Author: Maria
The much-anticipated Ethereum Spot Exchange-Traded Funds (ETFs) are set to reach a pivotal junction this week as Nate Geraci, President of the ETF Store, has revealed that the United States Securities and Exchange Commission (SEC) is expected to issue a final decision regarding the exchange-traded funds within the week. Ethereum Spot ETFs Decision Looms Since the SEC’s ruling may have a significant impact on the direction of Ethereum investment, Nate Geraci‘s revelation has increased expectations in the cryptocurrency and investment landscape. Geraci emphasized the 19b-4s (changes to exchange rules) and S-1s (registration statements) as the two main components of the…
Heading into the year 2024, Bitcoin spot ETFs (exchange-traded funds) and the halving event were arguably the biggest narratives in the crypto space. The Securities and Exchange Commission (SEC) approved the first BTC spot products in the US early on, driving the coin’s price to a new all-time high. The halving event, on the other hand, has not exactly led to the highly-anticipated positive run for the Bitcoin price, which has rather struggled over the past few weeks. The premier cryptocurrency has witnessed a steady increase in its value over the past few days, slightly nullifying the period of stagnation…
As Litecoin approaches its third halving, analysis shows this to be it’s most pivotal to date.Litecoin halvingA recent tweet thread from Alex of crypto proprietary trading firm Scimitar Capital posed the question of “whether Litecoin even needs to exist anymore.” At the crux of the thread was a price chart that superimposed previous halvings based on days before and after the event against the percentage price increase on the y-axis.Alex noted that, of the earlier halvings, the period -100 days before saw the start of the expected price uptrend — with -50 days seeing a price peak.Source: @thiccythot_ on Twitter.comAt…
Quick take: Bitcoin (BTC) has once again reclaimed $9,000 with 5 days until halving. Pantera Capital’s CEO, Dan Morehead, sees a scenario where BTC hits $115,212 by August 2021. His analysis is based on the change in the stock-to-flow ratio across each halving. The hype and excitement surrounding the Bitcoin halving event is once again evident in the current price of BTC. At the time of writing this, Bitcoin has just broken both the $9,000 and $9,100 resistance levels and is trading at $9,261 with 5 days until halving. A brief analysis of the BTC/USDT 6-hour chart reveals that there…
The cryptocurrency market saw net outflows of $17.6 billion over the last 24 hours and currently stands at $1.13 trillion — down 1.5% from $1.14 trillion.During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 1.4% and 1% to $523.55 billion and $218.09 billion, respectively.Most of the top 10 crypto assets posted losses over the last 24 hours except TRON, up 0.3%, and Litecoin, gaining 2.1% to re-enter the top 10, ousting Polkadot. The biggest losers were Solana and Polygon, down 2.4% and 1.9%, respectively.Source: CryptoSlate.comThe market cap of Tether (USDT) grew to $82.84 billion. In contrast,…
Quick take: Officials in the EU and US have expressed concerns that Russia might use cryptocurrencies to evade sanctionsThe EU is taking all measures to guarantee that digital assets will not be an alternative for Russia amidst sanctionsUS Senators have asked Treasury officials, how they are overseeing digital assets in the wake of sanctions against Russia Lawmakers and officials in the European Union and the United States, have expressed growing concern that Russia may use cryptocurrencies to circumvent sanctions meant to pressure President Putin into retreating from Ukraine. The Finance Minister of France said, ‘We are taking measures, in particular…
The cryptocurrency market saw net outflows of $2.6 billion over the last 24 hours and currently stands at $1.12 trillion — down 0.2% from $1.13 trillion.During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 0.6% and 0.4% to $520.51 billion and $217.14 billion, respectively.The top 10 crypto assets posted a mixed performance over the last 24 hours. XRP leads the pack with 5.5% gains after Judge Hinman refused the SEC’s motion to seal the Hinman documents, followed by Litecoin, up 4.1% with the ongoing halving narrative. Solana brings up the rear, posting 1.2% losses.Source: CryptoSlate.comThe market…
While Ethereum struggles to regain the Q1 2024 momentum, currently tethered close to the psychological $3,000 level, one trader remains bullish. Taking to X, the analyst posts several reasons to negate concerns by skeptics even with the coin trading 30% from March 2024 highs when prices broke above $4,000. By this take, doubts about future gains could be unfounded as they paint an overly pessimistic outlook for the second most valuable cryptocurrency. Ethereum Is Under Pressure: Here’s Why Ethereum is in a bearish breakout formation at press time following sharp losses in mid-April. Although there are hints of strength, the rejection from…
The anticipation is palpable within the crypto community as the Litecoin (LTC) halving event looms on the horizon. Scheduled to take place in the coming week, the Litecoin halving has garnered significant attention throughout 2023, with many investors and enthusiasts eagerly preparing for the potential impact it may have on the price of LTC. The Litecoin halving event, a crucial network occurrence, will witness a reduction in mining rewards by half. Currently set at 12.5 LTC, the rewards paid out to Litecoin miners will be slashed to 6.25 LTC, signaling a transition to increased scarcity for the popular cryptocurrency. Unlike…
The world of finance is no stranger to colorful characters, and this week, the gloves came off between two titans with opposing views on Bitcoin: Peter Brandt, a crypto bull, and Peter Schiff, a Bitcoin skeptic. Their battleground? Social media, of course. Schiff Touts Silver’s Shine, Brandt Calls It Something Else Schiff, a long-time gold advocate, recently set his sights on silver. He pointed to the metal’s recent price surge of over 20% compared to BTC’s more modest 2% gain, declaring: “That’s more than 10x the bang for your buck with silver. Bitcoin is dead. Long live silver!” Brandt, ever…