ETH

On-chain data shows whale activity on the Ethereum blockchain has been quite high recently due to the excitement around the spot exchange-traded funds (ETFs). Ethereum Whales Showing Significantly Higher Activity Than Bitcoin Ones According to data from the on-chain analytics firm Santiment, Ethereum whales have been displaying considerable activity recently. The indicator of relevance here is the “Whale Transaction Count,” which keeps track of the total amount of transfers happening on any given network carrying a value of at least…

XRP price extended gains above the $0.6220 zone. The price tested the $0.6330 zone before there was a pullback amid declines in BTC and ETH. XRP price started a downside correction from the $0.6330 zone. The price is now trading near $0.600 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it…

The post Elon Musk’s Laser Eyes On X Leads to BTC Conference Participation Rumors, What This Means for ETH Tokens appeared first on Coinpedia Fintech News Yet again, tech entrepreneur and X influencer Elon Musk has caused a stir in the crypto community when he altered his X (formerly Twitter) profile picture to a photograph with a laser-eyed look, indicating a bear run. This move, coupled with Musk’s recent move to Tennessee, has led to speculations that the billionaire may…

Ethereum prices are stable at spot rates, moving horizontally even after the United States Securities and Exchange Commission (SEC) approved the list and trading of spot Ethereum ETFs on July 23. Ethereum is trending below the crucial resistances at $3,500 and $3,700 at press time. However, buyers have kept prices above $3,300 as price action moves horizontally. Though there are expectations of volatility, reading from options data, now that spot Ethereum ETFs are available for trading, one analyst picked out…

The post Ethereum Price Stays Quiet Amid $107 Million Net Inflow And Rising Bitcoin Volatility: What’s Next For ETH Price? appeared first on Coinpedia Fintech News Despite the launch of the much-anticipated Ethereum (ETH) spot Exchange-Traded Fund (ETF), the price of Ethereum has remained relatively stable, showing little reaction to what many expected would be a significant market catalyst. Analysts predict that Ethereum will mirror Bitcoin’s pricing trends following its ETF launch, noting that Bitcoin’s price did not surge immediately…

The long-awaited Ethereum ETFs have finally hit the market, marking a significant milestone for Ethereum and other altcoins. Industry experts and enthusiasts are looking at how the effects could play out on Ethereum’s price action in the coming months.  Renowned crypto analyst Doctor Profit has made a bold prediction. According to him, Ethereum’s value is set to break through the $10,000 barrier, with the potential to reach a peak of $14,000. The catalyst for this anticipated surge is none other…

Bitcoin (BTC) fell below the crucial $66,000 mark on Tuesday as markets prepared for a short-term correction. However, the long-term prediction for BTC and other altcoins remains bullish. Signs are pointing to investors buying the dip, but analysts believe the markets are in for a volatile week.  In another significant development, spot Ethereum ETFs posted net inflows of $107 million on their first day. The newly launched ETFs posted positive inflows despite Grayscale’s Ethereum Trust posting outflows worth $485 million. …

The post XRP Beats BTC, SOL, and ETH On Volume Change Across Major Exchanges appeared first on Coinpedia Fintech News XRP outperforms market leaders Bitcoin, Solana, and Ethereum on volume change across major exchanges such as Binance, Coinbase, and Kraken. Over a 24-hour period, XRP recorded a remarkable 410% spike in trade volume on Upbit marking its highest trade volume spike in any centralized exchange. Recently, XRP outpaced Bitcoin in trade volume across the entire Korean market. At the time,…

The post Grayscale Leads as ETH ETFs Record $361 Million: Analyst Expect 20% of Bitcoin ETFs’ Day-One Volume appeared first on Coinpedia Fintech News Less than three months ago, it seemed improbable, but today it turns into reality. The first-ever spot Ethereum exchange-traded funds (ETFs) commenced trading in the U.S. on Tuesday morning at 9:30 a.m. EST. The group of newly launched Ethereum-based ETFs has posted impressive figures, with a total trading volume of $361 million within the first 90…