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
Prepare for July 2: Ethereum ETF Approval, Shiba Inu’s Breakout, and Furrever Token’s Referral Rewards
The post Prepare for July 2: Ethereum ETF Approval, Shiba Inu’s Breakout, and Furrever Token’s Referral Rewards appeared first on Coinpedia Fintech News As we near July 2, the cryptocurrency market is abuzz with anticipation. The possible approval of Ethereum ETFs promises a substantial boost, elevating market enthusiasm to unprecedented levels. Concurrently, Shiba Inu is poised for a potential surge, backed by promising metrics hinting at a breakout in its value. Alongside, Furrever Token is gaining traction with its delightful…
12 months ago
3 Days to Go: VanEck’s Spot Bitcoin ETF Set to Debut on the Australian Market
Australia is gearing up for a significant development in the crypto market. The VanEck Bitcoin ETF will start trading on the Australian Securities Exchange (ASX) on June 20. Australia’s primary stock market has listed an exchange-traded fund (ETF) that invests directly in Bitcoin for the first time. Bitcoin Struggles Despite Australian ETF Developments The ASX, which handles the majority of equity trading in Australia, has confirmed that VanEck is currently the only applicant to have received approval. However, discussions are…
12 months ago
Top Altcoins Set For 10x – 20x Profits In Q4 2024 With ETH ETF Launch!
The post Top Altcoins Set For 10x – 20x Profits In Q4 2024 With ETH ETF Launch! appeared first on Coinpedia Fintech News The crypto market has recorded a strong bearish price action over the past week, indicating an increase in the negative sentiment. Furthermore, top crypto tokens have experienced significant corrections in their respective portfolios, highlighting uncertainty in future price action. On the other hand, the mid-cap and low-cap altcoins have experienced massive price action with many tokens recording…
12 months ago
Ethereum Gains as Ethereum ETF Approval Nears, Bitcoin ETFs See Outflows
Contrasting with the lengthy approval process of Bitcoin ETFs, Ethereum ETFs might see faster regulatory clearance. As SEC finalizes Ethereum ETFs, Ethereum shows slight market gains against the broader cryptocurrency market downturn. Recent updates suggest a potential early July approval for Ethereum ETFs, as indicated by Bloomberg’s senior analyst Eric Balchunas. Following a positive review by the Securities and Exchange Commission (SEC), Balchunas pinpointed July 2 as a likely start date for these ETFs. This prediction aligns with SEC Chair…
12 months ago
Ethereum ETF Approval Hype Fades as ETH Price Struggles at $3,500; DTX Exchange and TRON Gear Up For Massive Upside
Despite the initial excitement about the Ethereum ETF approval expected in the coming months, ETH has faced considerable struggles, remaining stagnant at $3,500. Meanwhile, TRON has managed a modest surge, positioning itself for potential growth. At the same time, DTX Exchange is making waves with a banging presale nearing $700K. Ethereum (ETH) Price Performance And Future Forecast Ethereum (ETH), the second-largest cryptocurrency by market cap, has long been ruling the market with its high trading value. Despite the recent approval…
12 months ago
Bloomberg Predicts July 2 Ether ETF; 5thScape Presale Exceeds $6M in June!
Bloomberg ETF analysts have advanced their forecast of Spot Ether ETFs from launching on the 14th to July 2nd in light of reactions from the SEC. Finally, the SEC was quickly approving S-1 forms. Analyst Eric Balchunas said that the SEC comments were minor. This is a much shorter period than what SEC Chair Gary Gensler projected recently could take until September. 5thScape is in the limelight as its presale rallies to $6 million in June while the crypto market…
12 months ago
Bloomberg Analyst Predicts July 2 Launch for Spot Ethereum ETF
The post Bloomberg Analyst Predicts July 2 Launch for Spot Ethereum ETF appeared first on Coinpedia Fintech News Bloomberg analyst Eric Balchunas has revealed a revised launch date for the spot Ethereum ETF: July 2nd. This announcement follows positive feedback from the SEC. The review of S-1 filings by the SEC is proceeding well, with only a few comments needing to be addressed. Balchunas mentioned this new accelerated timeline for the SEC, aiming for ETF approval before the holiday weekend.…
12 months ago
Ethereum HODLers Scoop 298,000 ETH In 24 Ahead Of Spot ETF Trading
Ethereum is under pressure at press time, tumbling roughly 15% from March 2024. As sellers press on, reversing all gains posted from May 20, on-chain data points to a bullish picture. Ethereum HODLers Scoop 298,000 ETH In 24 Hours Taking to X, one analyst notes a spike in ETH demand, especially from permanent holders. Most likely, these permanent holders are institutions with deeper pockets and are willing to hang on. Unlike retailers, these entities can often choose to hold for…
12 months ago
Ethereum ETF Approval on the Horizon: What It Means for Shiba Inu and Furrever Token Investors
The post Ethereum ETF Approval on the Horizon: What It Means for Shiba Inu and Furrever Token Investors appeared first on Coinpedia Fintech News With the impending approval of Ethereum ETFs, the crypto market stands on the cusp of change. This regulatory development could deeply impact Shiba Inu and Furrever Token, opening up new paths for informed investors in these promising digital assets. Discover how to adjust to these changes and refine your investment approach to capitalize on emerging opportunities…
1 year ago