Republican leadership contender Vivek Ramaswamy got the first crypto question. Source
Binance, SBF, ETH and Gensler Get Mentions at Republican Presidential Debate
Tag: ETH
Price analysis 12/6: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, TON
Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products. Bitcoin (BTC) has been on a tear, rising more than 10% this week. This shows that traders are urgently scrambling to buy Bitcoin as they anticipate the price to rally further. CoinShares data shows that investors have pumped in more than $1.44 billion into Bitcoin investment products in the past ten weeks. The expectation is that the approval of a spot Bitcoin exchange-traded fund (ETF) will attract huge investments. Animoca Brands CEO…
Traders Are Turning to Ether (ETH): First Mover Americas
Key derivatives market metrics show sophisticated traders are turning their attention to ether (ETH) from the recent market standout, bitcoin (BTC), hinting at a potential outperformance of Ethereum’s native token in the coming weeks. Bitcoin has rallied over 60% this quarter, while ether, the supposedly deflationary currency with bond-like appeal and an ESG-compliant label, has lagged big time, gaining just 35%, CoinDesk data show. The performance gap is even wider over larger time frames, with bitcoin boasting a 163% year-to-date gain versus ether’s 89%. Source
SEC Delays Decision on Grayscale Spot Ethereum ETF, ETH Price Remains Stable
The US SEC has delayed its decision on converting Grayscale’s ETHE product to a spot Ethereum ETF by another 45 days with the next hearing on January 25, 2024. The Securities and Exchange Commission (SEC) has announced a postponement in the decision-making process regarding the approval or disapproval of the Grayscale Ethereum Trust’s spot exchange-traded fund (ETF). In a filing on Tuesday, December 5, the SEC revealed an extension of the timeline for a decision on the proposed ETF by an additional 45 days, shifting the deadline to January 25.…
Ether (ETH) Traders Gaining Favor Over Bitcoin after Latter’s Spike to $44K
Bitcoin has rallied over 60% this quarter, while ether, the supposedly deflationary currency with bond-like appeal and ESG-compliant label, has lagged big time, gaining 35%, CoinDesk data show. The performance gap is even wider in larger time frames, with bitcoin boasting a 163% gain versus ether’s 89%. Original
Ethereum Price Prediction- After 10% Surge, Is ETH Rally Just Getting Started?
Ethereum price extended its rally above the $2,250 resistance. ETH is up over 10% and might continue to rise toward the $2,500 resistance. Ethereum is showing positive signs and recently surpassed the $2,300 resistance. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support near $2,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it clears the $2,320 resistance zone. Ethereum Price Extends Rally Ethereum price remained in a…
Ether Whale Moves Nearly $90M ETH to Kraken Exchange
The “whale,” a term for a large holder of any token, deposited 39,260 ether to Kraken in Asian morning hours, blockchain data shows. The address previously received 47,260 ether, worth just over $11 million at the time, from one transaction in 2017. Source
Ethereum Turns Deflationary With Over 106,000 ETH Burned In A Single Month
The Ethereum ecosystem is back on track with its mission to ensure that Ether is deflationary following a significant increase in the burn rate. Several factors are said to have contributed to this milestone, including voluntary exits by validators. Over 106,000 ETH Burned In The Last 30 Days According to data from Ultra Sound Money, over 106,000 ETH have been burned in the last 30 days. In that same period, only just over 70,000 ETH have been issued. This has caused a significant decrease in Ethereum’s supply, with it being…
ByBit sees BTC, ETH ‘flight’ of institutional investors to stablecoins
The cryptocurrency exchange ByBit released its 4th quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail investors. The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in Bitcoin (BTC), 15% in Ether (ETH) and only 5% in altcoins, which the exchange categorizes as anything other than the aforementioned digital assets. The survey suggests that the “flight” to “safer assets,” like stablecoins, in a bear market “might explain this risk-averse asset allocation from traders.” Nonetheless, institutional…
Institutional Traders Split Between BTC, ETH: Bybit Research
Institutional traders and whales, or large holders of bitcoin, were skeptical about altcoins, the report says, with the data showing a general decline in altcoin holdings among traders despite a brief rise in May. A notable decrease started in August, particularly among institutions, reflecting a cautious stance towards these more volatile assets. Source