On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that shareholders will have until September 16, 2024, to sell their shares before delisting. Vaneck to Wind Down Ethereum Futures ETF According […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Este artículo también está disponible en español. A key long-term price indicator for Bitcoin, the 200-day simple moving average (SMA) appears to be losing its bullish momentum as the US economy added fewer jobs in August 2024. Bitcoin Must Overcome The 200-Day SMA To Reverse Trend The 200-day SMA is considered one of the more reliable long-term indicators to gauge an asset’s upcoming price action. Bitcoin’s 200-day SMA shows a weakening bullish momentum, giving short-term traders little joy. Related Reading Notably, this is the first time since October 2023 that…
“For the reasons stated in the Court’s forthcoming memorandum opinion, the Court GRANTS Plaintiff’s motion for summary judgment … and DENIES Defendant’s cross motion for summary judgment,” Cobb wrote. “Defendant’s September 22, 2023 order prohibiting Plaintiff from listing its congressional control contracts for trading is hereby VACATED.” Source
Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone. Russia Will Not Prioritize Supplying Energy […] Original
The GME crypto token formed a God candle on Sep. 6 after Roaring Kitty made a surprise return to X ahead of GameStop’s earnings. GME (GME) surged to a high of $0.0052, its highest swing since June 24, and 93% above its intraday low. It has risen by 168% from its lowest level in August, making it one of the best-performing cryptocurrencies in the market. Its market cap jumped to over $32 million. GameStop’s stock also rose by over 3.7%, even as a sea of red spread in the market,…
Este artículo también está disponible en español. Crypto analyst CryptoCon stated in his recent market analysis that the Bitcoin current price action is reminiscent of December 2016. He further explained what he meant and provided insights into what to expect from the flagship crypto going forward. “It Is September 2016 All Over Again For Bitcoin” CryptoCon mentioned in an X (formerly Twitter) post that it is September 2016 again for Bitcoin. In line with this, he remarked that the “Bitcoin trend strength prophecy” has been fulfilled. He explained that just…
Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin. Cryptoquant: Ethereum Underperforms Bitcoin by 44% Ethereum’s transition to a proof-of-stake (PoS) blockchain, known as The Merge, took place […] Original
Cardano dropped 57% when the Federal Reserve cut rates back in 2019. With another rate cut on the horizon, the cryptocurrency faces a similar setup that could bring major downside. Cardano prepares for September decline In May 2019, the Federal Reserve initiated its first rate cut, lowering rates from 2.42% to 2.39%. Rates at that time were much lower than today, and the public debt stood at $22 trillion. Today, debt has increased to nearly $35 trillion, and interest rates now stand at 5.33%, more than double the 2019 levels.…
Este artículo también está disponible en español. Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a critical support level. As it is, the third-most valuable crypto asset is down nearly 40% from 2024 highs of around $210. Technically, sellers are in control, and unless there is a sharp shift in trend favoring buyers, the short-term will continue…
DOGS token rose for the third consecutive day as most cryptocurrencies retreated after the U.S. jobs report reignited recession fears. DOGS (DOGS), which recently launched its airdrop, rose to a high of $0.0011, up by 16.5% from its lowest point this week. Still, it remains 33% below its all-time high. Its rally was notable because Bitcoin (BTC) and most altcoins continued to fall. Bitcoin dropped below $54,000 for the first time in a month, while Solana (SOL) fell below $130. The total market cap of all cryptocurrencies dropped to $1.92…