The crypto market exhibits a bearish sentiment followed by the unchanged Fed rate. Bitcoin has dropped by 3%, and the largest altcoin, Ethereum, recorded a similar downside price action by falling over 3.70%. A low has formed near $3,136, indicating a negative outlook. The price drop of ETH can also
The cryptocurrency market is currently experiencing a bearish phase, with the global crypto market cap dropping by 3.17%. Despite this, trading volume has increased by 21%. Bitcoin has hit a 13-day low of $63,573.63, declining by 3% in the past 24 hours. This downturn has affected altcoins, which have fallen
Launched on the London Stock Exchange (LSE), Fidelity International’s Physical Bitcoin Exchange Traded Product (ETP) is a revolutionary step. Professional investors are taking notice of this as a major development for cryptocurrencies in the UK. This announcement has boosted crypto market players’ confidence amidst a lot of chatter in the
Grayscale Investments has officially launched its Grayscale Bitcoin Mini Trust (BTC), which began trading at 4 a.m. ET on Wednesday on NYSE Arca. This development follows the SEC’s approval of the 19b-4 form for the new product last week. The BTC Trust is designed to be a “spin-off” of Grayscale’s
Chainlink (LINK), the decentralized oracle network, is currently grappling with the challenge of breaking above the critical psychological resistance level of $15. This struggle persists despite the prevailing optimism among LINK holders, which is particularly surprising given the current market conditions. Chainlink’s Major News Fails to Ignite Price Action The
The recent appearance of a golden cross in Dogecoin’s (DOGE) price chart has generated renewed optimism as investors eagerly anticipate the possibility of a broader altcoin rebound. This development opens the door for a larger altcoin surge, and the AI trading platform RCO Finance is well-positioned to profit from this
Ethereum (ETH), the second-largest cryptocurrency, resumes encountering a feud at the borderline post the launch of spot ETH ETFs. The asset is priced in red, dropping by 1.28% over the past 24 hours. This decline comes alongside Bitcoin’s fall of over 4% to $66.5K from $69K. Ethereum celebrates its ninth
The overall crypto market witnessed a slight price dip of 3.28% in the last 24 hours. Leading cryptocurrencies, Bitcoin and Ethereum also showed price declines going back to previous trading levels. Notably, the second largest altcoin, Solana also incurred bearish movements after the upward movements. According to CMC data, SOL
Ethereum (ETH) concluded last week on a bearish note, despite a notable rebound triggered by the recent approval of spot Ether exchange-traded funds (ETFs). The large-cap altcoin, boasting a fully diluted valuation of approximately $407 billion and a daily average traded volume of around $11.1 billion, has managed to establish
More than 28 percent of Ethereum (ETH) has been staked, marking a significant milestone. Glassnode and Cryptoquant.com reports that 28% of the entire ETH is now staked. There is a scarcity signalling around 10% of Ethereum volume on crypto exchanges. According to Leon Waidmann, Head of Research at the non-profit
