The value of Ether (ETH) has been on the rise lately, and so has Ethereum’s open interest. While this signals bullish sentiment from traders, it also indicates impending volatility and calls for caution in the market. According to CryptoQuant analyst Burak Kesmeci, Ethereum’s open interest data has increased by almost $1.5 billion in the past...Read More
Although we still have a long way to go in 2024, this year has already been quite eventful for the cryptocurrency industry and not only for Bitcoin. The second-largest digital asset also received a massive dose of validation earlier this year when the US Securities and Exchange Commission greenlighted almost ten exchange-traded funds tracking its...Read More
Ether’s has failed to gain any upward traction despite the hype around it. Instead, the altcoin ended up shedding nearly 2% over the past 24 hours as it hovered near $3,460 despite a strong debut for spot Ethereum ETFs. This tepid price movement contrasts with the strong trading activity recorded by these new investment vehicles...Read More
The long-anticipated launch of spot Ethereum ETFs in the United States became a reality today as nine such financial vehicles went live for trading. The first 90 minutes were quite impactful, as the total volumes exceeded $360 million, according to data from Bloomberg’s ETF specialist – Eric Balchunas. Here’s where we at after 90 minutes....Read More
Following weeks of adjustments to registration statements, several spot Ethereum ETFs have been approved and will start trading on Tuesday. Ether’s price has not experienced any significant changes so far. Kaiko suggests that in the coming days, the crypto asset will likely be “sensitive” to inflows from spot ETFs, especially given the tepid demand for...Read More
Ethereum prices dropped more than 3% from an intraday high of $3,540 on July 22 to a low of $3,425 during the Tuesday morning Asian trading session. They have recovered slightly since but analyst ‘Kaleo’ predicted that there is a “high likelihood we see some type of pullback after the spot ETF launches.” He predicted...Read More
Bitwise Asset Management’s Chief Investment Officer has predicted that the introduction of Ethereum Exchange-Traded Products (ETPs) will drive ether (ETH) prices to new all-time highs above $5,000 by the end of the year. The CIO suggests that ETP flows could have a bigger impact on Ethereum than they did on Bitcoin. The Road to Ethereum’s...Read More
On July 11, the on-chain analytics platform Lookonchain identified a large deposit and withdrawal of ETH from Elwood Technologies to and from Binance. The Elwood-linked address deposited 26,811 ETH worth around $83 million to Binance over the past three days. The entity also withdrew 24,463 ETH worth around $76 million from the centralized exchange over...Read More
Ethereum-based decentralized computing platform Golem has sent more than $100 million worth of ETH to centralized exchanges such as Binance, Coinbase, and Bitfinex over the past few weeks. This has become a cause for concern for crypto markets already battered by large Bitcoin selloffs and the prospect of more to come. Golem is one of...Read More
Investors are eagerly awaiting the launch of spot Ethereum ETFs this month. But reports of delays appear to have vexed investors. But once spot Ethereum ETFs hit the floor, these new products are estimated to attract net inflows of $3-$5 billion within the first six months of trading, according to a recent report published by...Read More
Ethereum’s status as an ultrasound money system becomes increasingly questionable as the days go by, especially as its supply keeps increasing at a high rate. Since mid-April 2024, about a month after the Ethereum network underwent the Dencun upgrade, more than 112,000 ether (ETH) has been added to the market at the fastest daily rate...Read More
The cryptocurrency industry is often described as a risk-on asset class that tends to underperform in times of economic uncertainty. Although the stock market also falls in this category, at least to an extent, it has been on a wild run in the past few weeks, with multiple new all-time highs from the most prominent...Read More
Historically, Bitcoin has played a crucial role in driving market trends. Due to this substantial influence over other cryptocurrencies, BTC has, time and again, served as a primary indicator. While long-term holders of Bitcoin started liquidating their positions in January, their Ethereum counterparts have been steadily accumulating. Divergence Among Ethereum Holders The behavior of long-term...Read More
The market may have lacked luster, but investors are comfortably sitting on substantial piles of profit. Data suggest that profits are heavily focused on large-cap tokens and meme coins, while altcoins have taken a backseat. The latest findings by IntoTheBlock revealed that Bitcoin (BTC) leads the pack with 89.11% of its holders currently sitting in...Read More
A hawkish-than-expected FOMC meeting drove investors to scale back their exposure to fixed-supply assets, which in turn resulted in digital assets investment products seeing outflows of $600 million. This represented the largest outflows since March 22, 2024. Moreover, the recent price declines further exacerbated the bearish sentiment, as evidenced in the decrease in total assets...Read More
After the US Securities and Exchange Commission made history earlier this year by approving almost a dozen spot Bitcoin ETFs, all eyes in the community turned to the next digital asset in line – Ethereum. While the landscape didn’t look promising at first, it changed several weeks ago when, somewhat surprisingly, the agency greenlighted eight...Read More
Ethereum has continued to face challenges staying above the $4,000 mark, mirroring the lack of momentum in the broader market. While the investors await for a rally, data suggest a surge in demand for the world’s largest altcoin. Permanent Ethereum Holders Bought Big According to CryptoQuant head of research Julio Moreno’s recent findings, Ethereum’s demand...Read More
Ethereum witnessed its strongest week in terms of capital inflow since March, with total inflows amounting to $69 million over the past week, as per the latest stats by CoinShares. The latest influx can be attributed to the surprise decision by the US Securities and Exchange (SEC) to allow spot Ether ETFs. As a result,...Read More
All eyes are on spot Ethereum ETFs. SEC’s surprising turn of events last month has prompted a surge in addresses holding large amounts of ETH during the period. Such a trend could potentially hint at a much-needed revival for the world’s largest altcoin, which has been struggling to surpass the $4,000 resistance level. Wealthy Investors...Read More
“It is only a matter of time until Bitcoin makes a new all-time high,” said 10x Research CEO Markus Thielen in a note on June 7. The analyst has observed a “head and shoulders” chart pattern, which is nearing completion. This could result in a “rally towards 83,000 soon,” he said, predicting that this may...Read More
Following the recent rally of the broader crypto market, a large percentage of the circulating supply of most cryptocurrencies is currently in profit. Market intelligence platform Santiment has revealed that bitcoin (BTC) and ether (ETH) are the top dogs in terms of long-term investment profitability, surpassing assets like Chainlink (LINK), Dogecoin (DOGE), Ripple (XRP), and...Read More
Around $2.25 billion in notional value cryptocurrency options contracts will expire on June 7. Roughly 18,000 Bitcoin options contracts are among them, and these have a notional value of $1.25 billion. Today’s crypto options expiry event is a lot smaller than last week’s end-of-month contract expiry so impact on spot markets is likely to be minimal....Read More
Ethereum is seeing a turnaround in sentiment owing to the SEC approval of a spot Ether ETF that is set to go live sometime next month. According to CoinShares’ latest report, Ethereum-based investment products experienced a second consecutive week of inflows marking a reversal from a 10-week outflow streak amounting to $200 million. Over the...Read More
Ethereum’s recent momentum appeared to have slowed down, largely due to the pause in ETF-related excitement. Despite this, there is a significant accumulation trend among large holders a.k.a whales, even as ETH’s price remains below $4,000. Massive Increase in Ethereum Whales According to the latest Glassnode data, shared by popular crypto analyst Ali Martinez, there...Read More
Bitcoin and Ethereum have managed to pull crowds with stunning rallies this year. With the approval of their respective spot ETFs, the world’s largest cryptocurrencies are expected to attract billions. As such, popular analyst Lark Davis has made bold predictions for the top assets. Bold Predictions For Bitcoin and Ethereum In a recent tweet, Davis...Read More
Over the week, ether (ETH) received a large share of crypto investors’ attention as anticipation intensified about approvals for its spot exchange-traded funds (ETFs). While the crypto asset rallied significantly as the market waited for the U.S. Securities and Exchange Commission’s (SEC) decision on the ETFs, CryptoQuant analysts identified on-chain dynamics that could trigger major...Read More
Ethereum’s (ETH) dramatic rally to the $3,700 price zone has put a substantial portion of the cryptocurrency’s holders in profit, boosting their investment returns significantly. According to a tweet by IntoTheBlock, 90% of market participants holding ETH are currently in profit, while the remaining 10% are at the money. No ETH holder is at a...Read More
ETH prices topped $3,700 in an intraday high in early trading in Asia on Tuesday, May 21. It is the highest the asset has been since early April when it spiked to similar levels before dumping below $3,000 a week later. The massive 20% move has been triggered by renewed hopes that the US Securities...Read More
During the ongoing cycle, BTC and ETH have witnessed a growing divergence in their respective performances. According to Glassnode’s findings, this can be attributed to a general trend of weaker capital rotation, particularly in comparison to previous cycles and all-time high breakthroughs. Ethereum Receives Weak Capital Flows Leading up to bitcoin’s peak established on March...Read More
As the classic weather forecast goes in the Northern Hemisphere, April showers bring May flowers. Will it hold up for crypto exchange markets in Q2 of 2024 after a sharp correction this April? And if the market does recover in May, whose flowers will bloom brightest? Bitcoin price‘s four-year bull run seems imminent, but will...Read More
