Day: April 22, 2024

3 Major Metrics To Watch Out For That Can Impact Ethereum Prices

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The crypto market has been plagued with increased volatility lately, with the second largest crypto token by market cap, Ethereum (ETH), not exempt. This has made it harder to determine Ethereum’s future trajectory. However, certain metrics indicate what direction ETH’s price could head in when this volatility subsides.  Ethereum Investors Are Bullish Data from Coinglass shows that most Ethereum investors and traders are still bullish on the crypto token despite recent fluctuating prices. Specifically, most of these traders have continued to open long positions on Ethereum, meaning they are betting…

Crypto investors remain skeptical, weekly outflows hit $206m

Crypto investors withdrew hundreds of millions from digital asset products for the second week due to concerns over interest rates and geopolitical turmoil.  According to CoinShares, digital asset investment products shed $206 million in net outflows last week. Withdrawals were recorded predominantly across U.S. ETFs and financial vehicles that Bitcoin (BTC) underpinned. Global ETP trading volumes declined to $18 billion from $21 billion last week, although total BTC trading activity continued on the uptick. A month ago, ETFs constituted about 55% of all Bitcoin trading, but this number dwindled to…

NYSE Asks Market Participants About 24/7 Trading for Stocks

NYSE, whose roots stretch back to the 18th century, famously signals the start and end of daily trading with bell-ringing ceremonies in the morning and afternoon – though, because of electronic trading, buying and selling has for decades actually taken place before the first bell at 9:30 a.m. and after the second one at 4 p.m. New York time. Source

Shiba Inu (SHIB) Fetches $12M Investment in a Token Sale to Build Privacy-Focused Blockchain

The list of investors participating in the round are Comma 3 Ventures, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Polygon Ventures, Stake Capital, Illuminati Digital Capital, Primal Capital, Mechanism Capital and Spirit Dao, who all purchased the new network’s upcoming utility and governance token TREAT. Source

Ethereum Spot ETFs Approval Skepticism Persists, As ETH Recovers

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Ethereum Spot Exchange-Traded Funds (ETFs) approval odds continue to witness notable pessimism as the cryptocurrency space awaits the United States Securities and Exchange Commission’s (SEC) decision on the products scheduled for May. The expectation surrounding the SEC’s decision highlights how important ETF approval is in terms of giving conventional investors more convenient access to Ethereum’s spot market. Presently, data from Polymarket, the world’s largest prediction market, shows that ETH ETF approval odds have fallen to a mere 11%. Pessimism Deepens As Ethereum ETFs Remain Uncertain As the May deadline draws…

Bitcoin (BTC) Miner Hut 8’s (HUT) Post-Merger Prospects Look Good: Benchmark

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

5 ways to invest in Bitcoin without buying it

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Learn how to invest in Bitcoin through methods that don’t require you to buy the cryptocurrency outright, such as ETFs and futures. While directly buying Bitcoin (BTC) might be the best way to take full advantage of its potential, it’s not ideal for everyone. Fortunately, there are many financial products that allow you to learn how to invest in Bitcoin without the hassle of securely buying and storing it yourself. How to start investing in Bitcoin Before you make any Bitcoin investment decisions, you should take a few basic steps.…

Crypto Exchange Coinex Set to Auction ‘Epic Satoshi’ From Halving Block for 1 BTC Minimum

At 8:09 p.m. ET on April 19, 2024, the mining pool Viabtc successfully excavated block 840,000. This block notably encompassed 37.625 bitcoins from transaction fees, alongside a 3.125 bitcoin reward. This significant block also included a rare bitcoin element known as the “epic sat,” which some estimations value highly. On Monday, Viabtc Group’s exchange Coinex […] Source CryptoX Portal