The Ethereum price has shown signs of weakness as it failed to recover above the $3,650 resistance level. In fact, ETH declined below the $3,550 support zone and is now displaying bearish tendencies below $3,600. The price is currently trading under $3,550 and below the 100-hourly Simple Moving Average. There is a significant bearish trend
investment
The recent surge in the cryptocurrency market has brought about renewed optimism as investment funds experience a historic influx. According to CoinShares, a prominent digital asset manager, the market witnessed a record-breaking $2 billion inflow into crypto funds in just one week. This surge surpassed the entire month of May’s net inflows, marking a significant
The Arbitrum Foundation, known for its Ethereum Layer 2 scaling solution, has recently announced a significant investment in the gaming sector within its ecosystem. This initiative, known as the Gaming Catalyst Program (GCP), aims to foster growth and innovation by promoting the use of Arbitrum, Orbit, and Stylus among game developers and players. Approval and
The recent spike in the price of Ethereum (ETH) has brought the cryptocurrency close to the $4,000 mark, sparking renewed market enthusiasm. This surge can be attributed to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have
Semler Scientific, a med-tech company based in California, has recently made headlines with its strategic move of purchasing additional bitcoins. The company acquired an additional 247 BTC for $17 million, bringing its total bitcoin holdings to 828, which were acquired for $57 million. This bold investment move aligns with Semler’s corporate strategy and signifies a
The recent surge in Bitcoin’s price, surpassing the $70,000 mark, has sparked optimism among long-term holders who have now seen their holdings enter the profit zone. This surge has been particularly evident among US-based investors, as indicated by the positive Coinbase premium. The Coinbase Premium Index (CPI), previously in the negative since May 18, has
Renowned financial expert Robert Kiyosaki has recently taken the crypto world by storm with his bold prediction for Bitcoin’s price. In a tweet, Kiyosaki stated that he firmly believes Bitcoin will hit $350,000 by August 25th. While some may view this prediction as mere speculation, Kiyosaki stands by his forecast, emphasizing that any prediction about
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented streak of inflows, with 17 consecutive days of net additions. The significant influx of $886.6 million on a particular Tuesday marked the second-highest single-day inflow since their inception. The following day saw another substantial inflow of $488.1 million, attributed to major financial players
In recent months, there has been a noticeable uptrend in the accumulation of bitcoin by large holders, also known as “whales.” These whale addresses, holding over 1,000 BTC each, now collectively own more than 40% of the total bitcoin supply. This concentration of ownership signifies a growing confidence and conviction among wealthy investors and institutions
In a recent report by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets in terms of annualized returns. With annualized returns of 141%, 152%, and 224% respectively, these crypto assets have far surpassed traditional assets such as Gold, which only