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 ETFs Hit Multi-Week Highs Amid Crypto Recovery
Bitcoin and Ethereum ETFs (exchange-traded funds) recorded the highest multi-week inflows in the session ending Friday, September 27. This comes amid ongoing chatter about the crypto market’s recovery. With a track record of less-than-desirable returns in September, given it has historically been Bitcoin’s worst-performing month, markets anticipate better fortunes in October as the month nears its end. Crypto ETFs Inflows At Multi-Week Highs Crypto investors bought 7,526 Bitcoin (BTC) and 22,310 Ethereum (ETH) on Friday, resulting in net inflows of…
8 months ago
Ethereum (ETH) To Touch $15,000 If Bitcoin (BTC) Reaches $180,000, Altcoins Set To Follow
Based on several projections, Bitcoin (BTC) could rise to as high as $180,000 at the peak of this bull run. Ethereum (ETH) could also reach $15,000, while altcoins like ETFSwap (ETFS) are predicted to enjoy parabolic rallies, providing investors with significant returns in this market cycle. ETFSwap (ETFS) Can Surge To $5 As Bitcoin (BTC) Reaches $180,000 Analysts predict that ETFSwap (ETFS) will surge to $5 as Bitcoin (BTC) reaches $180,000. As part of their prediction, these analysts have stated…
8 months ago
Ethereum Sees 43% Crash In Active Addresses, What’s Going On?
The market sentiment towards Ethereum (ETH) has turned relatively bearish, largely due to the cryptocurrency’s recent price volatility. This negative sentiment is evident in Ethereum’s new active addresses, having crashed by a whopping 43%, underscoring reduced network activity and investor confidence. New Active Addresses On Ethereum Decline Data from The Block is showing notable fluctuations in Ethereum’s network activity, as the number of new active addresses has seen a sharp unexpected decline over the past three months. On June 27,…
8 months ago
Ethereum: Analyst Sets $2,820 As ETH’s Next Key Level to Watch, Here’s Why
Following the market’s recent pump, the leading cryptocurrencies have seen a remarkable performance. Bitcoin is trading above the $64,000 mark, while Ethereum (ETH) has surged 9% in the last week to consolidate above a key support level. Despite the bullish sentiment, some crypto investors remain cautious about ETH’s performance as the second-largest cryptocurrency faces the next crucial resistance level. Ethereum Consolidates Above $2,600 Ethereum recorded a 13% price jump in the last seven days after the US Federal Reserve (Fed)…
8 months ago
Crypto Price Analysis 9-27 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, RIPPLE: XRP, BITTENSOR: TAO, RENDER: RNDR
Bitcoin (BTC) went above the crucial $65,000 mark for the first time in four weeks and is up almost 3% over the past 24 hours. BTC’s move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump. Nearly all major cryptocurrencies…
8 months ago
Ethereum Price Eyes Bitcoin’s Lead: Can It Climb to a New Weekly High?
Ethereum price is eyeing a fresh increase like Bitcoin. ETH must surpass $2,665 to continue higher and trade to a new high in the near term. Ethereum is aiming for a fresh increase above the $2,665 level. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600…
9 months ago
Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again
Ethereum, the second-largest cryptocurrency by market capitalization, has yet to reclaim the $3,000 price level since early August. Since the beginning of September, Ethereum has mostly traded below $2,600, but this week brought a glimmer of hope for investors as it finally managed to break above the $2,600 threshold. Now that this resistance threshold has been broken, the next outlook is a continued surge up until the $3,000 price level. An analysis on the CryptoQuant platform points to a potential catalyst…
9 months ago
Ethereum Whale Puts Aside $184k To Purchase Two Exciting Cryptocurrency Blockdag and Mpeppe
In a strategic move that highlights the growing synergy between blockchain technology and innovative applications, a prominent Ethereum (ETH) whale has allocated $184,000 to invest in two promising cryptocurrencies: Blockdag (BDAG) and the AI-driven gambling coin, Mpeppe (MPEPE). This article examines the significance of this investment and its potential impact on the market. Ethereum (ETH) Whale Makes Strategic Investments A well-known Ethereum (ETH) whale has recently made headlines by investing a substantial $184,000 into two emerging cryptocurrencies: Blockdag (BDAG) and…
9 months ago
Ethereum Whale Capitalizes On The ETH Ecosystem By Injecting $300k Into New AI Casino ICO Mpeppe (MPEPE)
In a bold move that underscores the growing synergy between cryptocurrency and the online gambling industry, a prominent Ethereum (ETH) whale has injected a substantial $300,000 into the newly launched AI casino Initial Coin Offering (ICO) Mpeppe (MPEPE). This strategic investment not only highlights the potential of Mpeppe (MPEPE) but also reinforces the pivotal role Ethereum (ETH) plays in powering innovative blockchain solutions. Leveraging Ethereum's Robust Ecosystem Ethereum (ETH) has long been the backbone of decentralized applications, and Mpeppe (MPEPE)…
9 months ago