Bitcoin price trades below $70,000 as traders derisk ahead of the election. Will altcoins follow this trend or take advantage of BTC's consolidation?
Michigan's state pension fund invests $11M in Ethereum ETF, marking a significant Ethereum ETF investment milestone in US pensions. The post Michigan becomes first state pension fund to invest in Ethereum ETFs with $11M stake appeared first on Crypto Briefing.
Ethereum ETFs recorded their first State Pension Fund buy, as Michigan scooped shares from two funds offered by Grayscale.
Vlayer, a crypto startup developing "Solidity 2.0" — which adds new functions to Ethereum's smart contract language — has raised $10 million.
The value of the ARK 21Shares Bitcoin ETF shares held by the state's pension fund increased by roughly $1 million since being reported.
The Michigan pension agency disclosed it held about $10 million worth of Grayscale's Ethereum Trust as of the end of the third quarter.
The State of Michigan Retirement System has purchased 460,000 shares of Grayscale Ethereum Trust (ETHE) for roughly $10 million, according to a recent regulatory filing.
Ethereum is trading at a critical demand level following an 11% pullback from recent local highs. This dip has analysts and investors on edge, as losing this level could trigger a wave of aggressive sell-offs, potentially driving ETH prices lower.
As Ethereum begins to show positive price action once again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory in the short term, suggesting a potential rally in the upcoming weeks.
Ethereum (ETH), the second-largest crypto by market capitalization after Bitcoin, continues to generate significant interest among investors and analysts, especially in light of recent news about its profitability and profit. According to an analysis conducted by the CryptoQuant analyst known as Baykuş, a surprising 79.92% of Ethereum addresses are currently in profit.
Buyers are back in the game at the beginning of the week, according to CoinStats.
The cryptocurrency market is reacting to the upcoming US Presidential election after more than $288M was liquidated within 24 hours per Coinglass. Out of these liquidations, $142M were long, while $86M were short.
The latest crypto high-profile platform to be targeted by the bad guys is Metawin. According to reports, hackers broke into the withdrawal system of the crypto site and stole more than $4 million worth of digital assets.
TL;DR Last week, digital asset investment products saw inflows of US$2.2 billion, bringing the total to US$29.2 billion so far this year. Euphoria surrounding a possible Republican victory in the US elections drove these flows, although small outflows were seen on Friday as polls changed.
The next decade will bring more institutional adoption for Ethereum, but solving the security concerns of the wider crypto space remains a priority.
Ethereum has struggled to sustain a rally above $2,500 and data suggests that more downside could be on the way for ETH price.
Researchers Justin Drake and Dankrad Feist stirred up controversy in May after revealing they'd received large token payouts from EigenLayer.
Ethereum (ETH) is currently hovering around critical support and resistance levels, with recent trading activity suggesting that a breakout or breakdown might be on the horizon. Ethereum Looking at the daily chart, ethereum (ETH) has trended downward since hitting a high of $2,769.4 in Oct.
A closely followed crypto analyst says there is a good chance that Ethereum (ETH) may enter a final capitulation in the coming weeks.
Sui has emerged as a noteworthy competitor in 2024, recently eclipsing both Solana (SOL) and Ethereum (ETH) in terms of net inflows. This significant achievement not only highlights Sui's growing influence but also raises questions about the future trajectory of its price amidst current market dynamics.
A newly created Gemini multisig custody wallet bets big on four crypto recently, sparking market speculations. The wallet created just 18 days ago, spent more than $113 million to accumulate Ethereum, SHIB, PEPE Coin, and LINK crypto.
The low demand for Ethereum among institutional investors will soon change as Bitcoin dominance hovers around a major psychological resistance level.
It's called the “UBS USD Money Market Investment Fund Token” or “uMINT.” This fund is based on a technology called blockchain, specifically using Ethereum's distributed ledger technology.
Bitcoin (BTC) briefly fell below $68,000, plunging to a low of $67,574 on Sunday as buyers struggled to hold on to $68,000 following the emergence of mixed signals. The drop marks a significant pullback from above $73,500, with recent daily candles representing considerable selling pressure, indicating a bearish outlook.
All eyes are currently on the world's largest altcoin Ethereum (ETH) as it strongly defends the crucial support levels of $2,400. The Ethereum price reversed its trajectory shooting past $2,500 over the weekend with analysts stating that ETH has taken the perfect support and is gearing up for a nearly 2.5x rally to $6,000 ahead.
With a bullish failure to sustain the early price to $73,600 last week, Bitcoin (BTC) closed at a 1.18% weekly return at a price of $68,738. The bearish turnaround resulted in a 0.64% decline in the total market and a 4% drop in altcoin market excluding Bitcoin and Ethereum.
Ethereum has factored in a modest price increase of 0.54% in the last 24 hours. The altcoin has failed to show significant price movements after the August market crash.
Long-term holders' confidence in Ethereum could push it to new highs in the coming months.
Global financial powerhouse UBS Asset Management launched its first tokenized investment fund on the Ethereum blockchain.
Ethereum's recent market activity reveals a holding pattern among large holders, often referred to as “whales.” These influential players have taken a step back as ETH's price remains stuck in a consolidation zone, dampening hopes for a breakout.
Popular cryptocurrency analyst Ali Martinez expressed bullish sentiments on Ethereum (CRYPTO: ETH), citing an attractive risk-to-reward ratio. What Happened: In an X post on Monday, Martinez stated his optimism toward the second-largest cryptocurrency, highlighting its potential for a long position.
Ethereum price started a fresh decline below the $2,550 support. ETH is struggling and might recover if it clears the $2,500 resistance zone.
“Just as Amazon evolved beyond books to redefine entire industries, Ethereum may also surprise us with revolutionary use cases that we can't fully envision today,” one 21Shares executive said.
Leading cryptocurrencies retraced over the weekend as the probability of Donald Trump winning the presidential election fell sharply in prediction markets.
A recap of Ethereum in the last three months as it struggles to overcome its consolidation zone.
The corporate earnings season unfolds, insights from major players in the crypto market, like Coinbase, provide valuable information about the performance of leading cryptocurrencies. The latest quarterly report from Coinbase covers the period from July to September 2024, shedding light on the competition between Bitcoin and Ethereum—two of the most significant assets in the cryptocurrency space.
Bitcoin's volatility is expected to pick up after the US elections, and charts suggest that ETH, DOGE, LTC and XMR could be the first to follow.
What's next for SUI price as it outperforms Solana and Ethereum on net flows.
Metawin, a crypto casino, got hit hard today. Hackers exploited it for more than $4 million in Ethereum (ETH) and Solana (SOL).
An exploiter managed to steal a significant amount of tokens from crypto casino Metawin's Ethereum and Solana hot wallets by exploiting the protocol's “frictionless withdrawal system,” Metawin CEO Richard “Skel” Skelhorn announced early on Sunday.
UBS Asset Management is unveiling its first tokenized investment fund on the leading smart contract platform Ethereum (ETH). In a statement, the global wealth manager and multinational investment bank says the UBS USD Money Market Investment Fund Token (uMINT) will be made available through authorized distribution partners. The Swiss firm with over $5.
Amid ongoing market turmoil, top cryptocurrencies have recorded a significant correction in their values. However, whales have taken advantage of this situation by increasing their hold and stacking more tokens at a discounted price.
Bitcoin and Ethereum have been struggling as October came to an end, triggering fear, doubt and uncertainty among large holders. Bitcoin (BTC) dropped 1.75% in the past 24 hours and is trading at $68,500 at the time of writing.
Ethereum's recent price movements reveal a strong seller presence, particularly around the critical resistance region at the 100-day moving average. This price action suggests increased downward pressure, with a corrective consolidation expected in the near term.
Two Ethereum Foundation researchers Justin Drake and Dankrad Feist have disclosed the decisions to drop their advisorship positions with EigenLayer. The two experts took on this role with the restaking protocol earlier in May 2024 — but much to the disappointment of the crypto community.
Justin Drake has stepped down from his advisory role at EigenLayer just six months after his appointment, following backlash from the crypto community over potential conflicts of interest with his responsibilities at the Ethereum Foundation.
Bitcoin and Solana show bullish price development and correct lower from record levels, while Ethereum exhibits bearish price development.
The crypto market entered November on a slightly bearish note as Bitcoin plunged below $70,000. Some analysts believe this downturn is a temporary selling pressure ahead of the U.S. presidential election.