Amidst the most volatile week of 2024 in the cryptocurrency market, the transaction costs for Bitcoin and Ether hit a new low, the lowest in several months. With a low of $1.93 per transaction on June 23, the average Bitcoin transaction fee hit its lowest point since October 2023. The
Top cryptocurrencies are facing tough times, while traditional assets like the NASDAQ are growing. What’s causing the chaos? Today, the cryptocurrency market is displaying a significant downturn, with major altcoins witnessing sharp declines. The global crypto market capitalization has decreased by 3.38% to $2.27 trillion. This drop has been largely
The prominent ETF issuer YieldMax has recently filed with the US SEC to launch an ETF based on the Ether Option Income Strategy. According to a filing made public on June 21, 2024, the ETF will be listed on the NYSE Arca. This strategic shift is also occurring at the
June 22, 2024 – Ethereum (ETH) remains a focal point in the crypto market as it grapples with a key support level of $3,500 amidst renewed concerns over Ethereum ETF approval. Earlier today, ETH dipped below $3,500, sparking fears of a potential decline towards $3,200. However, ETH managed to find
The S-1 registration form for the spot Ethereum ETF was recently modified by financial services behemoth Fidelity Investments. Most of the potential spot Ethereum issuers are anticipated to submit these changes today, as anticipated before. The revised S-1 filing by Fidelity Investments comes as rumors about the approval of spot
Ethereum’s open interest (OI) has seen a significant decrease from $13 billion to $11.5 billion. This decline in OI, which represents the value of outstanding futures contracts, indicates that traders are closing their positions in the cryptocurrency, providing some relief to the market. Prominent Intotheblock analyst Burak noted, “Following this
Amidst evolving regulatory landscapes in the cryptocurrency market, Ethereum has received a boost as the SEC concluded its investigation, signaling positive sentiment for the digital asset. This development has injected optimism into the global crypto market, prompting a potential recovery outlook. In the past 24 hours, Cardano (ADA) has displayed
The global cryptocurrency markets saw a slight recovery today as Ethereum (ETH) spiked over 6% to above $3,500 following news of the U.S. Securities and Exchange Commission (SEC) closing its investigation into ETH sales. This bullish trend extended across Ethereum and other altcoins. Consensys Software, an Ethereum developer, confirmed in
Consensys, a blockchain software company announced that the U.S. Securities and Exchange Commission’s enforcement division has notified the company that it is closing its investigation into Ethereum 2.0 –the crypto community has greatly celebrated this news. In its official tweet posted hours ago, it wrote “Ethereum survives the SEC,” adding,
The altcoin market is experiencing high bearish pressure, with major cryptocurrencies seeing notable declines. Ethereum (ETH), the leading altcoin has dropped 4% in the past twenty-four hours, hitting a one-month low of $3,355. Despite this price drop, trading volume has surged by 83%. Other notable coins in the altcoins’ red
