Asset managers are currently optimistic about the possibility of the Security and Exchange Commission (SEC) approving the first U.S. ETFs directly investing in Ethereum. They believe that approval could come as early as mid-July. The SEC has set a deadline of July 8 for ETF applicants to submit updated paperwork and amended S-1s, with potential
Cryptocurrency
Cardano (ADA) has shown a correlation with the broader market, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, ADA has now deviated from the struggles of Bitcoin (BTC) and Ethereum (ETH), exhibiting a 2% increase in the past 24 hours and over 12%
Tom Lee, the head of research at Fundstrat, has once again reiterated his prediction that Bitcoin will skyrocket to $150,000. Despite the current bearish trends in the market, Lee remains optimistic about the future of the pioneer cryptocurrency. In a recent interview with CNBC Television, he emphasized his belief that Bitcoin will reach new all-time
Galaxy Digital CEO Mike Novogratz believes that the future of the cryptocurrency sector in the US looks promising, regardless of the outcome of the 2024 presidential election. In a recent CNBC interview, Novogratz emphasized the importance of bipartisan support for crypto. He stated that it is crucial for both parties to back the industry to
In the first half of 2024, Bitcoin and Ethereum have emerged as the most profitable assets, outperforming traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. This surge in performance has caught the attention of investors and asset managers alike, who are now taking notice of the potential
Cryptocurrencies have been a topic of discussion and debate in financial circles for quite some time. Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” in which he delves deep into the historical economic patterns from the 1930s to the 1970s and draws compelling parallels to today’s financial landscape. His analysis
Bitcoin has been experiencing a tumultuous period recently, with its price fluctuating after a sharp drop below $60,000 and then struggling to surpass key resistance levels, most notably $63,500. This has created a bearish sentiment among investors, as many anticipate further price declines. Crypto analyst Alan Santana has recently entered the fray with a grim
A crypto analyst recently discovered a new technical pattern in the Cardano price movements, suggesting the possibility of a significant rebound. This discovery has sparked optimism among investors, with some analysts speculating that Cardano may have reached its lowest point and could be poised for a comeback to $0.8. Falling Wedge Pattern Signaling a Potential
Bitcoin, once known for its around-the-clock trading accessibility, is experiencing a significant shift in trading patterns. According to a recent report by Kaiko, BTC weekend trading volumes have plummeted to historic lows, dropping from 28% in 2019 to a mere 16% in 2024. This decline is closely tied to the increasing influence of institutional investors
Vitalik Buterin, a co-founder of Ethereum, recently expressed his apprehensions about the current state of cryptocurrency regulation, particularly in the United States. He raised a crucial point regarding the paradoxical nature of the regulatory framework that he believes is hindering the growth and integrity of the industry. Buterin pointed out that the existing regulatory environment