Ethereum (ETH) has been trying to break the shackles and claim the next highs. However, the overall sentiment appears to be too negative at this point in time.
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) attracted another round of inflows, netting $61.3 million. Meanwhile, the spot ethereum ETFs took a hit, with the nine funds collectively pulling out $822,290 during the trading session. Bitcoin ETFs Pull in Millions, Ethereum Funds Post Losses The spotlight was on bitcoin ETFs, which gathered $61.
BlackRock‘s recently launched Ethereum ETF (NASDAQ:ETHA) is seeing significantly lower volume and inflows compared to its Bitcoin counterpart. The company's head of digital assets, Robert Mitchnick, doesn't anticipate that gap closing anytime soon.
Ethereum's (ETH) price has been struggling to break from the resistance at $2,698 for over six weeks, with repeated failed attempts to secure a close above this level. This resistance has kept the altcoin king in consolidation, preventing further gains.
Over the last two weeks, the gas fees to use Ethereum have skyrocketed by 498% due to a jump in network activity. According to a report from Coinbase published on September 27, the average gas fees between September 16 and September 26th were nearly five times higher than usual.
Ripple's RLUSD stablecoin faces potential delays and functionality restrictions on the XRP Ledger due to issues with its integration into the Automated Market Maker.
Significant transactions often send ripples through the market. Recently, a wallet associated with Vitalik Buterin, the co-founder of Ethereum, transferred a hefty amount of ETH, raising concerns among traders and analysts alike.
Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world's largest cryptocurrency and an increase in spot Bitcoin ETF inflows.
U.S. spot Bitcoin ETFs witnessed daily total net inflows worth $61.30 million on September 30. The inflows marked an eight-day positive streak that started on September 19.
Robinhood Markets Inc.'s (NASDAQ:HOOD) cryptocurrency division launched crypto transfers for its European customers on Tuesday. This new feature allows users to deposit and withdraw over 20 different cryptocurrencies.
Jesse Pollak's new role at Coinbase aims to strengthen Coinbase's values and enhance user experience in the blockchain ecosystem.
Vitalik Buterin is laying out how the Ethereum (ETH) ecosystem can embrace both decentralization and cooperation without compromising either. In a new blog post, the Ethereum creator argues that the ecosystem's strength comes from the wide range of people and organizations working on it.
Ethereum (CRYPTO: ETH) co-founder, Vitalik Buterin, threw his support behind the cryptocurrency-based prediction market Polymarket, emphasizing its value in providing accurate information and preventing misinformation. What Happened: On Monday, Buterin argued in favor of the so-called decentralized prediction market that has grown in popularity this U.S. election season.
Spot Ethereum ETF products are faring below expectations, including BlackRock's iShares Ethereum Trust.
Bitcoin ETFs saw strong inflows of $494.4 million on Friday followed by more modest $61.3 million on Monday, while Ethereum ETFs experienced mixed flows with initial inflows followed by minor outflows at month's end.
Robert Mitchnick, the head of digital assets at financial giant Blackrock, recently addressed the underwhelming performance of Ether-based exchange-traded funds, predicting that things are not going to change for the better anytime soon.
Robinhood is positioning the move as a way to provide users with greater control over their digital assets and simplify access to DeFi.
Spot Bitcoin exchange-traded funds saw their eighth straight day of inflows on Sept. 30, whereas spot Ether ETFs experienced outflows following a day of positive flows.
Chainlink price has been on an upward trajectory throughout the month of September, rising by as much as 39% and making higher highs. Investors are closely watching this gem as they believe it could one day be bigger than even Bitcoin (BTC) and Ethereum (ETH).
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently lagged behind other top tokens, posting losses on both a 24-hour and weekly basis. Despite this downturn, some analysts believe that if Ethereum can overcome critical resistance levels in the near future, it may follow seasonal trends typically seen in “Uptober,” potentially leading to a price recovery.
Jesse Pollak, the creator of Ethereum's Layer 2 blockchain Base, has announced his new role as part of the Coinbase executive team, marking progress in his career.
Robert Mitchnick, the head of digital assets at BlackRock, recently admitted that the trading volumes and inflows for spot Ethereum ETFs are quite underwhelming against their Bitcoin counterparts. As we know, the market for Ethereum ETFs has turned dull and boring with not enough takers for the asset class, against the strong demand for Bitcoin.
Trader Alex Krüger ignited debate by positing that Solana (SOL) could soon surpass Ethereum (ETH) in market capitalization. This assertion, shared during an engaging episode of the Unchained podcast, has drawn attention from investors and analysts alike, challenging the traditional hierarchy of the crypto space.
The netflows chart did not support a strongly bullish Ethereum price prediction.
Digital asset inflows reached $1.2 billion, with Ethereum contributing $87 million, reversing its five-week outflows amidst improving market sentiment.
Ethereum price is correcting gains below the $2,650 resistance. ETH is now trading near the $2,600 support and might face many hurdles.
iShares Ethereum Trust ETF has underperformed compared to its highly successful Bitcoin ETF.
Leading cryptocurrencies retraced Monday as geopolitical tensions escalated after Israel launched a military operation in Lebanon.
BlackRock's commitment to educating investors on Ethereum could drive long-term growth and broader acceptance of digital asset ETFs. The post BlackRock sees potential in spot Ethereum ETF, despite slower uptake compared to Bitcoin appeared first on Crypto Briefing.
A wallet linked to Vitalik Buterin deposited 649 Ethereum worth $1.72 million to Paxos.
Ethereum co-founder Vitalik Buterin has stirred discussions within the crypto community by advocating for a concept he calls “Ethereum Alignment.” This initiative seeks to unify the diverse projects in the Ethereum ecosystem, ensuring that they collectively advance toward common objectives rather than existing in silos.
Global crypto investment products have surged, recording $1.2 billion in net inflows over the past week. This marks the third consecutive week of positive inflows and a notable shift in market sentiment, as highlighted by the latest report from CoinShares, a leading digital asset investment firm.
On October 1, 2024, the popular Solana-based meme coin Bonk (BONK) made a headline as it topped the cryptocurrency market with its impressive performance. In the ongoing struggling cryptocurrency market, BONK has outperformed major cryptocurrencies like Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and many others with a significant price surge of over 9.
Ethereum ETFs recorded their largest inflow in over a month, bringing in $84.6 million last week.
The recent shift to inflows follows shifting macroeconomic winds.
An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond?
Ethereum restaking protocol EigenLayer will unlock the EIGEN token for trading tonight, nearly four months after the first airdrop.
Ethereum, the second-largest cryptocurrency by market cap, has recently shown signs of a shifting market sentiment and momentum, according to an analysis by a CryptoQuant analyst named Percival. The analyst disclosed that various market conditions and technological developments have impacted Ethereum's momentum and have led to mixed views on its future growth trajectory.
Ethereum remains by far the largest smart contracts platform by market cap. Perched at second in the market cap leaderboard, the network hosts dapps cutting across multiple sectors.
Sui Bridge goes live on Mainnet, enabling native asset transfers between Ethereum and Sui, enhancing Web3 interoperability.
Cryptocurrency markets are trading lower to start the new week after record inflows into Bitcoin ETFs last week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,431.9 -3.6% Ethereum (CRYPTO: ETH) $2,589.2 -2.8% Solana (CRYPTO: SOL) $154.6 -2% Dogecoin (CRYPTO: DOGE) $0.118 -7.2% Shiba Inu (CRYPTO: SHIB) $0.00001779 -8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 6.05% and daily active addresses spiked by 4.9%.
FalconX's Head of Research David Lawant suggests that ETH staking yield likely to surpass yield from traditional risk-free investments.
Even though Ethereum's (ETH) price has not produced the gains that holders would hope for, recent data shows that investors holding the altcoin have remained resilient and optimistic. This could be surprising, especially as the Ethereum Foundation, which has been at the helm of selling ETH, has liquidated some assets again.
Bitcoin and altcoins are witnessing end-of-month volatility, but traders remain upbeat about October due to the crypto market's history of strong performance in Q4.
Despite being historically bearish, September turned out to be green for both Ethereum and Dogecoin.
Despite scalability and high gas fees facing Ethereum, the founder of EigenLayer, a liquidity restaking platform, insists the network is superior, especially against Solana. Solana is the third most valuable smart contracts platform, trailing Ethereum and the BNB Chain.
TL;DR The Ethereum Foundation has sold more than $10 million worth of ether this year. The community is calling for greater transparency regarding the foundation's financial management. Vitalik Buterin suggests a strategy of spending 15% of the remaining funds annually. The Ethereum Foundation has been in the spotlight recently due to its significant ether transactions.