Global ETP investors shift $126 million away from major cryptocurrencies, favor altcoins like Polkadot
[ad_1] Digital asset investment products experienced a notable setback, with outflows reaching $126 million last week, according to CoinShares’ latest weekly report. Bitcoin’s outflow accounted for a significant portion, representing 87% of the total net flow for the week. CoinShares Head of Research James Butterfill attributed this trend to investors’ cautious stance following the end […]
Hong Kong approves Bitcoin and Ethereum ETFs as US lingers on ETH approval
[ad_1] Hong Kong further solidified its status as a crypto hub, with several issuers reporting approval of their spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) applications on April 15. However, Hong Kong’s foremost financial regulator, the Securities and Futures Commission (SFC), has yet to release an official statement on this development. SFC has not responded […]
Ethereum Dive To 3-Year Low Against Bitcoin, Is This A Bear Trap? Trading Guru Weighs In
[ad_1] Trading Guru Peter Brandt has recently commented on the Ethereum vs. Bitcoin chart, offering intriguing insights into market developments. Brandt’s remark comes after his prior critiques of Ethereum, denigrating it as a “junk coin” and its proponents as “Etheridiots.” However, amidst Ethereum’s recent descent to its lowest position against Bitcoin in nearly three years, Brandt’s […]
Ethereum Drops Below The 100-Day Moving Average
[ad_1] The crypto market is experiencing a pullback after Bitcoin, the leading cryptocurrency, reached a new all-time high. However, Ethereum (ETH) is not left out in this downward move. After setting a new yearly high of $4,094, the price of Ethereum has been moving downward and this has led to the price trading below the […]
US senators push SEC to reject other crypto ETF proposals, casting doubt on Ethereum ETF approval chances
[ad_1] The chances of approval for the pending spot Ethereum exchange-traded fund (ETF) applications this May are strained as two US Senators urged the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. In the March 11 letter to SEC Chair Gary Gensler, Senators Jack Reed and Laphonza Butler advised the financial regulator […]
Ethereum (ETH) Hits $3,900 For The First Time In Two Years
[ad_1] After Bitcoin (BTC) recorded a new all-time high (ATH), Ethereum (ETH) rallied above $3,800 before the price crashed over 10%. The second-largest cryptocurrency has recovered from the dip and reached $3,900 momentarily for the first time in over two years. Ethereum Recovers And Rallies to $3,900 On Thursday, Bitcoin reached a crucial milestone after […]
If Bitcoin Clears $70,000, How Fast Will Ethereum Ease Past $5,000?
[ad_1] As Bitcoin surges towards its all-time high (ATH) of nearly $70,000, analysts are closely watching Ethereum, the world’s second-largest cryptocurrency, wondering how quickly it will follow suit and break its record ATHs of approximately $5,000 printed in late 2021. How Will Ethereum React When Bitcoin Breaks Above $70,000? One analyst, posting on platform X, highlights the […]
Price speculators sees highest single-day loss of $774 million YTD amid Bitcoin upward trajectory
[ad_1] Speculators on crypto derivatives suffered significant losses in the past day, totaling around $774 million, marking the highest single-day loss of the year due to volatile market swings. Bitcoin, the bellwether digital asset, surged to its highest level since November 2021, surpassing the $63,000 mark in a remarkable rally. However, the euphoria was short-lived […]
Ethereum Outperforms Bitcoin As Institutional Investors Clamor For ETH Exposure
[ad_1] Reports have revealed that institutional investors are shifting their focus to Ethereum, displaying a preference compared to the largest cryptocurrency, Bitcoin. Despite Bitcoin’s recent rally to over $55,000, Ethereum’s unique features and potential developmental capabilities continue to capture institutional players’ interest. Institutions Favor Ethereum Over Bitcoin On February 24, cryptocurrency exchange, Bybit, published a […]
Ethereum Leaves Bitcoin Behind, But Is This Rally Sustainable?
[ad_1] Ethereum has left Bitcoin in the dust with its latest rally towards $3,100. Here’s whether this run is sustainable based on futures market data. Ethereum Has Separated From Bitcoin With Over 7% Jump In Past Week While Bitcoin has been in consolidation lately, Ethereum appears to have been putting together bullish momentum entirely of […]