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
XRP Sees 1.04% Increase with ETH-Spot ETF Hopes and Political Shifts in Focus
XRP makes a steady move as it awaits major catalysts such as spot crypto ETF news and SEC vs crypto case-related news to come into play. Several analysts also believe that a Crypto-friendly Whitehouse could cause a huge shift in the industry as they await the upcoming election with bated breath. The steady growth of the XRP price since May 12 has been marked as one of the most underrated moves in the market following a bullish resurgence triggered by…
1 year ago
Ethereum ETF Approvals Set to Drive Long-Term Growth to $6,000 Says Analyst
U.S. SEC’s approval of Ethereum as a commodity through ETFs sets a strong precedent for the asset’s growth. Anticipation of Ethereum ETFs introduces potential volatility but promises long-term stability and investor interest. Kaiko Research views the U.S. Securities and Exchange Commission’s (SEC) approval of spot Ethereum ETFs as a pivotal step for Ethereum’s future. Will Cai, Head of Indices at Kaiko, notes that treating Ethereum as a commodity rather than a security lays a foundational precedent for the treatment of…
1 year ago
When Will the SEC Approve Spot ETH ETF Registration Statements? ETF Expert Predicts Timeline
The post When Will the SEC Approve Spot ETH ETF Registration Statements? ETF Expert Predicts Timeline appeared first on Coinpedia Fintech News On May 23rd, the U.S. SEC approved eight ETF 19b-4 application forms from BlackRock, Fidelity, Grayscale, ARKInvest, VanEck, Invesco Galaxy, and Franklin Templeton. Since then, speculations have been going wild about when the ETH ETFs will be listed and go live for trading. While Bitcoin ETFs took years to get listed on the NYSE finally, ETF experts believe…
1 year ago
Lark Davis’s Bitcoin and Ethereum Price Prediction: Altcoins Rally with Record ETF Inflows
The post Lark Davis’s Bitcoin and Ethereum Price Prediction: Altcoins Rally with Record ETF Inflows appeared first on Coinpedia Fintech News The altcoin market is on fire! Fueled by a surge in value and a decline in Bitcoin dominance, altcoins are experiencing a red-hot rally. The total market cap of altcoins has skyrocketed 15% in just two weeks, reaching a staggering $1.156 trillion. But what’s driving this insane surge? Let’s find out. Bitcoin ETFs Drive Market Growth In a historic…
1 year ago
Ripple CEO Expresses Support for XRP ETF as Standard Chartered Forecasts 2025 Launch
Ripple CEO Brad Garlinghouse expresses openness to an XRP ETF after Standard Chartered predicts that Solana (SOL) or Ripple’s XRP by 2025. Industry experts suggest that Solana (SOL) could be a logical choice for a third ETF due to its similarities to Ethereum. With the approval of a crucial filing in the race to launch a spot Ether (ETH) exchange-traded fund (ETF), industry leaders are speculating about which cryptocurrency might be next. Standard Chartered (STAN) predicts that Solana (SOL) or…
1 year ago
DeFiance Capital Foresees ETH Soaring To $4,500 Pre-Ethereum ETF Trading
As the US Securities and Exchange Commission (SEC) approved all the spot Ethereum ETF applications, despite increased regulatory uncertainty surrounding the cryptocurrency, investors are becoming more optimistic about the potential for ETH’s price to reach new heights. Bullish Sentiment Surrounds Ethereum ETF Approval DeFiance Capital Founder and CIO Arthur Cheong predicts that ETH could reach an annual high of $4,500 before the newly approved index funds begin trading, surpassing its mid-March high of $4,096. This projection falls just short of…
1 year ago
Ethereum (ETH) ETF Hype Boosts Crypto Market: Binance Coin (BNB), Toncoin (TON) and Rollblock (RBLK) Gain Traction
After Bloomberg ETF analysts revised their Ethereum ETF approval probability, the broader market experienced an upswing, with most altcoins recording additional gains in price value. Alongside this, BNB announced its plans to utilize AI to enhance its ecosystem. Toncoin on the other hand, has been experiencing declining investors' bullishness. Meanwhile, Rollblock (RBLK), an emerging online crypto casino, is scaling to greater presale heights, with an increased buying frenzy. Its revenue-share model and robust ecosystem have positioned Rollblock among the best…
1 year ago
Ethereum Price To Hit This Level Before ETH ETF Trading Goes Live
The post Ethereum Price To Hit This Level Before ETH ETF Trading Goes Live appeared first on Coinpedia Fintech News ETH ETFs may start trading by July or August, but the market is already predicting a bullish trend. Arthur Cheong, CEO of DeFiance Capital, expects Ethereum to reach $4,500 before spot ETF trading begins. He believes U.S. approval of spot Ethereum ETFs will attract many retail investors, similar to the 2017 crypto boom. Currently, over 70% of spot Bitcoin ETF…
1 year ago
Ripple CEO Hints at XRP ETF Amid Ethereum Approval
Ripple CEO Brad Garlinghouse has referenced the approval of the Ethereum ETF to suggest that an XRP ETF is coming. The outcome of the Ripple v. SEC case will be key since the SEC is mandated to approve crypto ETFs making it unlikely they will approve an XRP ETF while the case is unresolved. After the approval of the Ethereum spot ETF earlier this week, speculation on the next crypto ETF to be filed and possibly approved by the SEC…
1 year ago