ETH

SEC deadline for Ethereum ETF decisions approaches, with Gary Gensler hinting at imminent announcements. SEC has approved eight Ethereum ETFs, signaling a significant regulatory breakthrough. Following CNF’s report that Ethereum has surpassed Mastercard in market capitalization, the focus is now on the SEC as it approaches a critical deadline. Today, the SEC must decide on at least one of the spot Ethereum ETF applications it is reviewing. After a period of minimal communication, the SEC requested that exchanges re-submit their…

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…

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 Bitcoin Hash Rate And Difficulty On The Rise Over ETH ETF Optimism appeared first on Coinpedia Fintech News Optimism over potential spot ETH ETF approvals and subsequent price rallies increased the hash rate over the last few days. On Thursday, the BTC mining difficulty rose 1.5% to $84.4 trillion as the network’s hash rate rose above 600 EH/s. Bitcoin’s hash price also showed a slight recovery after sliding to an all-time low of less than $50 per PH/s…

Recent developments in the crypto market indicate a strong bullish sentiment among Ethereum traders, particularly in the options market. Amid the growing anticipation for potential approvals of spot Ethereum exchange-traded funds (ETFs), there has been a noticeable shift in option pricing, with Ethereum call options becoming more expensive than put options across all expiries. This pricing pattern suggests the market is optimistic about Ethereum’s price prospects. Notably, A call option gives the holder the right, but not the obligation, to…

The post Betting Big on Ethereum: Can ETH Price Break the $5,000 Barrier by June? appeared first on Coinpedia Fintech News Bitcoin has been on a remarkable run, surpassing its November 2021 peak and setting new highs. This surge has had a ripple effect across the market, driving positive sentiment. Analysts are optimistic about Ethe’s future. Ethereum, the second-largest cryptocurrency, surged from $2,200 in January to $4,000 by mid-March, signaling a rapid start to the year. With such momentum, is…

The post Ethereum (ETH) Price To Hit $5K By June 2024: Here’s Why appeared first on Coinpedia Fintech News Buckle up, crypto enthusiasts! Ethereum (ETH) is on a tear, and analysts are predicting a return to its all-time high (ATH) in the near future. The rejuvenated calls for spot Ether ETF approval in the United States have reawakened altcoin bulls. As a result, short-term Bitcoin investors have accelerated profit-taking to shift their attention to the altcoin market.  According to the…