Solana prices drop 4% after FTX sells $2.6 billion worth of tokens at a 38% discount to Figure Markets and Pantera Capital.
The post Solana drops as FTX sells $2.6 billion at 38% discount appeared first on Crypto Briefing.
Bitcoin could be preparing its "main breakout" if RSI traits follow the run-up to old $20,000 highs from late 2017.
Standard Chartered believes Solana {{SOL}} or Ripple’s XRP could be the next contenders, but not until 2025.
JPMorgan predicts that the newly approved spot Ethereum exchange-traded funds (ETFs) will likely begin trading before the November US presidential elections, citing crypto’s increasing political significance. This outlook follows the US Securities and Exchange Commission’s (SEC) unexpected approval of eight spot Ethereum ETFs on May 23, marking a notable shift from the previous skepticism surrounding […]
The post JPMorgan sees spot Ethereum ETFs trading before 2024 elections amid political gains appeared first on CryptoSlate.
The post Ondo Hits New Highs Above $1; Will the Price Cross the Final Barrier to Reach $1.5? appeared first on Coinpedia Fintech News
Bullish clouds are hovering over the crypto space as traders have become optimistic, followed by the approval of the spot Ethereum ETF. The traders became more sure of the next price action when the ETH price surged magnificently but fell short of a few dollars in reaching $4000. In the meantime, some altcoins have been …
Bitcoin relinquished early gains above $70,000 to close the week only marginally higher.
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722.
EU Council agrees on regulation to expand EuroHPC’s supercomputing role, adding AI factories to boost Europe’s AI ecosystem and support startups.
Ethereum’s (ETH) price has failed to make any significant rally following the Securities and Exchange Commission’s (SEC) approval of the Spot Ethereum ETFs. This is undoubtedly surprising, given that the approval was expected to spark a massive price surge for the second-largest crypto token. Why ETH’s Price Has Failed To Rally Ethereum’s price may have […]
Bitcoin has dropped from its weekly high of $71,980, recorded on May 21, to as low as $67,000, raising concerns amongst crypto investors. However, crypto analyst Jelle has suggested that there is no need to be worried about the flagship crypto’s price action. Why Investors Shouldn’t Be Worried About The Bitcoin Price Jelle noted in an X (formerly Twitter) post that Bitcoin is still following a “similar path” to the 2017 bull run. He claimed that once the crypto token breaks again above the 2021 all-time high ($69,000), it will make a parabolic move to the upside. Jelle predicts that Bitcoin could reach $100,000 when that happens. Related Reading: Pundit Predicts Shiba Inu Competitor Dogwifhat Will Reach $10 Amid Short liquidations In an earlier X post, Jelle provided insights into why Bitcoin could easily make such a move. He revealed that all key resistance levels have been broken. He also noted that a weekly hidden bullish divergence had formed on Bitcoin’s chart, just on top of the previous cycle highs. Meanwhile, crypto trader and analyst Mags also echoed Jelle’s bullish sentiment. In an X post, he mentioned that this recent price correction was the “fakeout before the next leg up.” Mags noted how Bitcoin has maintained a similar pattern since its price bottomed at $15,000, with the flagship crypto consolidating inside a range for “a few weeks or months.” Mags claims that Bitcoin then breaks below the range where it traps all bears before making a “quick reclaim and another leg up.” The analyst added that there is going to be a “massive leg up soon” if Bitcoin manages to repeat this pattern. Crypto analyst BitQuant also assured there was no need to panic about Bitcoin’s recent dip. In an X post, he claimed that the price dip was a “good confirmation” that Bitcoin is preparing for a “big leg up.” The crypto analyst predicts that the flagship crypto will rise to as high as $95,000 when this parabolic move happens. BTC’s Outlook Is Bullish Either Way Crypto analyst Rekt Capital suggested that Bitcoin’s outlook is bullish regardless of what happens. He outlined two possible moves the flagship crypto could make from here. First, he stated that a weekly candle close above $71,500 would likely kickstart the breakout from the Re-Accumulation Range. Related Reading: Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto On the other hand, he noted that history suggests that Bitcoin will consolidate inside this Re-Accumulation Range for some weeks more. Based on his analysis, Bitcoin is still bound to make significant moves to the upside, and all that matters is the timing. The analyst noted that a breakout now could mean Bitcoin would have an accelerated cycle. However, if Bitcoin continues to consolidate for some more weeks, that will help it resynchronize with past halving cycles, resulting in a longer bull run. Featured image created with Dall.E, chart from Tradingview.com
The post ‘XRP Not A Security’ Advertised In Trump’s Campaign appeared first on Coinpedia Fintech News
In a significant development, during Donald Trump’s campaign, someone at the Trump rally in the South Bronx raised a placard bearing a caricature of Trump that said ‘XRP is not a security’. Meanwhile, this has emerged just after Trump’s campaign began accepting donations via cryptocurrencies like XRP. Trump has been an advocate for cryptocurrencies and …
The post XRP Lawyer Challenges SEC’s Cryptocurrency Classification: Ethereum vs. Solana and Cardano appeared first on Coinpedia Fintech News
Meta Law Man, a popular XRP lawyer, complained about the SEC classifying cryptocurrencies, particularly after the recent Ethereum (ETH) declaration as a commodity. The development of the occurrence makes it problematic for the SEC on other cryptocurrencies, such as Solana (SOL) and Cardano (ADA), which the regulator defines as security. SEC’s Inconsistent Classification Meta Law …
The post Sell, Buy, or Hold? Here’s the Best Strategy to Follow Post Ethereum ETF Approval appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has greenlit eight Ethereum exchange-traded funds (ETFs), stirring excitement in the crypto community. But Ethereum’s price took a bumpy ride post-approval, dropping from $3,880 to $3,632, showcasing its typical volatility. This echoes Bitcoin’s past behavior, where dips often preceded big gains. What’s the story for Ethereum from here …
The post Don’t Expect an Ethereum ETF Boom Overnight: Here’s Why appeared first on Coinpedia Fintech News
Think SEC has fully approved ETH ETFs? Well, you’re wrong. Ethereum Exchange-Traded Funds (ETFs) are causing quite a stir in the crypto space. But let’s set the record straight: while the SEC has given the nod to Form 19b-4 for eight Ethereum ETF issuers, including big names like BlackRock and Fidelity, full approval is still …
The post Is XRP Finally Ready to Moon? Analysts Predict Breakout by November appeared first on Coinpedia Fintech News
Crypto enthusiasts are buzzing today as Ripple CEO Brad Garlinghouse hints at a potential breakthrough for the cryptocurrency. With the SEC giving the green light to Ethereum spot ETFs, speculation is growing that an XRP ETF could be next. This news has given XRP holders plenty of reasons to celebrate. Could this be the moment …
The post Bitcoin Printing Bullish Pattern, Being Stuck in a Descending Trend: Here’s When the BTC Price May Breakout! appeared first on Coinpedia Fintech News
The Bitcoin price has become more predictable in recent times as the price movement has been confined within a range. The recent attempt that pushed the prices above $71,900 flashed a major bullish signal for the crypto but the correction that followed has raised many concerns over the future of the BTC price rally. However, …
The Ether ETF approval in the U.S. has sparked investor excitement and a decentralization debate.
The post RBI’s Bulletin Warns Retail Investors Of Crypto’s Lack Of Stability appeared first on Coinpedia Fintech News
The RBI’s monthly bulletin for May 2024 covers the significant impact and inherent risks of Defi and cryptocurrencies within the financial system. It has warned the retail investors of the crypto ecosystem’s lack of accountability and stability. The Indian central bank has also cautioned that some cryptocurrency systems may also be prone to crisis without …
The CatCoin team urged BitForex to respond to its grievances via a designated email address, marking a last-ditch effort before potentially escalating the matter further.
Quick Take A recent analysis of Ethereum’s supply, visualized through the “HODL waves” chart created by Glassnode, reveals that a significant portion of Ethereum supply remains unmoved over various time frames, indicating a trend of long-term holding among investors. The chart illustrates that over 80% of the Ethereum circulating supply has not moved for six […]
The post Ethereum HODLing milestone: over 80% unmoved for six months or more appeared first on CryptoSlate.
The "Cash" Visa card from Ether.fi, the liquid restaking startup on Ethereum, might help crypto natives turn their decentralized finance investments into spending money.
The removal of staking from Ethereum ETFs has been driven by regulatory pressures from the US Securities and Exchange Commission (SEC). Issuers amended their ETF filings to exclude staking provisions prior to the approvals on May 23. This strategic shift aims to align with the SEC’s regulatory expectations to allow the approval for their Ethereum […]
The post Why staking was removed from Ethereum ETFs to get SEC approval appeared first on CryptoSlate.
The exchange's action follows that of Huobi Hong Kong and several other applicants earlier this month.
The ever-vibrant Shiba Inu community is buzzing with excitement as the project’s team member and lead developer, Shytoshi Kusama, has reignited discussion regarding a SHIB Spot ETF. This tease comes in the midst of growing enthusiasm surrounding the approval of the Ethereum Spot ETFs by the United States Securities and Exchange Commission (SEC) on Thursday, […]
Ethereum (ETH), the world’s second-largest cryptocurrency, has been on a tear lately. After months of hovering, the coin has seen a surge in price, and analysts are now pointing to signs within the derivatives market suggesting this rally might have legs. Related Reading: Next Big Move For Bitcoin: Analysts Predict A Potential Breakout At $71,500 Taker Buy Sell Ratio Nears Equilibrium One key indicator is the Taker Buy Sell Ratio, a metric that tracks the volume of buy orders compared to sell orders in ETH’s perpetual futures market. Traditionally, a ratio below 1 suggests more sell orders are flooding the market, potentially driving the price down. Conversely, a ratio above 1 indicates a dominance of buy orders, often a bullish signal. SEC Okays Spot Ethereum ETFs, Market Expectations Reversed The news that the US SEC has approved spot Ethereum ETFs has caused a sharp reversal in the market’s expectations for Ethereum ETF rejection this week, and as a result, the price of Ethereum (ETH) is moving erratically in late Thursday activity. As of right now, Ethereum was trading for about $3,770. That is both considerably higher than the previous session low of $3,500 and sharply lower than the previous session highs of over $4,000. BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It’s really happening. h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT — James Seyffart (@JSeyff) May 23, 2024 CryptoQuant, a leading crypto analytics platform, recently reported that ETH’s Taker Buy Sell Ratio, observed using a 7-day simple moving average, is poised to cross above its 1-center line. This signifies a decline in sell orders and a potential rise in buying pressure. This suggests that the coin may soon retake the $4,000 price level. Related Reading: Tiny Pepe, Big Dreams: Memecoin Explodes, Eyes Dominance In The Dog House This upward trend in the Taker Buy Sell Ratio indicates a potential shift in market dynamics, noted ShayanBTC, a pseudonymous analyst at CryptoQuant. If the ratio continues to rise, it may signal a reduction in aggressive selling pressure, which could be a positive development for ETH’s price, ShayanBTC added. Futures Open Interest Reaches New Highs Another data point bolstering the bullish case comes from the Futures Open Interest metric. This metric tracks the total amount of outstanding futures contracts that haven’t been closed or settled. A rising Open Interest suggests more traders are entering new positions, potentially anticipating a price increase. Related Reading: XRP Declares War On Uncertainty: Analyst Predicts Breakout Fueled By Regulation According to Coinglass, another crypto analytics platform, ETH’s Futures Open Interest has skyrocketed to a new all-time high of $16 billion. This signifies a surge in market participation, with more traders betting on ETH’s future. The all-time high OI suggests a significant increase in investor confidence. This could be due to several factors, including growing institutional adoption of ETH and the upcoming Ethereum 2.0 upgrade. Featured image from Explorersweb, chart from TradingView
According to Dan Romero, as Venmo introduces higher fees, stablecoins could emerge as a potential lifeline for 1099 workers.
The post Why Ethereum ETFs May Not See the Same Success as Bitcoin ETFs appeared first on Coinpedia Fintech News
Following the news of the approval of Ethereum spot ETFs, Bloomberg Intelligence ETF analyst Eric Balchunas has dampened expectations. Balchunas said he expects Ethereum ETFs to gather just 10-15% of the assets Bitcoin ETFs have accumulated. Institutional Interest Remains Low for Ethereum A string of signs suggests Ethereum’s institutional interest is much weaker than Bitcoin’s. …
The post Bitcoin Facing Consolidation Phase: Legendary Crypto Analyst Predicts BTC To Drop To $61k Soon appeared first on Coinpedia Fintech News
Bitcoin’s price dropped on Friday, moving away from recent highs due to worries about high U.S. interest rates. his decline overshadowed a significant development in the approval of exchange-traded funds (ETFs) directly tracking Ether in the United States. Despite some gains earlier in the week, Bitcoin fell by 3.2% in the last 24 hours, reaching …
The post Vitalik Buterin Receives $1M Starknet Grant, Starknet Price Surges appeared first on Coinpedia Fintech News
In a significant development, Vitalik Buterin has unlocked and received 845,205 STRK from the Locked Token Grant contract of the Ethereum L2 network Starknet, valued approximately at $1.07 million. Being an early and committed investor in Starknet, this also demonstrates his confidence in Starknet’s capabilities to enhance Ethereum’s scalability and efficiency. Following the news, Starknet …
The latest price moves in bitcoin (BTC) and crypto markets in context for May 24 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.