The launch of Spot Ethereum ETFs in the United States on July 23 did not result in a positive start for Grayscale, the world’s largest crypto asset manager. The newly converted Ethereum Trust (ETHE) experienced a significant loss of $484 million on the first day of trading. This trend is similar to what occurred when
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Cryptocurrency has been a hot topic in the investment world, with Bitcoin being at the forefront of this digital currency revolution. As the value of Bitcoin continues to fluctuate, investors are looking for new ways to profit from its price movements. In a groundbreaking move, Hong Kong will be launching Asia’s first Bitcoin futures inverse
In the past week, the price of Bitcoin has shown signs of recovery, reaching as high as $67,000 after dipping to around $64,000. This uptick in price has led some analysts to believe that the leading cryptocurrency may have hit a bottom. On-chain metrics analyzed by CryptoQuant suggest that there is positive momentum in the
In the midst of a crypto market recovery, Cardano holders find themselves in a precarious position. Data from IntoTheBlock reveals that Cardano is currently the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This disappointing performance has left many long-term believers and investors in despair, as the profitability
The recent surge in Ethereum derivatives volume suggests that investors have little confidence in the Spot Ethereum ETFs, despite the imminent launch of these funds. Data from Laevitas reveals an annualized premium of 11% on Ethereum’s fixed-month contracts, indicating a lack of bullish sentiment towards ETH’s price. This lack of confidence is further highlighted by
Shiba Inu, a popular meme coin, recently experienced a significant increase in its burn rate, with tokens being sent to a null address resulting in a 450% surge. While the USD equivalent may seem insignificant at first glance, the continuous efforts in this area could potentially have a positive impact on the price of SHIB.
Bitcoin has seen a recent recovery in its price after a period of bearish activity. With the current upward momentum, there is potential for the market to reach a new all-time high in the near future. On the daily chart, Bitcoin has found support at the $56K level and reclaimed the 200-day moving average around
The recent news of the Spot Ethereum ETFs set to launch has sparked a surge in Ethereum’s price. Bloomberg analyst Eric Balchunas revealed that these ETFs could begin trading by July 23, leading to positive speculation and anticipation in the market. Expected Inflows and Predictions Crypto research firm K33 predicts that the Spot Ethereum ETFs
Bitcoin, the leading cryptocurrency, has been on a bullish run lately, with its price surging past $63,000. Alongside this price surge, there has been a resurgence in dormant Bitcoin addresses coming back to life. Whale Alert, a blockchain tracking and analytics platform, recently identified the activation of a dormant Bitcoin wallet containing 1,000 BTC, worth
The current state of Bitcoin’s price is hanging in the balance, with conflicting signals about whether it has hit a bottom or is poised for further decline. While some indicators suggest that the leading cryptocurrency has reached the bottom of its recent correction, others point to potential downward movement on the horizon. CryptoQuant’s latest weekly