With major cryptocurrencies like Bitcoin and Ether experiencing recent price declines after hitting significant highs, investors are turning their attention to the altcoin market in search of potential high-growth opportunities. This shift in focus comes as a natural market reaction following the optimism surrounding recent ETF approvals. BTC has surged 22% in the past 30
Bitcoin
Bitcoin has recently experienced a retracement after reaching a high of $53,000 on February 20. Despite this dip, Bitcoin whales are taking advantage of the situation by increasing their accumulation of the leading cryptocurrency. Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto Quant, highlighted in a recent X post that
VanEck’s Bitcoin exchange-traded fund (ETF) experienced a significant and unexpected surge in daily trading volume, reaching $258 million in a single day. This marks a 14-fold increase from its previous daily trading volume of $25.5 million. Despite this achievement, VanEck’s ETF has struggled to keep up with the trading volumes seen in other ETFs such
In recent years, there has been a noticeable decline in the volume of Bitcoin stored in exchange wallets. This shift in investor behavior marks a significant departure from the trend observed in mid-March 2020 when over 17% of Bitcoin’s total supply was housed on exchanges, representing a record high. Despite Bitcoin’s 2021 bull run, which
The recent surge in Ethereum’s price has sparked renewed interest in the crypto community, but Fred Krueger, an experienced Bitcoin ETF specialist, has raised doubts about the validity of this valuation. Krueger’s analysis points to a troubling trend in the usage of the Ethereum blockchain, highlighting a significant drop in daily active users from 120K
The world of cryptocurrencies is ever-changing and full of excitement, especially in the case of Ethereum, the second-largest digital currency. With CEO Michaël van de Poppe’s bold prediction of Ethereum potentially surging to $3,800 to $4,500, investors are buzzing with enthusiasm. This optimistic forecast comes at a time when Ethereum’s current valuation stands at around
Coinbase’s non-US exchange achieved a significant milestone on February 20th, with daily trading volume exceeding $1 billion. This marked the first time that the international exchange reached this impressive volume mark. Coinbase CEO, Brian Armstrong, expressed his satisfaction with this achievement and highlighted the continuous growth of the platform. As reported by Coinbase International Exchange,
Bernstein, a global asset management firm, recently expressed confidence in the approval of an Ethereum Spot ETF by the US Securities and Exchange Commission (SEC). The analysts at Bernstein, Gautam Chhugani and Mahika Sapra, believe that Ethereum has a strong chance of being the second digital asset after Bitcoin to receive a Spot ETF approval
Renowned crypto analyst Michaël van de Poppe has made a bullish prediction for Ethereum, suggesting that it could soar to $4,500. Van de Poppe believes Ethereum is soaking up Bitcoin’s upward momentum as investment capital shifts to ETH. According to the analyst, this is a “massive period to be rotating from Bitcoin towards Ethereum.” The
Ethereum has recently broken through the $2,900 level, showcasing a strong surge in price over the past 24 hours. While Bitcoin has been experiencing a sideways trajectory, Ethereum has taken its own path, surging almost 4% in a day. This push has brought Ethereum to touch the $2,900 mark for the first time since May