Technical analysis shows that Dogecoin is looking to break out from a key structure zone near $0.26, which could cause a change in market momentum. This technical outlook comes amidst a bearish week for DOGE, which has seen it breaking below support levels and erasing its gains throughout January.
Ether's price briefly spiked 3.5% on the news that asset manager 21Shares plans to add staking to its spot Ether ETF.
The price of Ethereum has completely pared off its losses in the past 24 hours after 21Shares filed a proposal to offer staking services on spot ETH ETF products. For a coin that traded as low as $2,551.17 in the past 24 hours, it is now changing hands for $2,794.86, up 4.73% at the time
The Cboe BZX Exchange, Inc. has submitted a proposal to enable staking for the 21Shares Core Ethereum exchange-traded fund (ETF).
Also: Lido goes modular; Uniswap finally launches Unichain
Despite increased negative side factors, demand for Ethereum remains high and positions ETH for recovery.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently attracted significant attention after a group of crypto whales purchased 600,000 ETH in just one week. This considerable acquisition raises several questions about what the future holds for Ethereum's price.
Bloomberg Intelligence ETF analyst James Seyffart alluded to the filing being the first ETF to file with the SEC to allow for staking.
Solana meme coins bearing Elon Musk's X account name plummeted on Wednesday after the tech CEO ditched his new moniker, “Harry Bōlz.”
Ethereum tokens to the tune of 224,410 were pulled out of exchanges in the last 48 hours, causing a huge wave of withdrawals that have rocked the cryptocurrency scene. According to Santiment data, the massive exodus that took place on February 8 and 9 represents the largest net outflow in almost two years.
Staffers from Elon Musk's secretive government slashing effort, the Department of Government Efficiency, have pushed the highest officials at the Department of Education out of their own offices, rearranged the furniture and set up white noise machines to muffle their voices, employees at the agency said.
Institutional investors are making headlines again. Recent reports reveal that global asset manager BlackRock has been quietly ramping up its crypto exposure. According to a report on CryptoPanic, the asset management company is on a buying spree that now includes Ethereum and a range of altcoins.
The price of Ethereum (ETH) is stabilizing above the $2,500 support level after falling on February 7.
Crypto markets are stabilizing and trending upward after an initial drop following the higher-than-expected COnsumer Price Inflation report. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,166.74 +2.2% Ethereum (CRYPTO: ETH) $2,679.72 +3.4% Solana (CRYPTO: SOL) $193.42 -1% XRP (CRYPTO: XRP) $2.44 +2.7% Dogecoin (CRYPTO: DOGE) $0.2612 +4.6% Shiba Inu (CRYPTO: SHIB) $0.00001680 +8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 3.2% and daily active addresses grew by 2.6%.
zkLend offered the hacker a 10% bounty, allowing them to keep 400 ETH if they return 3,300 ETH by Feb 14, releasing them from liability.
Due to recent investments, BlackRock, the world's largest asset manager, is attracting significant attention from crypto enthusiasts amid ongoing market uncertainty. Today, February 12, 2024, blockchain-based security intelligence firm Arkham posted on X (formerly Twitter) that BlackRock has invested millions of dollars in Bitcoin (BTC) and Ethereum (ETH).
Ethereum (ETH) revisited the $2,500 range, while traders reconsidered the bullish predictions for 2025. Funds remain more conservative compared to influencers, predicting ETH prices between $5,500 and $7,000.
On Tuesday, Uniswap launched the mainnet of its brand new layer-two Ethereum scaling protocol, called Unichain.
There have been recent concerns within the crypto community regarding Binance's recent activities after a claim surfaced that the exchange had been offloading large amounts of Bitcoin and Ethereum. The Binance selloff trend was first noted on social media platform X by a market participant known as AB Kuai.Dong (@_FORAB), who noted that the crypto exchange had allegedly been selling off its Bitcoin and Ethereum holdings.
Ethereum price action has shown potential to replicate the gains seen in the 2021 altseason.
Bitcoin bears are finding it difficult to pin the price below $95,000, indicating solid demand at lower levels.
Dogecoin (DOGE) has surged 5.6% in the past 24 hours, reaching $0.265 per token and driving a notable increase in the total market cap of meme coins due to its strong dominance. As the leader of the meme coin sector, DOGE has shown remarkable resilience during the recent market downturn.
Ethereum (ETH) continues to experience heavy volatility in the crypto market, leaving many investors and traders uncertain about its future. As the overall market faces confusion, with the prices of digital assets fluctuating, whales seem to be taking a more calculated approach.
The new infrastructure will allow USDT deployments on Arbitrum, Ethereum, Tron, Ton, Ink, and Berachain to link without wrapping tokens.
Bitcoin ETF outflows continue as Powell's rejection of rate cuts and high inflation trigger a pullback from institutional investors. However, the Ethereum ETF market performed well, showing strong confidence and investor appetite for buying the dip.
Uniswap takes a major new step with the launch of Unichain, its Layer 2 blockchain on Ethereum. This announcement comes just a few days after the successful deployment of its version 4 on twelve major networks.
DeFiLlama's data revealed that Ethereum had flipped the GMGN Telegram bot in weekly revenue less than 24 hours ago despite falling to 17th place in weekly revenue rankings. The Telegram bot BullX generated more revenue than Ethereum in the past seven days as Tether held steady at the top in terms of annual, monthly, weekly, and 24-hour revenue.
Elon Musk's DOGE aims to cut $4T from the federal budget, but the $36T national debt remains a major challenge.
The Swiss stock exchange group SIX has introduced a Digital Collateral Service, allowing financial institutions to use crypto assets alongside traditional securities as collateral.
Dogecoin's price has shown little momentum recently, holding around $0.25, with no clear direction emerging. This uncertainty has extended into the futures market, where traders are unsure of the coin's next move.
Starknet-based lending protocol zkLend has confirmed a significant security breach, resulting in the theft of more than $9 million in Ethereum (ETH).
TL;DR Bitcoin's price dropped by 1.91%, while Ethereum and other cryptocurrencies also saw significant losses due to an unexpected rise in inflation in the U.S. for January. The Consumer Price Index (CPI) increased by 3% year-over-year, surpassing analysts' expectations, raising concerns about potential persistent inflation.
The 50-day Exponential Moving Average (EMA) is about to cross below the 200-day EMA, putting Ethereum closer to the edge of facing some serious consecuences, especially if investors keep on actively selling the asset, despite the fact that institutional investors are actively buying it.
Dogecoin (DOGE) has faced price volatility lately, and the coin has not found stability above the $0.27 level. In the last seven days, DOGE's price breached the $0.265 mark only once but found no boost to sustain this upward move.
As layer-2 chains continue to proliferate, some Ethereum developers are pushing rollup tech that takes a new approach to interoperability: “based rollups.”
Leading the market among cryptocurrencies, Bitcoin exhibits encouraging progress. With a market value of $1.92 trillion and trading at $97,334.17, Bitcoin is displaying encouraging movement. Analysts see Bitcoin rising and project a $2.5 trillion market cap in 2025. Should this occur, Dogecoin might reach $4.
After a relatively subdued price performance in 2024, Ethereum (ETH) could be on the verge of a significant breakout. A recent analysis by a well-known crypto analyst suggests that the second-largest digital asset may soon enter what they call its “most hated rally.
According to reports, the gas fees of Ethereum have dipped to its lowest of $0.04 in the last week, making it one of the cheapest networks in the market. Meanwhile, the Dogecoin price is trading in an ascending channel. Ali Martinez forecasts its value could pump to $4 in the coming months.
Hong Kong has officially incorporated Bitcoin and Ethereum into its Capital Investment Entrant Scheme (CIES), allowing high-net-worth individuals to use these cryptocurrencies to demonstrate their wealth for residency applications.
With Bitcoin‘s (CRYPTO: BTC) price struggling and U.S. inflation data exceeding expectations, market analysts recommend that crypto investors holding long positions prioritize downside protection and closely monitor institutional flows. After hotter-than-expected inflation data was released, Bitcoin experienced a 2% decline to levels below $95,000, highlighting the ongoing volatility and uncertainty within the cryptocurrency market.
Rep. Laurel Lee, R-Fla., discusses the reported ICE leaks, deportation flights, sanctuary cities' lack of cooperation with the Trump administration, the president's latest executive order and combatting the country's fentanyl crisis.
Crypto whales have purchased a significant 600,000 Ethereum in the past week. What does it signify?
Bitcoin dropped as it became clear that inflation was worse than expected in January.
At the heart of Lido V3 are “stVaults,” a modular tool that connects stakers, node operators, and protocols. They also optimize fees, risks, and rewards.
Like rats leaving a sinking ship, 605 million dollars in ETH are making their escape. Should we see this as an imminent rebound or a planned shipwreck?
Ethereum's price has been dropping rapidly over the past few weeks, and while it has seemingly slowed down, more downside movement is still possible.
Jeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, potential impact of tariffs, the role of DOGE and Elon Musk, the Fed's inflation fight, and more.