ETF

Bitcoin mining difficulty has adjusted upwards by nearly 2%, reaching over 84.4 trillion, as the network’s average hash rate surged past 600 EH/s. This increase comes amid growing optimism in the crypto market, particularly due to speculation about the potential approval of spot Ethereum ETFs in the United States. Notably, Bitcoin mining difficulty measures how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty that adjusts every 2,016 blocks (roughly every…

Ethereum (ETH) price is soaring ahead of the Securities and Exchange Commission (SEC) decision regarding the Spot ETH ETF (exchange-traded fund). Investors’ and market watchers’ optimism has increased as the ‘King of altcoins’ surpasses the $3,900 mark. Some analysts believe this bullish momentum could soon propel ETH’s price above all established price targets. Ethereum Soars Amid ETF Approval Expectation Ethereum, the second-largest cryptocurrency by market capitalization, has seen a significant uptick this week. As rumors of ETH spot ETFs being…

The odds of spot Ether ETF getting approved in the United States have dramatically increased fueled by the changing political climate ahead of the general elections. The approval of spot Ether ETFs in the US will open possibilities for other altcoins with similar operations to apply for spot ETFs. The notable hype on spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States has influenced significant frenzy on other altcoins, mostly those with a similar business structure and vibrant community.…

The post Ethereum Faces Sharp Rejection Around $4K as ETF Decision Nears: What’s Next for ETH Price? appeared first on Coinpedia Fintech News Ethereum (ETH) saw significant price volatility recently, due to increased anticipation of spot Ethereum ETFs approval in the U.S. This positive news drove a 28% increase in ETH’s price in a week, achieving highs last seen in mid-March. Although the price briefly dipped to approximately $3,700, key indicators suggest this decline is short-lived, with expectations for Ethereum…

The post ETH ETF Approval Will Launch the Price Of These Coins To the MOON appeared first on Coinpedia Fintech News The possible approval of an ETH-based ETF has sparked excitement in the cryptocurrency sector. As the bull run of 2024 continues to gain momentum, particular coins are poised to benefit immensely from this development. Investors are eager to find out which cryptocurrencies will ride the upward trajectory alongside the second-largest coin by market capitalization. This article dives into the…

The post Altcoins That Can Win Bull Race Started By ETH ETF Approval appeared first on Coinpedia Fintech News With the market heating up, the possible approval of an ETH exchange-traded fund (ETF) has sent positive ripples through the crypto space. As this new development unfolds, several cryptocurrencies are poised to possibly surge ahead. This article will examine three alternative coins that appear to be strong contenders to harness the energy of this market momentum and could potentially outperform their…

The post Crypto Market Update: Solana ETF, Shiba Inu Burn Rate, and Furrever Token $20K Competition Deadline Soon appeared first on Coinpedia Fintech News The cryptocurrency market is abuzz with exciting developments across various tokens. This week, we spotlight the significant events surrounding Solana, Shiba Inu, and Furrever Token. From the anticipated approval of a Solana ETF to Shiba Inu’s impressive burn rate and Furrever Token’s lucrative competition, here’s everything you need to know. Shiba Inu’s Remarkable Burn Rate Surge…

Jim Bianco believes the majority of the first quarter’s spot Bitcoin ETF volume was dominated by retail traders rather than institutional investors.  The use of 12-word keyphrases for web3 wallets has been the leading stumbling block to the mass adoption of on-chain digital assets. Macro investment researcher, Jim Bianco, believes around 85 percent of the United States-based spot Bitcoin exchange-traded funds (ETFs) are currently dominated by retail traders. The veteran market researcher indicated that first quarter 13F filings to the…

Factors contributing to Ethereum’s upward trajectory include a surge in open interest in the futures market. Moreover, there’s a resurgence in demand for ETH, driven by increased purchasing from Permanent Holders in anticipation of ETF approval. The recent developments around the approval of the spot Ethereum ETF have sent a strong undercurrent in the market driving the ETH price higher, per the Crypto News Flash report. Since the beginning of the week, the ETH price is already up by over…