Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
ETF
The Bitcoin ETF Records A Positive Inflow For The 9th Consecutive Day!
The post The Bitcoin ETF Records A Positive Inflow For The 9th Consecutive Day! appeared first on Coinpedia Fintech News With a net inflow of $53 Million, the Bitcoin ETF has remained positive for the 9th consecutive day. Notably, Blackrock’s “IBIT” has received an inflow of over $100 Million for the 4th straight day, followed by Fidelity’s “FBTC” with an inflow of $2.8 Million. However, Grayscale’s “GBTC” has recorded a massive outflow of $53.9 Million after recording two neutral days.
11 months ago
21Shares Set to Shake Up Crypto Market with Spot Ethereum ETF Launch on July 23
The post 21Shares Set to Shake Up Crypto Market with Spot Ethereum ETF Launch on July 23 appeared first on Coinpedia Fintech News In a highly anticipated move, 21Shares has submitted an amended S-1 form for its Spot Ethereum ETF, revealing crucial details about the Trust’s operations and fees. This announcement, made on Wednesday, July 17, sets the stage for what could be a significant development in the crypto investment world. Sponsor Fee and Market Positioning 21Shares Core Ethereum Trust…
11 months ago
ETF Inflows Signal Explosive Bitcoin Run, Bulls Eye $70K Price Levels
The post ETF Inflows Signal Explosive Bitcoin Run, Bulls Eye $70K Price Levels appeared first on Coinpedia Fintech News Bitcoin is experiencing a bullish trend reversal, evidenced by breaking out above key resistance levels in the short term. According to analyst Josh of Crypto World, this reversal signals potential further upward movement, especially as buying pressure intensifies. The recent developments in the cryptocurrency market have implications for Bitcoin’s future price movements. For example, Bitcoin ETFs saw net inflows exceeding $300…
11 months ago
Dogecoin Derivatives Volume Surges over 90% Amid DOGE ETF Speculation
The post Dogecoin Derivatives Volume Surges over 90% Amid DOGE ETF Speculation appeared first on Coinpedia Fintech News Dogecoin is witnessing an epic surge in trading activity as the volume of derivatives on DOGE has increased by more than 90% in the last 24 hours. The turnover of Dogecoin perpetual futures has reached the $1.69 billion mark, almost doubling from the day before. Furthermore, the volume of DOGE trading on the spot market increased by 64.99% to $1.05 billion. Summing…
11 months ago
Ethereum ETF Launch Date Confirmed: SEC Greenlights Trading for July 23
The post Ethereum ETF Launch Date Confirmed: SEC Greenlights Trading for July 23 appeared first on Coinpedia Fintech News The Securities and Exchange Commission (SEC) has given the green light to issuers of spot Ethereum (ETH) exchange-traded funds (ETFs), allowing these funds to begin trading next Tuesday. This is the moment for ETH to enter the market with a probability of higher adoption. Here’s the insight into today’s mega update. Ethereum ETF Launch Update: Nate's instincts were right, hearing SEC…
11 months ago
Bitcoin Overturns the Bearish Trend Ahead of ETH ETF: $70,000 Target Activated, Here’s When It May Strike!
The post Bitcoin Overturns the Bearish Trend Ahead of ETH ETF: $70,000 Target Activated, Here’s When It May Strike! appeared first on Coinpedia Fintech News Just a few days before, the markets were filled with FUD as the Mt.Gox terror struck the market while the German government continued to sell the seized Bitcoin. Now that all the BTC have been sold, the markets have become optimistic ahead of the spot ETF launch which is scheduled for 23rd July. With this,…
11 months ago
It’s Time for Spot ETH ETF: Here’s What to Expect from Ethereum Price Rally
The post It’s Time for Spot ETH ETF: Here’s What to Expect from Ethereum Price Rally appeared first on Coinpedia Fintech News Ever since Bitcoin soared above $60,000, the markets have become hopeful of incoming bullish action. The optimism surrounding the popular tokens has swelled, due to which the Ethereum price has reclaimed levels above $3,300. These bullish signals have now revived the possibility of marking $3,500 as the technicals flash clear buying signals. The spot ETH ETF is on…
11 months ago
Shiba Inu ETF Ignites Rumors and Triggers 4,000% Burn Rate, But This Other Token Will Burn Faster
The post Shiba Inu ETF Ignites Rumors and Triggers 4,000% Burn Rate, But This Other Token Will Burn Faster appeared first on Coinpedia Fintech News The Shiba Inu (SHIB) community is buzzing with excitement and speculation over whispers of a potential Shiba Inu ETF. This rumour has ignited a surge of interest, with the burn rate for SHIB tokens skyrocketing by an impressive 4,000% in a single day. While the remarkable burn rate for SHIB has undoubtedly captured the attention…
11 months ago
Crypto Weekly Roundup: Ethereum ETF Greenlight, DNS Attacks, & More
It has been an eventful week in crypto, especially with the German government on a selling spree while the spot Ethereum ETF applicants in the US gear up for a probable green signal from the SEC. The week also saw increased threats to the security of DeFi protocols through domain registry attacks. Let’s find out more. Bitcoin The German government is continuing to sell its large Bitcoin position near the market bottom while it is being absorbed by buyers. This…
11 months ago