CryptoQuant says bitcoin has started Q4 under conditions that appear favorable for a price rally to $160,000–$200,000.
'Good sign for the onslaught of 33 Act ETFs coming soon,' Bloomberg Senior ETF Analyst Eric Balchunas said.
Cryptos steadied after the Fed’s latest cut, but analysts await clearer guidance on future cuts for a sustained rally.
"XXXXXXXXX," the U.S. Federal Reserve said Wednesday.
Standard Chartered said digital asset treasury (DAT) flows will be a stronger price driver for Ethereum than for Bitcoin or Solana.
Galaxy CEO Mike Novogratz called this the “season of SOL,” saying Solana is fast and tailor-made to be the blockchain for financial markets.
Bitcoin nudged toward $114,000 after August CPI matched forecasts, pushing markets to price a 25 bps Fed cut in September.
The JPMorgan analysts warned that other index providers may also reconsider their inclusion of Strategy and similar crypto treasury firms.
Ether’s monthly spot volume on CEXs overtook bitcoin’s for the first time in years amid institutional demand, The Block’s data shows.
The 'OG' whale wallet, which initially held over $5 billion in bitcoin, now holds nearly $4 billion in Ethereum.
One analyst said bitcoin's key support level sits at $100,000 and a breach would trigger a broader liquidity crunch.
The market appears influenced by billions of dollars rotating from BTC to ETH with Bitcoin down 8% and Ethereum up 14% in the past month.
The price of ETH, Ethereum's native token, set its previous all-time high of around $4,878 in November 2021.
Markets across the board traded sharply higher on Friday following Jerome Powell's dovish speech at Jackson Hole.
ETH has outpaced BTC, with JPMorgan pointing to a combination of ETF inflows, corporate adoption, and regulatory clarity among key factors.
Analysts and industry leaders see further upside, with Standard Chartered raising its year-end target to $7,500.
The second-largest cryptocurrency is up approximately 40% since the start of the year, trading hands above $4,500.
Open interest in CME ETH futures also experienced a 75% increase, from $2.97 billion in June to a record $5.21 billion in July.
The price of Ethereum's native asset ether recently eclipsed $4,000 level for the first time in eight months.
Digital asset treasury or DAT deals are booming — but where does that leave general crypto startup funding?
The move comes amid rapid accumulation by Ethereum treasury companies and increasing ETF inflows in recent weeks.
Bitcoin is showing signs of short-term consolidation or mild downside risk after reaching an all-time high last month, CryptoQuant said.
Ethereum treasury firms have bought 1.26 million ETH since June and could grow their holdings tenfold, according to Standard Chartered.
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Galaxy Digital moved nearly 30,000 BTC — worth around $3.5 billion — to exchanges. SharpLink has named Joseph Chalom as its new co-CEO.
Lookonchain said the three addresses all received bitcoin on Dec. 13, 2020, when bitcoin was worth around $18,000.
The latest dominance shift has been headlined by Ethereum's remarkable surge, climbing from $2,500 to $3,500 over roughly 10 days.
Bitcoin and ether both benefit from the growing trend of firms incorporating the cryptocurrencies into their treasuries, analysts said.
Ethereum jumped past $3,600 as over $136 million in shorts were wiped out and traders piled into $4K call options on regulatory and ETF momentum.
One crypto analyst said the next technical resistance lies near $4.5 trillion, with potential downside risks in macroeconomic conditions.