Tag: ETH

DOGE surges, Popcat struggles as trending ETH hybrid coin hits $1m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin nears $100k, Dogecoin rallies 195%, and Cutoshi emerges as a memeFi star, raising $1m in its presale. Crypto markets are breaking records. With Bitcoin hovering around $100k, altcoins are following. Doge has outperformed most major tokens, while Popcat is struggling. At the same time, a new ETH-based memeFi hybrid token Cutoshi is taking the markets by storm.  Doge is poised for major gains After years of slow performance,…

Ethereum’s ETH Outperforms as Bitcoin (BTC) Price Recoils Off $100K Sell Wall

After a prolonged downtrend relative to bitcoin (BTC), Ethereum’s ether (ETH) is showing signs of a resurgence. ETH, the second-largest cryptocurrency on the market, gained over 4% in the past 24 hours, while BTC lost 1.5% during the same time, dipping below $95,000 during the Monday session. ETH even outperformed the broad-market CryptoX 20 Index, which was up 0.5%. The outperformance happened as investors started to rotate capital to smaller, riskier cryptocurrencies over the weekend following the stall of bitcoin’s near-vertical surge since Donald Trump’s election victory. The ETH/BTC ratio,…

Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance

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Ethereum has been trading at its highest levels since late July, hovering around $3,470. This marks a significant rebound for the second-largest cryptocurrency, which has managed to hold above the crucial 200-day moving average (MA) at $2,965. By maintaining this level, Ethereum confirmed a bullish price structure, paving the way for continued momentum as it approaches its next milestone—yearly highs near $4,000. Top analyst and investor Carl Runefelt recently shared his technical analysis on X, pointing out that Ethereum’s price action has built a solid foundation for further growth. According…

BTC and ETH Open Interests hit new all-time-high as Bitcoin nears $100k

Open interest for Bitcoin and Ethereum in futures markets each hit a new all-time-high in the past 24 hours of trading, following Bitcoin’s flirtation with $100,000. BTC OI reaching an ATH in the past 24 hours, November 22, 2024 | Source: coinalyze ETH OI reaching an ATH in the past 24 hours, November 22, 2024 | Source: coinalyze On Nov. 22, Bitcoin(BTC) OI has reached a peak of $57 billion in the past 24 hours. Meanwhile, Ethereum(ETH) OI went up 12% to an all-time high of $20.8 billion within the…

Deribit Moves $783M in Ethereum To Cold Storage: A Bullish Signal for ETH?

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While Ethereum seems to have begun its own major rally, the asset has recently experienced significant activity on the Deribit Options Exchange which begs the question of what it means for ETH’s price. A CryptoQuant analyst known as Amr Taha detailed these developments in a post on the CryptoQuant QuickTake platform. The analysis focused on substantial outflows from the exchange to cold wallets, highlighting potential implications for market sentiment and liquidity. ETH Netflows On Deribit And The Implications According to Taha, the Deribit Options Exchange recorded a notable transaction involving…

Is Ethereum dying? Bitcoin eyes $100,000 while ETH struggles under $3,500

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Ethereum (ETH) lost its three-year support against Bitcoin (BTC) as the most prominent cryptocurrency rallied towards its $100,000 target on Friday, November 22. ETH has faced sticky resistance at $3,500 for nearly four months while competitors hit record highs this cycle.  Ethereum loses favour with institutional investors, ETF performance lacklustre Ethereum slipped to a low of 0.03187 against Bitcoin on Friday, November 22. As Bitcoin made its way towards the $100,000 target, Ethereum price dropped under the support level that was maintained for nearly three years since 2021.  Ethereum’s decline…

ETH scams linked to Japanese crypto exchanges drop 69% in H1 2024

Illicit crypto inflows from Japanese exchanges have dropped in 2024, with ETH scams recording a 69% decline, data shows. Crypto fraud and scam activity linked to Japanese crypto exchanges dropped significantly in the first half of 2024, according to data from blockchain analytics firm Chainalysis. Reported inflows to clusters identified as scams saw a 69% decline in Ethereum (ETH) and a nearly 50% drop in Bitcoin (BTC) compared to 2023 figures. In 2023, Japanese exchanges facilitated inflows of $44.6 million in ETH and $11 million in BTC tied to scams.…

Ethereum’s Ether (ETH), Uniswap (UNI), Chainlink Surge as Bitcoin (BTC) Price Nears $100K

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Bitcoin topped $98,000 heading into the U.S. morning, extending its breakout from an eight-month consolidation since crypto-friendly Donald Trump won the U.S. presidency. The largest crypto has advanced 4.5% over the past 24 hours, leaving the broad-market CoinDesk 20 Index behind. Some altcoins are quickly catching up to BTC’s gain, with ether (ETH), Chainlink (LINK) and Uniswap (UNI) surging 5% in the past hour. The $100,000-per-BTC mark is just a stone’s throw away and BTC futures on Deribit maturing next year are already trading above the threshold. Still, the round-number…

Ethereum’s Ether (ETH) Token Has Fallen Out of Investor Favor And How

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Bitcoin ETFs resume with $254.82m, ETH funds lag

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Spot Bitcoin and Ethereum exchange-traded funds in the United States have started the week moving in different directions as the broader cryptocurrency market faces consolidation. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $254.82 million in net inflows on Nov. 18, breaking out of a two-day streak of outflows that saw $770.77 million leave the funds. BlackRock’s IBIT led the group with $89.33 million in inflows, following a quiet day with no activity. Notably, the investment manager’s IBIT fund, which holds $43.12 billion in net assets, has…