Ethereum, the second-largest cryptocurrency, is currently facing bearish pressure after showing signs of bullish dominance. While October brought positive momentum to major cryptocurrencies like Bitcoin and Ethereum, with both breaking key resistance levels at $28,000 and $1,700, respectively, Ethereum has encountered a recent setback, currently trading at $1,637. The unexpected
Initial trading activity for Ethereum futures exchange-traded funds (ETFs) was much lower than expected. Recent Ether futures exchange-traded funds failed to make a major impression despite being billed as revolutionary products. On its first day of trading, less than $2 million was traded across all nine ETFs. Valkyrie’s BTF futures
Bitcoin, the largest cryptocurrency by market capitalization, has been making significant strides with a remarkable bull run. Over the weekend, it surged from $27,132 to $28,494 before retracing to $27,601. Despite a bearish September, this past week has seen a resurgence of bullish sentiment, resulting in some price volatility. The
Now that Bitcoin is back in the limelight, industry watchers and investors are eager to forecast its next move. As experts referred to ETF optimism and seasonality as a few factors for the increases, BTC climbed past the $28,000 barrier early Monday to register the highest level in almost a
VanEck plans to give The Protocol Guild, a group of 152 people working on the fundamental protocol for Ethereum, ten percent of its Ethereum Strategy exchange-traded fund’s profit for at least ten years. VanEck also complimented the Ethereum developers for their tenacity in creating and maintaining this shared infrastructure over
The price of bitcoin has witnessed slight correction lately after a significant rally to $27,200 mark. As a result, there is a great deal of unpredictability in the crypto market. Moreover, the SEC recently postponed a decision on a Spot Bitcoin exchange-traded fund (ETF) application from Blackrock, a global leader
VanEck, a major investment management firm, has announced its plan to create the VanEck Ethereum Strategy Exchange Traded Fund (EFUT), a significant step that reflects the rising acceptability of cryptocurrencies in conventional finance. This follows the company’s prior entrance into the cryptocurrency sector with the launch of its Bitcoin Strategy
As the U.S. stock market continued its downward spiral on Wednesday, bitcoin’s price made a failed attempt to regain the $27,000 barrier. For the cryptocurrency industry to see sustained development, it may need a strong catalyst such as a Spot BTC or ETH ETF approval. Bitcoin supply owned by U.S.
The continuing battle between cryptocurrency entities and the U.S. Securities and Exchange Commission (SEC) has taken an unexpected twist. Ethereum Futures Exchange-Traded Funds (ETFs) are set to make their debut in the United States, possibly as early as next week, according to Bloomberg analysts. This development comes after a turbulent
The Merge update to Ethereum’s core protocol was a watershed point in the cryptocurrency’s history, marking a transition away from the inefficient proof-of-work (PoW) consensus mechanism in favor of the more energy-efficient proof-of-stake (PoS). Ethereum’s compliance with the strict criteria imposed by the Office of Foreign Assets Control (OFAC) has
