ETH

The post XRP Price: First Stop $5 And Second Stop $11 If BTC And ETH Skyrocket appeared first on Coinpedia Fintech News According to several analysts, Ripple’s XRP has been setting up a similar pattern to what was seen from 2014 to 2017, which led to a massive price increase. Furthermore, regulatory clarity in the cryptocurrency space, particularly the conclusion of the SEC’s investigation into Ethereum, also bodes well for XRP. Over the past 48 hours, there have been significant…

The short-term trends for the cryptocurrency markets look shaky, although the potential for relief remains. Bitcoin (BTC) is struggling to move past the $62,200 and $62,400 levels. Bitcoin had started the week with a drop of 4.48%, facing intense selling pressure as bears pushed it to a low of $58,474 before buyers could push the price back above $60,000. Bitcoin Spikes On Back On Trump-Biden Debate Bitcoin has spiked by over 1%, buoyed by Republican presidential candidate Donald Trump widening…

Two executives close to the discussion around Ether ETFs and a lawyer of one of the issuers have assured that the launch could take place in a week or two.  According to reports, the process of amending the documents has reached an advanced stage with just the “finishing touches” needed to get ready.  The 19b-4 forms tied to the spot Ethereum (ETH) Exchange-Traded Funds (ETFs) were recently approved for American exchanges pending the official approval of S-1 forms for trading.…

The Bitcoin (BTC) price had briefly climbed back above $61,000 before sellers managed to drag the asset down. The cryptocurrency has been down by over 2% in the past 24 hours and is currently trading under $60,950. Bitcoin has been consolidating between a large price band between the $56,000 mark and the $73,500 mark. This indicates strong buying pressure near its support level and strong selling pressure near its resistance level. Bears Trying To Sink Price The past month has…

Bitwise’s Chief Investment Officer (CIO) Matt Hougan recently discussed the inflows the US Spot Ethereum ETFs could attract. Specifically, he stated how much could flow into these funds in their first 18 months of trading.  Spot Ethereum ETFs To Record $15 Billion In First 18 Months Of Trading Hougan mentioned in a note to investors that the Spot Ethereum ETFs could record $15 billion in net inflows in their first 18 months of trading. He elaborated on how he arrived…

The Bitcoin (BTC) price had rebounded above the $62,000 mark. However, traders are unsure if the cryptocurrency’s downturn is over. BTC is currently trading at $61,773. BTC hit a six-week low on Monday, dropping as low as $58,474 before buyers propped the price to $60.330. Analysts Predict Drop To $50,000 Some Bitcoin analysts have predicted the cryptocurrency could drop to $50,000. According to Markus Thielen, founder of 10x Research, Bitcoin appears to be following a double-top pattern and is currently…

Billionaire crypto entrepreneur Andrew Kang has posted on X that in his view, the impact of the launch of a Spot Ethereum ETF would provide “not much” upside, and that it is already “more than priced in”.  Crypto market excitement at imminent ETF launch With VanEck having just made their 8-A filing for their Spot Ethereum ETF, its launch may be imminent. When VanEck last did this filing for their Spot Bitcoin ETF, the launch happened a week afterwards. The…

The post Gary Gensler Addresses Court Ruling and ETH ETFs Delay appeared first on Coinpedia Fintech News Gary Gensler, in his latest interview with Bloomberg, has spilled the beans on the SEC’s take on the Federal court’s rejection of new regulation and controversy related to the delay in ETH ETFs.  Here’s the story in detail! Earlier this month, a federal court struck down a new regulation imposed by the US SEC. The regulation aimed to force hedge funds and private…

Victoria, Seychelles, June 25th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, has shared its monthly update for the transparent tracking of its proof-of-reserves (PoR) highlighting the reserve ratios of Bitcoin (BTC), Ethereum (ETH), USDT and USDC. As compared to May, the amount of users’ BTC, USDT, ETH surged by 9%, 10% and 46% in June. The recent POR report emphasizes Bitget’s security with over 163% of reserve ratio accounting for all assets. The BTC, ETH and…