The widespread speculation that a Bitcoin Spot ETF is soon to be approved seems to be pumping investors’ optimism. Industry sentiment is becoming stronger as several industry professionals and organizations have said that the SEC might approve a Bitcoin Spot exchange-traded fund (ETF) as early as January 2024. The widely
In Wednesday’s trading session, Ethereum experienced a modest rally, displaying sustained upward momentum from the lower boundary of a significant consolidation range. However, the cryptocurrency faced hurdles around the $2,250 and $2,300 resistance levels, struggling to find a foothold above $2,250. Also, Ethereum encountered multiple rejections in the $2,200 to
In a recent tweet, prominent crypto trader Ali sheds light on Ethereum’s current market dynamics, hinting at a potential upward trajectory for the popular cryptocurrency. Ethereum, one of the leading players in the crypto market, is currently undergoing a retest of its breakout zone within an ascending triangle, signaling a
The continuing upswing that started in the middle of October may be the beginning of a protracted bull market, according to crypto industry experts. During this time, stablecoins tend to flood the market. The majority of investors use stablecoins to buy and sell cryptocurrencies on exchanges. An examination of DeFiLlama
Many Ethereum ETFs have had their SEC decisions postponed until May 2024. Delays in a decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF were announced in several regulatory filings on December 18th by the agency. Although Grayscale’s Ethereum Futures ETF is seen as a “trojan
Ethereum, the second-largest cryptocurrency, has experienced high price volatility and remained under bearish control for over three days. However, today marks a potential recovery as ETH surged by 3% in the past 24 hours, paralleling the global market cap’s 4% surge within the same timeframe. ETH hit a two-week low
Optimism over the anticipated approval of spot Bitcoin ETF applications in the U.S. market has propelled Bitcoin to the forefront of the larger market rise over the last two months. However, there was a noticeable slowdown in crypto trading activity on the final non-holiday weekend of the year, which might
An unprecedented milestone has been reached by SOL, surpassing Ethereum in 24-hour decentralized exchange (DEX) volume the very first time since its inception in 2020. The Solana chain exceeded the Ethereum chain in DEX volume, according to statistics released by DeFiLlama on December 16. The Ethereum rollup chain Arbitrum was
Ethereum (ETH) has managed to bounce back, defying the recent dip in the crypto market caused by the news of a major hack targeting Ledger, one of the prominent crypto hardware wallet providers. According to CoinMarketCap, ETH is traded at $2,329, marking a1.92% increase in the past 24 hours. However,
A long-dormant Ethereum (ETH) whale has resurfaced, making a substantial deposit of 5,000 ETH worth approximately $11.3 million to Coinbase. This revelation comes from insights provided by Lookonchain, a leading crypto-analytics platform. Typically, when large deposits are made to crypto trading platforms by dormant whales, it often signals an intention
