Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is experiencing a significant decline today, with its price dropping by about 8% in the past 24 hours. This sharp decrease comes amidst a broader cryptocurrency market correction of 3.47%.
Bitcoin (BTC) noted considerable volatility this past week following the launch of spot Ethereum(ETH) ETFs. ETH price, on the other, failed to reflect the hype surrounding this event.
Grayscale's ETHE fund leads spot Ether ETFs in a market bloodbath.
Ethereum (ETH) recorded a significant loss in price this week following the trading debut of Ethereum spot ETFs. According to data from CoinMarketCap, ETH has declined by 6.60% in the last seven days, falling as low as $3,100.
Ethereum founder Vitalik Buterin has responded to recent claims by Ethereum team lead Péter Szilágyi, "karalabe.eth," regarding the alleged centralization of the Ethereum network.
ETH's price has remained relatively stable despite worrying ETF trends.
A joint report from Coinbase and Glassnode highlights Ethereum growth amid a decline in price correlation across assets.
Prices have been fairly unimpressive this week—but a lot has happened.
The recent surge in the crypto market is largely driven by the excitement surrounding the ongoing Bitcoin Conference 2024 and the hype around Ethereum ETFs. This renewed optimism has sparked increased investor interest in digital assets.
Crypto bulls, Hold on Tight! Renowned analyst Michael van de Poppe is predicting a massive surge in the altcoin market, potentially marking a historic run for investors. Following a recent correction, van de Poppe anticipates explosive gains for altcoins and Ethereum in the second half 2024. This isn't just wishful thinking.
The approval of Ethereum ETFs promises to attract substantial capital inflows from investors who prefer the regulated environment of traditional financial markets.
The cryptocurrency market experienced a sharp downturn overnight, with Bitcoin (BTC) and Ethereum (ETH) leading the plunge to weekly lows. This sudden drop resulted in a staggering loss of approximately $100 billion in total market capitalization, sending shockwaves through the digital asset landscape.
Ethereum vs Solana is likely to go on for a long, long time.
Based on the present rate of outflows, ETHE's ether reserves may be exhausted in a relatively short timeframe, potentially within weeks.
Ethereum's price is following an eerily similar trajectory to Bitcoin's after its spot ETF approval. And that could mean great things for Ethereum.
Despite the much-awaited Ethereum ETF launch, Solana, Helium, and MEW outshine as best best-performing top altcoins with impressive gains and speculative future growth.
US politics could dictate near-term trends for BTC and the broader crypto market on Saturday, with Trump attending Bitcoin 2024.
Ethereum's Buterin continues to lead the discourse on the important tech conversations of the day.
Ethereum rebounds off support, showing strong bullish momentum and a potential breakout.
The recent launch of spot Ethereum ETFs was supposed to be a game-changer. However, it seems investors are more interested in Bitcoin, leaving Ethereum in the dust.
Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a significant downturn. After failing to break through a key resistance zone, ETH has seen a dramatic 8% decline, raising concerns about its near-term prospects.
This week, the crypto industry saw the launch of spot Ethereum ETFs, a big step for the market. Nine companies, including Franklin Templeton and VanEck, got the green light from the SEC to introduce these ETFs.
Crypto prices are bouncing back after two rough days. Bitcoin climbed over 5%, hitting $68,151, and Ethereum rose 3% to $3,270 at press time.
The total stablecoin supply has increased to around $170 billion, with USDT and USDC remaining dominant.
Grayscale's Ethereum Trust ETF witnessed a massive outflow of $113.3 million on its second trading day, raising eyebrows across the cryptocurrency market. This significant withdrawal comes amid a backdrop of fluctuating investor confidence and market volatility, casting a shadow over Ethereum's prospects.
Cryptocurrency markets are trading higher as the Bitcoin Conference awaits Donald Trump‘s keynote speech on Saturday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,835 +5% Ethereum (CRYPTO: ETH) $3,265 +5.2% Solana (CRYPTO: SOL) $182.9 +8.5% Dogecoin (CRYPTO: DOGE) $0.1336 +10.5% Shiba Inu (CRYPTO: SHIB) $0.00001689 +6% Notable Statistics: IntoTheBlock data shows a marginal increase in transactions greater than $100,000 from 7,583 to 7,838.
The cryptocurrency market is currently experiencing significant pressure, with Bitcoin (BTC) and Ethereum (ETH) leading the decline. This comes amid a broader sell-off in global equity markets, highlighting the interconnectedness between traditional financial markets and digital assets.
Swiss-based Laser Digital, the digital asset subsidiary of Japanese investment bank Nomura, is reportedly planning to introduce an alternative to spot ETH ETFs.
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Nine spot Ethereum ETFs started trading on U.S. exchanges Tuesday, marking another milestone in the digital assets market. These ETFs, now available on Cboe, NYSE Arca, and Nasdaq, were introduced by major financial firms, including BlackRock, Fidelity, and Grayscale.
The crypto market saw significant developments this week with the launch of spot Ethereum exchange-traded funds (ETFs) in the US and the highly anticipated Bitcoin 2024 Conference.
The start of US spot Ethereum exchange traded funds has been quite strange. After the SEC approval, 8 out of 9 ETFs began trading on Tuesday. While one ETF saw heavy inflows, Grayscale's converted fund, ETHE, experienced significant outflows. Let's find out why Grayscale, a management firm, is facing such outflows.
After 6.6 years, the Ethereum Foundation wallet activates, sparking speculation on the Foundation's strategy amid minimal recent sales.
Stay updated with the latest crypto events: Bitcoin 2024 conference boosts BTC, Ethereum sees a rise in active addresses, and Ferrari introduces crypto payments. Discover the potential growth of Bitcoin and Ethereum.
Crypto trader and analyst CrediBULL Crypto predicts a possible downturn for Ethereum (CRYPTO: ETH), while Bitcoin (CRYPTO: BTC) demonstrates strength. What Happened: CrediBULL Crypto noted that Ethereum is halfway to its downside target, while Bitcoin is showing obvious strength against the altcoin.
Here's why ETH correlation to BTC post-ETF pattern in Q1 is raising a 90% rally speculation.
Bitcoin's recovery from the $63,500 level is encouraging, but higher levels may face solid resistance from the bears.
Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news' event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from here, according to an analysis from Matrixport.
If Ethereum ETFs can't get traction, altcoins won't either.
Investor enthusiasm for new Ethereum ETFs has quickly waned, with massive outflows and volatile trading dominating the early days.
The asset manager is considering expanding tokenized securities to Ethereum mainnet and other EVMs, its digital assets head told Cointelegraph.
Bitcoin scaling protocol QED on Friday proposed a major upgrade for Dogecoin. This change could transform the memecoin network into a high-speed platform capable of running complex decentralized apps, similar to Ethereum or Solana.
Only the Grayscale Ethereum Trust (ETHE) saw a net outflow of $346.22 million. The total daily trading volume of the spot ether funds was around $860.8 million.
Eric Balchunas, senior ETF analyst at Bloomberg, has some good news for market participants who are disappointed by the seemingly underwhelming performance of Ethereum ETFs.
Ethereum price showed a slight increase in the past day after recent dips. The token's daily trading volume declined by 8.49% according to CMC data.
Arbitrum's Decentralized Autonomous Organization (DAO) is reviewing a proposal to expand the network's Orbit Chain to other blockchains beyond Ethereum. Expansion program In January, the Arbitrum Foundation introduced the Arbitrum Expansion program to extend its Orbit Chain to other Ethereum-based chains.
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Raoul Paul, the CEO of Real Vision and a prominent financial analyst, has recently disclosed his investment strategy reflecting a drastic shift. Pal has shifted from Bitcoin and other Altcoins, relocating a staggering 90% of his liquid assets into Solana.