More than 19 months after Ethereum’s historic Merge upgrade, the data is clear: the network’s native asset, Ether (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio tapped another three-year low on Thursday at 0.044, with Ether last experiencing less market dominance against Bitcoin in May of 2021. The trend has been
Gains
The recent resurgence of interest in meme coins has brought about the rise of Wall Street Pepe, a token that saw a dramatic increase in value before crashing just as quickly. Initially fueled by the return of Roaring Kitty, Wall Street Pepe garnered attention from the community with ‘Wolf of Wall Street’ inspired Pepe memes.
The cryptocurrency market has been relatively stagnant, but today shows a glimmer of hope with Ethereum (ETH) trading at $2,977.88, marking a 2.6% increase over the past 24 hours. Despite this short-term increase, senior market analyst Alex Kuptsikevich highlights Ethereum’s challenges. The ongoing consolidation near the lower end of its price range and a “death
Ric Edelman, founder of the Digital Assets Council of Financial Professionals and Edelman Financial Services, recently discussed his bold prediction for the future price of Bitcoin. In his interview with Yahoo Finance, Edelman highlighted the potential for Bitcoin’s price to soar to $420,000, driven by global asset diversification. This forecast has sparked both excitement and
In the world of cryptocurrency investing, there is a mysterious figure known as the ‘King Shrimp’ who has recently made headlines for their strategic investment moves. This individual, who was previously monitored by Crypto.News, has significantly increased their holdings of the Mollars token presale. By consistently buying into the presale or utilizing dollar cost averaging,
In a recent report by Farside Investors, it was highlighted that on Monday, May 13, Hong Kong’s spot Bitcoin and Ethereum ETFs experienced a significant outflow of $39.3 million. This outflow marks the highest amount since the products were first introduced on the Hong Kong Stock Exchange on May 2. The outflow was mainly from
With cryptocurrency markets on the rebound and important US economic data releases on the horizon, meme coins are taking center stage as potential investment opportunities. Bitcoin may be trading in the upper $62,000s, but meme coins like Dogecoin, Shiba Inu, and Pepe are capturing the attention of traders looking for the next big thing in
Recently, Senators Cynthia Lummis and Ron Wyden raised concerns about the Department of Justice’s attempt to expand the definition of a money-transmitting business. They argued that the DOJ’s broad interpretation could potentially criminalize non-custodial crypto asset software services. This has sparked a debate on the implications of such a move. The Department of Justice’s argument
After gaining fame for his involvement in the GameStop short squeeze of 2021, Roaring Kitty, also known as the legendary leader of the Wall Street Bets campaign for GameStop (GME), has made a comeback. His return has not only reignited the excitement in the market but also caused a surge in GME’s stock price. Market
The past 24 hours in the cryptocurrency market have shown a significant calmness, putting a halt to the ongoing bearish assault and leading to some consolidation. Bitcoin has been hovering around the $61K mark on Sunday morning, while Ethereum has dipped below the crucial $3K level. A recent report by CryptoPotato highlighted a sudden correction