Ethereum faced a 4.4% loss this week as sellers dominated the price action, pushing it to the key support level of $3,500. Although this pullback could be seen as a normal retest following a significant breakout after the ETF confirmation, the failure to breach the $4,000 resistance for the second time this year raises concerns.
The debate over the exact start date of the Spot Ethereum ETFs has been gaining momentum. Analysts Eric Balchunas and James Seyffart from Bloomberg recently provided an update on their projections for when these funds might enter the market. In a tweet, Balchunas mentioned that they are now looking at July 2nd as the potential
Bitcoin has experienced a significant amount of selling pressure over the past week, resulting in a noticeable impact on its price. According to data from CoinGecko, the value of Bitcoin has dropped by almost 5% in the last seven days, reaching its lowest level in nearly a month at around $65,000 on Friday, June 14th.
Bitcoin has seen its fair share of ups and downs in recent times, but according to prominent brokerage firm Bernstein, the future looks bright for the leading cryptocurrency. In a recent report, analysts at Bernstein revised their long-term price forecast for Bitcoin, setting it at an impressive $200,000 by the end of 2025. This new
Bitcoin has experienced some turbulent price movements in the past few days, with the asset dropping to $65,000 for the first time in about a month. The primary cryptocurrency had a positive start to the week, surging to $70,000 on Monday. However, things took a turn on Tuesday amid concerns about the US CPI numbers
Cardano analyst Sebastian has made bold claims about ADA potentially reaching $3 this year. One of the reasons he cited for this optimistic outlook is Cardano’s partnership with Argentina. The collaboration with Entre Ríos, a central province in Argentina, aims to promote blockchain adoption in the country. This partnership not only benefits ADA by expanding
Asset tokenization, including the tokenization of securities, has been gaining attention for the potential benefits it offers. SEC commissioner Mark Uyeda highlighted the advantages, pointing out that representing asset rights with a digital token on a blockchain can enhance security, transparency, and immutability. He also mentioned that tokenization eliminates the need for intermediaries, making transactions
Recent data points to a concerning downward trend in the price of Ethereum, with a significant 15% drop from March 2024. Despite this, on-chain data suggests a more bullish outlook for the cryptocurrency. Analysts have observed a spike in ETH demand, particularly from permanent holders, who are often institutional investors with substantial resources at their
Recently, the New York Attorney General’s office made headlines by announcing the completion of its settlement with Gemini and the subsequent recovery of $50 million for users who were affected by the defunct Gemini Earn program. This news sent shockwaves throughout the cryptocurrency community, as it shed light on the deceptive practices that had been
In a recent analysis by crypto analyst TechDev, insights into the future trajectory of Bitcoin have been provided. The analyst suggests that Bitcoin has not yet reached its full potential in the current market cycle and that more price surges are expected for the cryptocurrency. According to TechDev, blowoff tops in Bitcoin only occur after