Bitwise Asset Management’s Chief Investment Officer has made a bold prediction regarding the potential impact of Ethereum Exchange-Traded Products (ETPs) on the price of ether (ETH). According to the CIO, the introduction of ETPs could drive ETH prices to new all-time highs, surpassing the $5,000 mark by the end of the year. This forecast is
Selling
The US spot Bitcoin ETFs experienced a significant daily net inflow of $301 million on July 15th, marking their seventh consecutive day of gains amidst a broader market recovery. This surge in inflows was a positive sign for the ETF sector, as none of the ETFs recorded outflows for the day. According to data compiled
The Sandbox has recently unveiled a new update that allows users to conduct direct LAND transactions through its platform. This feature eliminates the need for third-party marketplaces like OpenSea, making it more convenient than ever to buy and sell digital real estate within the metaverse. As part of the launch of this new update, The
JP Morgan, a prominent American multinational finance company, has recently expressed optimism about the future performance of Bitcoin, despite recent bearish trends in the market. The bank has provided a timeline for the conclusion of ongoing BTC liquidations, forecasting a potential rebound in the market. According to a research report released by JP Morgan, the
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
Jamie Coutts, the chief crypto analyst at Real Vision, has pointed out an indicator that suggests a bullish outlook for Bitcoin. He highlighted that the decline in Bitcoin’s hash rate is slowing down, which typically signals a potential reversal in the current bearish trend. However, Coutts emphasized that a bullish reversal is contingent on the
Bitcoin’s price has been fluctuating between $54,000 and $60,000 over the last seven days, sparking discussions and predictions about its future trajectory. With key factors such as the launch of Ethereum ETFs and Germany’s Bitcoin sales, analysts are divided on whether the cryptocurrency will see a surge or a drop in its value. Some analysts,
Germany’s on-chain Bitcoin wallet balance has officially reached zero, as reported by Arkham Intelligence. This milestone marks the end of a bearish narrative that has been looming over the crypto market for weeks. The latest outflows from the wallet indicate that the sell pressure from the European economic powerhouse is likely coming to an end.
Ethereum’s price has recently experienced a decline after facing rejection at the $4,000 resistance level for the second time. The daily chart reflects a pattern of lower highs and lows since failing to break through the $4,000 level. Additionally, the market has broken below the 200-day moving average, hovering around the $3,100 mark. Currently, the
The recent actions taken by the German state of Saxony have raised eyebrows in the crypto community, as they have been swiftly depleting their Bitcoin reserves. After seizing Bitcoin from Movie2K earlier this year, the German government began auctioning off around $3 billion worth of BTC. On Thursday, a significant amount of 10,567 BTC (about