Ethereum (ETH), the world's second-largest cryptocurrency by market cap appears bullish and is poised for a notable upside rally due to its bullish price action and favorable on-chain metrics. In addition to this, whales and investors have moved a significant amount of ETH from the exchanges in the past week.
Cryptocurrency markets are trading higher as Donald Trump‘s election odds continue their rally. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $69,526.75 +2.6% Ethereum (CRYPTO: ETH) $2,506.32 +0.7% Solana (CRYPTO: SOL) $176.00 -0.4% Dogecoin (CRYPTO: DOGE) $0.1577 +11.6% Shiba Inu (CRYPTO: SHIB) $0.0000178 +4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 11.1% and daily active addresses falling by 11.6%.
In just the past week, more than $750 million worth of Ethereum has been withdrawn from major crypto exchanges.
Bitcoin's open interest just exploded by $1.94 billion today, with its price rallying toward the $70,000 mark. Coinbase has been dumping Bitcoin on the spot market since US markets opened.
Bitcoin (BTC) adoption is following a pattern similar to the videogame industry, with younger investors increasingly embracing the crypto while older generations gradually exit, according to VanEck's head of digital assets research, Matthew Sigel. Speaking on CNBC's “Squawk Box” on Oct.
The king coin's direction hinges on key economic data and trends.
Ethereum (ETH) has demonstrated impressive resilience in the face of mounting fears, often referred to as FUD (fear, uncertainty, and doubt), which have plagued the cryptocurrency market in recent weeks. While the digital asset has struggled to keep pace with competitors like Bitcoin (BTC) and Solana (SOL), recent analyses suggest that ETH may be on the brink of a turnaround.
Amid a tight matchup between bulls and bears, the crypto market has looked indecisive in recent months.
Ethereum (ETH) has witnessed a decline in demand over the past few months. Due to this slowdown in blockchain activity, the Ether burn rate has been reduced.
Bitcoin's "bullish setup" into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.
Key Bitcoin (CRYPTO: BTC) indicators suggest the apex crypto could be on the verge of a significant rally as a veteran analyst downplays the influence of the presidential election on Bitcoin's trajectory. What Happened: Bitcoin could be set for another rally, according to crypto analyst Caleb Franzen, who observed a sharp shift in a momentum indicator used by traders to gauge buy and sell signals.
The cryptocurrency market experiences significant fluctuations, its total market cap has recently dropped to around $2.31 trillion, down from a high of $2.38 trillion earlier this month. This decline has led to notable corrections in the prices of major cryptocurrencies, particularly Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
Former Ripple executive and crypto enthusiast Matt Hamilton has suggested that XRP may soon outpace Bitcoin as the leading cryptocurrency.
Ethereum's exchange reserves have seen a sharp decline, hinting at growing investor confidence in holding ETH long-term.
Emory University invested $15.8 million into Grayscale's Bitcoin Mini Trust. According to ETF analysts, every type of institutional investor eligible to buy a Bitcoin ETF has now done so.
Japanese firm Metaplanet has acquired an additional $10 million in Bitcoin (BTC), bringing its total holdings of the flagship crypto to over $1,000 as it continues with its October BTC shopping spree.
While Bitcoin has posted strong gains in 2024, the MSTR share price has far outperformed the cryptocurrency.
Ethereum (ETH) co-founder Vitalik Buterin has slammed critics who call out the Ethereum Foundation for selling ETH. In an X post, Buterin noted that the funds raised from ETH sales went towards supporting the Ethereum blockchain.
Tokyo-listed Metaplanet Inc. has announced a significant expansion of its Bitcoin (CRYPTO: BTC) holdings with an additional purchase valued at approximately $10.4 million, further establishing its presence in the digital asset market. What Happened: The recent acquisition, totaling 156.783 BTC at an average price of $66,575 per Bitcoin, brings Metaplanet's total Bitcoin holdings to over 1,018 BTC, currently valued at around $67.1 million.
Emory University, a private research institution based in Atlanta, Georgia, has recently made headlines by disclosing a $15.8 million investment in a spot Bitcoin exchange-traded fund (ETF).
One month ago, ethereum liquid staking derivatives (LSD) protocols collectively held 14.08 million ETH, crossing the 14 million milestone. Since then, these protocols have scooped up an additional 60,000 ETH. Ethereum's Liquid Staking Surge Ethereum liquid staking has skyrocketed in popularity recently, with protocols now securing 11.74% of the total 120,401,221 ETH in circulation.
While Bitcoin miners show record confidence today, growing third-party involvement threatens the network's future.
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The overall market is currently struggling and investors seem to hesitate while bidding on any cryptocurrency due to strong market volatility. Amid this, Japanese investment giant, Metaplanet has captured market attention with its latest strategy ahead of the United States presidential election. Metaplanet's 156.
The cryptocurrency market is regaining traction as Bitcoin surges past the crucial $69K level, with investors anticipating a potential $70K breakthrough. As Bitcoin rallies, certain altcoins are positioned for significant upward movement, potentially offering robust returns in the coming days.
A solo Bitcoin miner has hit the jackpot, securing a staggering $222,000 by successfully processing a block on the Bitcoin network. This remarkable feat shines a spotlight on the unpredictable and often exhilarating world of cryptocurrency mining, where individual miners can occasionally achieve what typically falls to large, powerful mining pools.
MicroStrategy's stock surge highlights the potential for significant gains in crypto-linked equities, reflecting broader market optimism. The post MicroStrategy stock hits new high as Bitcoin soars to $69,000 appeared first on Crypto Briefing.
Avi Zurlo, who took the reins at the Nil Foundation on Monday, will lead initiatives to make zkProofs more accessible for developers on Ethereum and help scale the network through sharding.
Bitfinex report predicts the US election could drive Bitcoin price beyond $73,666 due to increased options activity and market volatility. The post Bitfinex says US election could push Bitcoin beyond its all-time high of $73,666 appeared first on Crypto Briefing.
Crypto funds saw $901 million in inflows this October, with Bitcoin leading, as the election climate drives a bullish case.
CryptoQuant analyst Maartunn has flagged a notable divergence between Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs, advising a cautious stance towards the latter. What Happened: Maartunn took to X to highlight the difference in netflows between Bitcoin and Ethereum ETFs.
A Bitcoin-focused nonprofit organization is outlining several reasons why central banks should adopt BTC as a reserve asset. In a new paper, the Bitcoin Policy Institute (BPI) says Bitcoin is an effective portfolio diversifier that can shield central banks against macroeconomic threats emerging across the globe.
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
Emory University has disclosed a $16 million investment in the Grayscale Bitcoin Mini Trust (NYSE:BTC), placing it among the first higher education institutions to dive into Bitcoin (CRYPTO: BTC) holdings. This move follows a trend set by corporate giants like Tesla, Block Inc. (formerly Square) and PayPal, which have each added Bitcoin to their balance sheets in recent years.
Bitcoin's best years have been characterized by copper's outperformance relative to gold but the widely-tracked ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets. What does the sliding copper-to-gold ratio mean for bitcoin?
As the Dogecoin price inches closer to the long-anticipated $1 mark, the excitement is undeniable. The Dogecoin price rally is drawing attention from traders and investors alike. Yet, while the Dogecoin price climbs toward this psychological milestone, another Ethereum token is silently making waves, poised to eclipse Dogecoin's gains by a staggering 30,000% rally.
The investment manager's long term model puts BTC's price at roughly $3 million by 2050.
A solo Bitcoin block was recently mined for the first time in over a decade, according to FutureBit founder John Stefanopoulos.
BSV, SPX, RUNE top daily gains chart alongside BTC's rally.
I think it's game over for the Democrats.
Ethereum's infrastructure limitations are driving users, applications, and capital to Layer 2s and competing blockchains, an analyst said.
The head of digital assets research at exchange-traded fund (ETF) provider VanEck says that Bitcoin (BTC) is looking bullish ahead of the US presidential election.
BTC's price could skyrocket soon due to the emergence of a "golden cross."
Vitalik Buterin defends Ethereum's strategy against criticisms of data overload, assuring the efficiency of the crypto network.
Bitcoin could increase in value as the U.S. elections approaches; however, analysts warn that a sell-off may occur in the days that follow.
Throughout most of October, Bitcoin (BTC) outperformed many altcoins within the top 100, dispelling speculation that an altcoin season would kick off this month. However, as the 11th month of the year approaches, BeInCrypto reveals three bullish altcoins predicted to outperform Bitcoin.
Bitcoin ETFs are recording solid buying, a sign that traders believe to be an indicator that BTC will break through the range highs.