decrease over the past week. Adding fuel to the fire, renowned economist Peter Schiff has made a gloomy prediction for ETH, suggesting that it could crash to as low as $1,500. This
Ethereum
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been facing a significant downturn in the past week, with a 9% price decline bringing it down to $3,130. The market is now closely watching crucial levels that need to be maintained to avoid further losses and potential liquidations. Analysts are highlighting the importance of the
Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This decline indicates an increase in selling pressure and a growing bearish sentiment in the market. Traders are closely monitoring Ethereum’s behavior for signs of either stabilization or further decline as it nears this critical threshold.
The recent setback in Ethereum (ETH) price, dropping back to the $3,400 support level after briefly surpassing $3,500, was primarily influenced by the delay in SEC approval for Ethereum ETF applications. The expected approval date was initially set for July 2 but has now been postponed to July 8. This delay has caused speculation and
Samuel Edyme, better known by his nickname HIM-buktu, is not your typical web3 content writer. His path into the world of cryptocurrencies was far from smooth sailing. Instead of starting with a successful investment, Edyme’s foray began with a scam – a Ponzi scheme that utilized crypto as payment. However, instead of being deterred by
With the impending launch of the first spot Ethereum ETFs in the United States, industry experts are speculating about the potential price impact on the second-largest cryptocurrency in the market. The US Securities and Exchange Commission (SEC) is expected to approve Ethereum ETFs by July 4, as discussions between asset managers and regulators reach their
The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently provided insights into the potential inflows that US Spot Ethereum ETFs could attract. His analysis suggests that these funds could potentially receive significant investments in their first 18 months of trading. Hougan’s analysis is based on the market capitalizations of Bitcoin and Ethereum, with a
The cryptocurrency market is on the brink of a major development with the impending launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Asset managers are eagerly preparing for this milestone, with Bitwise Chief Investment Officer (CIO) Matt Hougan offering insights into the potential impact of these ETFs
Dalmas Ngetich, a seasoned crypto reporter, brings a unique perspective to the industry. With a background in mechanical engineering and over a decade of experience in journalism, Ngetich has specialized in covering topics such as NFTs, blockchain, DeFi, and blockchain news for NewsBTC. His expertise has allowed him to craft over 10,000 news and feature
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself in a pivotal moment as its price consolidates. Traders and investors are grappling with uncertainty as Ethereum’s price hovers near crucial support and resistance levels. This period of price stability has created a sense of indecision in the market, with technical indicators and market signals being
