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…
Ethereum
Bitcoin, Ethereum, And XRP Price Prediction: Altcoins To Kickstart Bull Rally?
The post Bitcoin, Ethereum, And XRP Price Prediction: Altcoins To Kickstart Bull Rally? appeared first on Coinpedia Fintech News The crypto market recorded significant volatility during this week amid the pending approval of the ETH ETF by the SEC. Furthermore, top tokens experienced massive price movements this week, indicating an increase in the price action within the crypto space. Furthermore, the market leader, Bitcoin price, has successfully held its price above the $68K mark, highlighting a rising bullish sentiment in…
1 year ago
Ethereum Steals Spotlight from Bitcoin as Crypto Market Swings Wild in May
The post Ethereum Steals Spotlight from Bitcoin as Crypto Market Swings Wild in May appeared first on Coinpedia Fintech News May has been a wild ride for crypto enthusiasts, with plenty of ups and downs. It all began with some nerves as crypto prices took a nosedive after the Bitcoin halving on April 19th. But just when things seemed uncertain, a big announcement shook up the scene: the SEC gave the green light to the first Ethereum Spot ETF, sparking…
1 year ago
Why This Crypto Expert Believes These Three Altcoins Will Skyrocket as Ethereum ETF Trade Starts
Cryptocurrency analysts are closely watching the market as a significant trend emerges. Key altcoins are showing potential for substantial growth, catching the attention from savvy investors. With the bull run of 2024 underway, the launch of an Ethereum-based exchange-traded fund (ETF) has added to the enthusiasm. This article delves into the expert analysis on why three specific altcoins might experience a surge, providing valuable insights for those looking to navigate the current market dynamics. BlastUP Presale: A Beacon of Predictability…
1 year ago
Why Ethereum ETFs Could Spark the Next Major Altcoin Season?
The post Why Ethereum ETFs Could Spark the Next Major Altcoin Season? appeared first on Coinpedia Fintech News News of the U.S. SEC’s approval of Ethereum ETFs set off ripples in the crypto community. At the same time, some famous crypto traders and analysts, including Ash Crypto, Sajad, and Virtual Bacon, shared their opinions regarding the implications of such a move for the wider altcoin market. Why ETH Spot ETF Approval Is Bigger Than Bitcoin ETF? Ash Crypto highlighted several…
1 year ago
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EthereumSpot ETFs and Beyond: Why Ethereum is the Next Big Thing for Institutions
The post Spot ETFs and Beyond: Why Ethereum is the Next Big Thing for Institutions appeared first on Coinpedia Fintech News The recent approval of spot ETFs for Ethereum by the U.S. SEC has catalyzed a change in sentiment, setting up ETH as a potential candidate for institutional adoption. What will follow will be the doors opening to significant institutional investment in cryptocurrency, marking a vital milestone. Lindy Effect and Network Effects Ethereum is an almost decade-old platform that fits…
1 year ago
Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval – Key Levels To Watch
Lido (LDO), the liquid staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, has seen a significant price spike in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the US Securities and Exchange Commission (SEC) on Thursday. The protocol’s native token, LDO, has successfully regained the $2.30 level and is looking to break out of its one-month downtrend structure that has been in place since the market correction in April. LSD Sector Set…
1 year ago
Solana (SOL) Poised to Reach $1,000 Amid Ethereum ETF Optimism: Analyst
Analysts predict Solana could reach $200 soon, with some speculating a rise to $1,000. Regulatory challenges include the SEC’s classification of Solana as a security and the absence of a futures market. Recent developments surrounding Ethereum exchange-traded funds (ETFs) have had a positive ripple effect on the cryptocurrency market, with Solana (SOL) emerging as a notable beneficiary. With Ethereum’s ETF approval by the SEC, Solana’s price action demonstrates resilience and potential for significant growth. Crypto enthusiast Borovik forecasts that Solana…
1 year ago
Excitement Peaks as Solana ETFs Loom and Ethereum Approval Nears – How Will Furrever Token React?
The post Excitement Peaks as Solana ETFs Loom and Ethereum Approval Nears – How Will Furrever Token React? appeared first on Coinpedia Fintech News In the midst of Ethereum and Solana ETF anticipation, Furrever Token aims to charm crypto enthusiasts with its cute cat-themed visuals and engaging challenges. While major cryptos prepare for mainstream attention, Furrever Token banks on its unique community appeal carve its niche in the evolving landscape. With a loyal following and creative spirit, it stands poised…
1 year ago
Did MicroStrategy Mess Up By Choosing Bitcoin Over Ethereum? Analyst Weighs In
Earlier today, the United States Securities and Exchange Commission (SEC) approved 19b-4 fillings for eight spot Ethereum exchange-traded funds (ETFs), paving the way for the highly anticipated institutional adoption of the second most valuable coin. The decision comes after months of uncertainty and less than six months after the regulator approved spot Bitcoin ETFs. For all that the crypto community can remember this week, the regulator uncharacteristically “scrambled” and hastily communicated to spot ETF issuers to make amends to their…
1 year ago