Author: Maria

With the Spot Ethereum ETFs expected to begin trading on Tuesday, July 23, expectations for the ETH price have shot up drastically. Numerous analysts and market experts have come forward to predict that it would be a great development for the ETH price, pushing it to new all-time highs. However, one analyst has warned investors to exercise caution during this time as the Spot Ethereum ETFs going live may not have the expected effect immediately. Why The Spot Ethereum ETFs May Lead To A Decline While the Spot Ethereum ETFs going live for trading have been well-received by the crypto…

Spot Bitcoin ETFs have achieved yet another milestone, recording a total of 900,000 BTC since its launch. This historic milestone occurs amidst the substantial wave of BTC accumulation in July. Spot Bitcoin ETFs Holdings Surpass 900,000 BTC Spot Bitcoin ETFs have accomplished an unprecedented feat, as the United States BTC ETF holdings have now surpassed a staggering 900,000 BTC valued at more than $60 billion. Nate Geraci, President of the ETF Store revealed in a recent X (formerly Twitter) post that the US Spot Bitcoin ETFs recent 900,000 BTC milestone represents about 4.3% of BTC’S total supply of 21 million BTC…

With Bitcoin ETFs seeing previously unheard-of inflows of $18 billion between July 15 and July 19, 2024, the focus turned clearly on them. Investor excitement peaked around this time, and spot Bitcoin ETFs reached fresh highs. The market saw an eye-watering $424 million inflow on July 16 alone, the largest of the year. Two main participants led this explosion: BlackRock’s iShares Bitcoin Trust (IBIT) with $141 million in inflows and Fidelity’s Wise Origin Bitcoin Fund (FBTC), with $116.2 million in inflows both separately. The fervour was not restricted to only these titans. With inflows of $44.5 million and $41.7 million…

Crypto analyst Crypto Kaleo has explained why he believes Bitcoin will continue outperforming Ethereum in the short term. He made this assertion based on his belief that the Spot Ethereum ETFs will not instantly have the impact that many expect it to have on ETH’s price.  Bitcoin Will Continue To Outperform Ethereum For Now Crypto Kaleo stated in an X (formerly Twitter) post that he doesn’t believe that the hype around the Spot Ethereum ETFs launch next week will lead to Ethereum outperforming Bitcoin. Instead, he predicts ETH will dip against its Bitcoin pair next week. He noted that the…

Ethereum (ETH) may be poised for a significant rally as the price has continued to demonstrate strong resilience above its bullish trendline. ETH’s ability to sustain its position above the trendline after a successful breakthrough suggests that a decisive move toward the $3,659 mark could be on the horizon. Therefore, traders and investors are on a steady lookout as the digital asset sets the stage for possible further gains. This article delves into providing an in-depth analysis of Ethereum’s current momentum and the implications of its approach to this crucial resistance level by analyzing current price action and technical indicators.…

Recently, the German authorities liquidated Bitcoin valued at about $3 billion. From June 19 to July 12, the German government sold 49,858 BTC tokens for approximately €2.6 billion, or $2.9 billion. Regarded as an “emergency” measure, the sales had a connection to a continuing criminal probe. But both politicians and business executives have expressed strong disagreement and disapproval over the extensive liquidation. The government promised that the sales were carried out in a way that supported the market, yet during the sale period, the value of Bitcoin fell by more than 22%, from $65,695 to $53,717. Even with the purported…

Here’s what the data related to the Ethereum futures market suggests regarding whether the sentiment around ETH is looking bearish or bullish. Ethereum Taker Buy Sell Ratio Has Observed A Strong Surge Recently In a new CryptoQuant Quicktake post, an analyst has talked about the outlook of Ethereum based on futures market data. The focus indicator here is the “Taker Buy Sell Ratio,” which keeps track of the ETH taker buy and taker sell volumes on the derivatives platforms. When the value of this metric is greater than 1, it means the taker’s buy or long volume outweighs the taker’s…

Like Bitcoin and top altcoins, including Solana, Ethereum is holding steady. At the time of writing, it is trading above the local support at $3,300 and floating higher, targeting $3,700. Speculators Flowing To ETH As Bulls Set Sight On $3,700 The leg up is fueled by multiple market-related factors, mainly the anticipated launch of spot Ethereum ETFs in the next few days. As seen from the daily chart, news of the United States Securities and Exchange Commission (SEC) fast-tracking the approval of 19b-4 forms sparked a wave of demand from May 20. However, speculators are permeating the scene even as…

As the July 23 deadline for launching the spot Ethereum ETF (exchange-traded fund) market approaches, asset management firms have disclosed their management fees, signaling the imminent approval of applications by the US Securities and Exchange Commission (SEC).  BlackRock’s Fee Cut Strategy According to BlackRock’s amended S-1 registration statement filed on Wednesday, the asset management giant will charge a 0.25% management fee for its spot Ethereum ETF ETHA.  The fee will be accrued daily at an annualized rate of 0.25% of the fund’s net asset value and payable at least every three months in US dollars, in-kind, or a combination of…

As Miner Capitulation in the crypto market slowly comes to an end, a crypto analyst maintains an optimistic future outlook on the price of Bitcoin (BTC), the world’s largest cryptocurrency. The analyst has set a massive $200,000 price tag for BTC, marking a new all-time high for the pioneer cryptocurrency.  Bitcoin Price Set To Hit $200,000 In an X (formerly Twitter) post on July 17, a crypto analyst identified as ‘Cryptonary’ forecasted that Bitcoin’s price is poised to hit $223,000 in the near future. The analyst’s optimistic projection is based on BTC’s historical trends and Miner Capitulation after each halving cycle.…