According to analysts at JPMorgan, the current spike in cryptocurrency prices is not due to market fundamentals or institutional investors but rather to irrational trading choices made by individual traders. On Thursday, analysts headed by Nikolaos Panigirtzoglou of JPMorgan released a report stating that, similar to stocks, they found that
In a recent Twitter post, Ethereum co-founder Vitalik Buterin issued a warning about Layer 2 (Ethereum L2) solutions. Among the many dangers of Ethereum L2 deployments, Buterin stressed the possibility of permanent financial losses. The rising popularity of Layer 2 scaling options to improve Ethereum’s scalability and lower transaction costs
Since Bitcoin ETFs were introduced in January, the price of Ethereum, the second-largest cryptocurrency, has been in the focus. With numerous applications already filed with the SEC, investors think Ethereum’s chances of acquiring a spot ETF are strong. Coinbase has backed Grayscale’s proposal to convert its existing Ethereum Trust product
Coinbase, a leading cryptocurrency exchange, has taken a proactive stance in advocating for the approval of the Grayscale Ethereum Trust listing as a spot ether Exchange-Traded Fund (ETF). The company’s Chief Legal Officer, Paul Grewal, recently announced on social media platform X that Coinbase has responded to a request for
Ether (ETH), the native token of the Ethereum network, surged past the $3,000 mark on Tuesday, marking its highest value since April 2022. Over the past 24 hours, Ether’s price has risen by approximately 3.5%, reaching $3,033, and has displayed a significant 16% increase in the past week, outpacing other
Galaxy Digital, an investment firm founded by Mike Novogratz, has purchased a huge quantity of Ethereum (ETH) from two major crypto exchanges, Coinbase Prime and Binance. The transaction, worth about $76 million, shows Galaxy Digital’s bullish outlook on Ethereum and its future potential. Galaxy Digital withdrew around 26,000 ETH from
Ethereum (ETH) has been on a remarkably bullish trajectory, with trading activity surging notably on the last day. This uptick in trading can be attributed to strategic investors positioning themselves ahead of the resumption of Bitcoin ETF trading sessions in the US. Sentiments daily trading volume tracking reveals a significant
According to the most recent data from CoinShares, crypto funds managed by asset managers including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion worldwide last week. The new U.S. spot Bitcoin ETFs have been the most successful so far this year, bringing in $5.2 billion
Ethereum co-founder Vitalik Buterin recently wrote a post on AI and its crypto applications, which led to a price spike for ETH. Buterin has been discussing the benefits and drawbacks of artificial intelligence (AI) lately. He recently discussed the intersection between crypto and AI, outlining advantages, disadvantages, and possible applications.
The increasing demand for Bitcoin from institutional traders has helped push its price beyond $52,000 in recent times. A change in investor attitude is reflected in the spike in Bitcoin’s price. Since the middle of December, Ethereum’s price has remained within a narrow range. Ethereum has made tremendous gains in
