Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.

The stablecoin will be backed by USD deposits and US government bonds.

2024's digital asset inflows have hit an all-time high a it climbed above $44 billion - more than four times higher than previous years.

As chill winds blow outside, the crypto market is heating up. With 2024 nearing a close, the cryptocurrency market is abuzz with talk of a ‘Santa Rally,' spurred in large part by two pivotal developments.

Bears are keeping the pressure on at the beginning of the week, according to CoinMarketCap.

After facing rejection at the critical $4K resistance and retracing to the $3.5K support level, Ethereum witnessed a strong resurgence of buying pressure, triggering another impulsive rally. The price has once again approached the $4K resistance, where a potential breakout could ignite a short-squeeze, driving Ethereum higher.

Ethereum price holds steady amid heightened investor interest ETH/USD has held steady above the previously strong resistance zone of $3,750 for close to a week; trading close to the 9-month high it hit earlier in the month.

Ethereum's price recently surged to $4,000, and the timing of this movement suggests a potentially significant institutional presence in the market. Just six hours before the spike, two multi sign wallets, which share a common creator address, withdrew a total of 4,502 ETH worth $17.54 million from Binance and staked them.

Justin Sun is said to have initiated a withdrawal request of over 50,000 ETH from Lido Finance.

Prominent Ethereum devs say significantly raising gas limits will increase network capacity and innovation, but others say too big of an increase would pose serious risks to stability and security.

On-chain activity on L2 expanded in 2024, while the Ethereum main net retained a baseline level of activity.

TL;DR Ethereum's (ETH) price surged to $4,000 following significant activity from two newly created multi-signature wallets, which withdrew a combined total of 4,502 ETH from Binance. The timing and scale of these transactions suggest potential institutional involvement, boosting the value of the staked ETH by 3% and generating an unrealized profit of over $500,000.

A widely followed crypto analyst says that holders of smart contract platform Solana (SOL) may be due for the same pain Ethereum (ETH) traders felt during previous cycles.

The Ethereum market was seen experiencing a 2.36% surge in the last 24 hours, with ETH price settling near $3,951.

TL;DR Hyperliquid is growing significantly amid increased fund inflows into Bitcoin (BTC) and Ethereum (ETH) within the DeFi sector. The recent surge in BTC and ETH prices has led to notable fund inflows into DeFi protocols, with Hyperliquid becoming a major hub for value locked, reaching a TVL of $3.19 billion.

Ethereum is once again making headlines as it edges closer to the critical $4,100 resistance level. After building steady upward momentum, the bulls seem determined to reclaim control and challenge this key barrier.

Ethereum (ETH) faces potential market volatility after Tron (TRON) founder Justin Sun announced his intention to withdraw 52,905 ETH, valued at around $209 million, from Lido Finance (LDO). Sun's decision comes on the heels of a recent sell-off when Ethereum hit the $4,000 mark, raising questions about his intentions.

Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a realm of limitless innovations and a battleground for regulatory and economic conflicts. Here is a summary of the most significant news from the past week regarding Bitcoin, Ethereum, Binance, Solana, and Ripple.

Ethereum whales and institutions are accumulating. Whales have accumulated 6102 ETH tokens worth $23.84 million over the past day.

Bitcoin (BTC) surged to a new all-time high during early Asian trading hours, hitting a peak of $106,449 before declining to its current level. The rally came as speculations grew about it becoming a United States reserve asset.

Whale activity on Ethereum has increased significantly since the end of November. According to on-chain data, ETH addresses with balances above $10,000 have surged significantly.

Ethereum whales have aggressively accumulated more coins in the past few weeks amid anticipated altseason in the near term.

After an impressive performance in the past two months, Ethereum (ETH) price has reached a crucial resistance level above $3,953, which could either delay or confirm further bullish sentiment.

Justin Sun's planned acquisition of 52,905 ETH coincides with Ethereum's strong market performance, as the asset trades near $4,000 with increased trading volume and positive market metrics.

The founder of TRON, Justin Sun, has applied to withdraw 52,905 ETH, worth $209 million, from Lido Finance. This could affect Ethereum's prices, says historical data.

As the 2024 bull market extends, fund inflows are reaching new records. Stable Ethereum (ETH) prices and new Bitcoin (BTC) price records are already reflected in DeFi.

The cryptocurrency market has achieved a new landmark, exceeding $3.7 trillion in market capitalization, after Bitcoin price soared to reach a new all-time high (ATH) of $106,488.25. The largest cryptocurrency has demonstrated a 5.37% and 15.19% in weekly and monthly gains, respectively, dominating the market with 56.13% with a market cap of $2.07 trillion.

Justin Sun recently withdrew 52,905 ETH from Lido Finance, an amount valued at approximately $209 million. This withdrawal adds to his earlier transactions in Ethereum, and there's speculation that his activity could potentially impact the ETH market.

Ethereum is expected to reach a new all-time high in the first quarter of 2025, according to analysts.

Tron founder Justin Sun has sparked speculations in the market with his recent plan to acquire around 53K ETH. Notably, this comes as the Ethereum price flirted near the $4,000 mark, with a surge of nearly 2% in its last 24-hour value.

The cryptocurrency market has achieved a new high by hitting a market capitalization of over $3.7 Trillion. With this, Bitcoin price today has achieved a new all-time high of $106,488.25 during the early Asian market hours. This highlights a strong bullish sentiment in the crypto space.

Ethereum spot exchange-traded funds (ETFs) are witnessing unprecedented investor interest, with a record $855 million net inflow during the week of December 9–13, 2024. The post ETH Spot ETFs Hit ATH of $855M, BlackRock ETHA Sees $523M Inflows appeared first on Cryptonews.

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The price of Ethereum surged to $4,000 once again and it can't be a coincidence. Just 6 hours before the price surge, two multisign wallets with a common creator address withdrew their first ETH and staked them. Has some new institution started accumulating Ethereum, maybe.

The cryptocurrency market witnessed a significant upswing on December 16, with Bitcoin (BTC) hovering around $105K at press time. Earlier, BTC reached an all-time high of $106,400. The broader market followed suit, as major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), recorded steady gains.

Ethereum price started a decent increase above the $3,900 zone. ETH is consolidating gains and might aim for a move above the $4,000 resistance zone.

An outspoken crypto researcher reckons the intersection of artificial intelligence (AI) and crypto will be Ethereum's (ETH) undoing.

Over the past few days, Ethereum's (ETH) price has oscillated within a narrow trading range. This mirrors the broader cryptocurrency market trend, which is in a consolidation phase.

Bitcoin bulls are attempting to push BTC price above teh $104,088 all-time high, and charts suggest ETH, LINK, AAVE and BGB will be the first to breakout.

European banking giant Societe Generale has successfully completed a collateralized market transaction using tokenized bonds issued in 2020 on the Ethereum (ETH) blockchain. Tokenized bonds are a digital representation of traditional bonds that can be held and traded on a blockchain.

The price of GOUT has surged over 70% as Ethereum shows signs of reclaiming the $4,000 level. According to CoinGecko data, the price of GOUT has pumped from a 24-hour low of $0.0003233 to as high as $0.

Asset management titan BlackRock's head of exchange-traded funds (ETFs) reportedly says that demand for Bitcoin (BTC) and Ethereum (ETH) ETFs is only just beginning to scratch the surface.

Ethereum liquid restaking TVL surged 6,000%, hitting $17.26B by December 2024. Ether.fi leads the market with a 50% share, holding over $9B in restaked assets.

Ethereum is making another attempt to break above the $4,000 level as it edges closer to its all-time highs. Despite its strong fundamentals, doubts linger in the market regarding Ethereum's performance this cycle, with some expecting it to underperform amid stiff competition from other blockchain ecosystems.

In early Sunday trade, Bitcoin, Ethereum and the rest of the crypto market saw profit-taking, with about $252 million reported in crypto liquidations.

Hedge funds have set a new record for shorts against Ethereum on the Chicago Mercantile Exchange (CME), driving these positions to an all-time high.

The crypto market is buzzing again with optimistic forecasts for Ethereum. While Bitcoin recently reached historical highs, analysts predict that Ether could follow suit and break new records as early as the first quarter of 2025.