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: A Bullish Rebound This Week?
The post Bitcoin, Ethereum, And XRP Price Prediction: A Bullish Rebound This Week? appeared first on Coinpedia Fintech News After recording a bloodbath in the cross-border markets, the cryptocurrency industry has displayed a sign of relief by adding more than $230 Billion in its valuation within the past four days, indicating an increase in the inflow within the crypto space. Furthermore, top altcoins have displayed a successful bullish reversal in their respective portfolios by adding significant value since the week…
1 year ago
Is the Ethereum Bull Market Back or is Another Dip Below $3K Imminent? (ETH Price Analysis)
Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery. Technical Analysis By TradingRage The Daily Chart As the daily chart depicts, Ethereum’s price has been making lower highs and lows inside a descending channel since failing to break above the $4,000 resistance level. Yet, the cryptocurrency is climbing back above the $3,000 level and the midline of the…
1 year ago
Beginner’s Guide to Cryptocurrency: Top 3 Coins to Start With – Ethereum, Solana and BlastUP
The post Beginner’s Guide to Cryptocurrency: Top 3 Coins to Start With – Ethereum, Solana and BlastUP appeared first on Coinpedia Fintech News Cryptocurrency is reshaping finance with its unique blend of security and speed. As the bull run of 2024 continues to gather momentum, newcomers might wonder where to place their first investments. Three specific coins are attracting attention for their robust features and potential for growth. This guide zeroes in on these options, providing crucial insights for those…
1 year ago
Users Can Now Buy Shiba Inu (SHIB), Ethereum (ETH), Cardano (ADA), Solana (SOL) with PayPal – Here’s How
Following a recent partnership with MoonPay, PayPal users in the United States can now seamlessly purchase Shiba Inu (SHIB) tokens internally. This integration allows users to fund their crypto purchases using PayPal balance, debit cards, or direct bank transfers, without the need for manual input. After the recent collaboration with prominent crypto payment processor MoonPay, PayPal users within the United States can now internally purchase Shiba Inu (SHIB) tokens. MoonPay disclosed the significant partnership with PayPal on Thursday, May 2,…
1 year ago
MicroStrategy’s Michael Saylor Takes Aim at Ethereum, Dismisses Spot ETF Possibilities
MicroStrategy Chairman Michael Saylor has labeled Ethereum and other top altcoins as investment contracts. The Bitcoin maxist discounts any hope of a spot Ethereum ETF. MicroStrategy Founder and Chairman Michael Saylor recently criticized Ethereum, labeling it a security rather than a commodity. While speaking at the MicroStrategy-organized Bitcoin for Corporation 2024 conference, the renowned Bitcoin (BTC) advocate expressed his disapproval of a proposed spot exchange-traded funds (ETFs) for Ethereum. Saylor Believes Spot Ethereum ETF Approval is Not Soon In the…
1 year ago
Legendary Crypto Analyst Say Ethereum ETF Is Not Going To Be Approve In May, August Deadlines in Doubt?
The post Legendary Crypto Analyst Say Ethereum ETF Is Not Going To Be Approve In May, August Deadlines in Doubt? appeared first on Coinpedia Fintech News Renowned crypto analyst Michaël van de Poppe has weighed in on the likelihood of an Ethereum Exchange-Traded Fund (ETF) approval in May, suggesting that approval is unlikely to be approved in May as the deadline nears for three prominent contenders out of seven who filed for an Ethereum Spot ETF. ETH ETF Isn’t Going…
1 year ago
Ethereum Price Could Rally If It’s Able To Reclaims The 100 SMA
Ethereum price started a recovery wave from the $2,820 zone. ETH is rising and now facing a major hurdle near the 100-hourly simple moving average. Ethereum found support at $2,820 and started a recovery wave. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it…
1 year ago
Is Ethereum Back? Record 267,000 New Users Spark Speculation
The winds of change are swirling around Ethereum, the world’s second-largest cryptocurrency. Despite a recent price dip, the network has witnessed a surge in new user activity, sparking a wave of optimism. However, the outsized influence of large holders, known as whales, continues to cast a long shadow. New Wallets Open For Business Data from blockchain analytics firm Santiment reveals a surge in new Ethereum wallets, with a record-breaking 267,000 created on April 28th and 29th. This influx marks the…
1 year ago
Ethereum “Has Been A Major Disappointment”: Trader Weights In On This Crypto Cycle
This crypto cycle achieved some remarkable feats during Q1 2024, including the highest monthly and quarterly close in Bitcoin (BTC) history. However, BTC suffered a retrace that dragged Ethereum (ETH) and the rest of the crypto market down as the year’s second quarter started. Now that we are one month into Q2, the market faces another correction. The most recent retrace became the deepest of the cycle, with Bitcoin nosediving into the $57,000 support zone and Ethereum falling below $3,000.…
1 year ago