[ad_1] ETH tops $3k for thfirst time since April 2022 ahead of Dencun upgrade. BNB surges as recovery continues. UNI DEX gains with new governance plan. ETH Ethereum blew through the $3,000 level to trade at $3,134 after a gain of over 6% this week. ETH Price Index The world’s second-largest cryptocurrency topped the $3k level for the first time since Apil 2022, reaching a market cap of $377 billion. Ethereum was boosted by whale activity with large investors soaking up $500 million of supply in only 24 hours. Santiment’s Supply Held by Top Addresses data shows the number…
Author: Kevin George
[ad_1] Bitcoin gained 9%, building on recent ETF strength, as stocks surged. SOL gains may be running out of steam. IMX continues to gain. BTC Bitcoin climbed to its highest price since December 2021, due to a surge in adoption for exchange-traded funds for the token. The world’s largest cryptocurrency rose this week by 9% over the last week, trading at new highs above $52,000 for the year. Bitcoin is also about to post a seventh straight daily gain that would mark the longest streak since January 2023, according to data from Bloomberg show. Nine new spot Bitcoin funds have…
[ad_1] ETH Ethereum lost over 5% this week as the Securities and Exchange Commission (SEC) delayed an exchange-traded fund (ETF) offering from Fidelity. After approving eleven bitcoin ETFs in January, the SEC decided to delay a decision on Fidelity’s Ethereum ETF application until at least March. According to a filing, the regulator wants more time to deliberate on the decision. “The SEC finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC said.…
[ad_1] Bitcoin rebounded from a Genesis anniversary flash crash. Ethereum struggled from withdrawals. AKT and TIA led the market. BTC Bitcoin rose more than 6% on the week but that came after the coin crashed by $4,000 on the anniversary of the first-ever Bitcoin block. The so-called Genesis Block occurred on 3 January 2009 and this time around traders were spooked by rumors that the Securities and Exchange Commission could strike down BlackRock’s ETF application. Bitcoin soared more than 100% in 2023 and will have to maintain some momentum or risk losing a chunk of those gains. One prominent crypto…
[ad_1] SOL dips but Bonk meme craze continues. BTC lower by 3% and risks correction. DOGE dumped for Bonk. Woo Network expands liquidity providers. SOL Solana was down 1% this week, which was less than the 3% fall in Bitcoin as the recent market surge cooled off. However, the price gains in Solana have reignited the appetite for its Bonk meme coin. Bonk surged 65% again this week, moving the project to number 55 in the list of coins by market cap. The move higher in the coin has also sparked demand for Solana’s Saga phone, which developers previously admitted…
[ad_1] Bitcoin rose10% over the last week. BitTorrent coin jumped 184% with Tron link. AVAX boosted by a new meme coin and Cardano gets interesting. BTC Bitcoin soared again this week with a break through the $40,000 barrier to trade around $42,500 on Monday. With the recent rally, Bitcoin now tests the 50% Fibonacci retracement from the all-time highs. Meanwhile, Bitcoin analyst Willy Woo on X noted a recent gap in the futures price. Gaps occur when BTC futures open on Sunday as they do not trade over the weekend, with the analysts saying, By my count 28 out…
[ad_1] Bitcoin higher as market ‘turns corner’ from Binance issues. CZ is the latest exchange founder to fall. SEI and Blur enter the top 100 coins. BNB Binance Coin (BNB) lost 8% last week after news of a settlement with the U.S. Department of Justice. The deal will see the exchange pay a fine of $4.3 billion while its founder and CEO Changpeng Zhao will step down and face a jail sentence. Also known as CZ, Zhao is the latest exchange founder to fall, just a few weeks after Sam Bankman-Fried was convicted for the fall of the FTX exchange.…
[ad_1] Ethereum rallies on a BlackRock ETF filing. DOGE sees a $1.7bn surge in whale interest. ORDI is back in demand. FTT continues a speculative run. ETH Ethereum started to chase Bitcoin last week with gains of 10% on the news that BlackRock had filed for an Ethereum-based trust. The world’s largest asset manager started a surge in crypto interest when it filed a Bitcoin spot ETF application in recent weeks. Investors have been piling into BTC with hopes for investor interest in the ETF and the Bitcoin halving due next year. BlackRock registered the iShares Ethereum Trust as a…
[ad_1] BTC Bitcoin found another rally this week above the $30,000 level as trades moved to safe-haven assets such as gold over fears that a larger war could erupt around the world. Prices for BTC are up 14% for the month, with gold 6.7% higher after the outbreak of tensions between Israel and Hamas, alongside further speculation that the Fed is done tightening rates. However, analyst Benjamin Cowen was more skeptical on the recent rise, predicting a potential dump in altcoins. In an interview, Cowen said the current rise of Bitcoin is not due to new capital entering the market.…
[ad_1] BTC Bitcoin traded flat last week with a move of around 0.20% lower to trade below $28,000, but dipped 500 points further on Monday. Risk assets have been struggling in the last two weeks after strong U.S. economic data led to surging U.S. treasury yields to levels not seen since 2007. However, the weekend also brought new violence to the Middle East with Israel declaring war on Hamas. Markets will now wait for traders’ reaction to the latest tensions in the Middle East with the U.S. sending navy support to the region and Iran being implicated in the attacks.…