Tag: ETH

Ethereum Price Bullish Momentum Reignites – Can Bulls Pust ETH To $2,200?

Ethereum price remained strong and started a fresh increase above $2,000. ETH could continue to rise if it clears the $2,075 resistance zone. Ethereum is again moving higher above the $2,000 support zone. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,046 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher if it clears the $2,075 resistance zone in the near term. Ethereum Price Reclaims $2K After a downside…

Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst

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Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart. Seyffart said in a Nov. 15 X (Twitter) post following the SEC delaying Grayscale’s ETH futures ETF bid that he believes if the SEC approves Grayscale’s application, then it would enable Grayscale to argue for the approval of its spot Ether ETF application. If the SEC denies Grayscale’s bid, the asset manager could…

Price analysis 11/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, TON

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Bitcoin and select altcoins are showing strength, a possible sign that the bull trend has resumed. Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy, as they shake out the weak hands and allow the stronger hands to add to their positions. A note of caution to the eager dip buyers is that Glassnode data shows the number of whale wallets with more than $1,000 iBitcoin dropped to its lowest level…

Bankrupt Crypto Lender Celsius Moves Over $10,000,000 Worth of Ethereum (ETH) To Exchange: On-Chain Data

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An address associated with failed crypto lending platform Celsius has moved millions of dollars worth of Ethereum (ETH) to an exchange, according to on-chain data. Citing data obtained from blockchain explorer Etherscan, on-chain data tracker Lookonchain says that Celsius moved 5,160 ETH worth approximately $10.49 million to institutional crypto trading platform FalconX. According to Lookonchain, Celsius, which filed for bankruptcy in July of 2022, possibly “wants to sell some assets with the rising prices.” Source: Etherscan Ethereum is trading at $2,033 at time of writing, up by nearly 80% year-to-date.…

Bitcoin (BTC) Price Drops 4%, Ether (ETH) Price Declines 6% as Crypto ETF Momentum Stalls with SEC Likely Delay, Analyst Says

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“ETF speculation is front and center for now, but the store of value narrative still holds and will give the asset a resilient and increasing floor,” Noelle Acheson, author of the Crypto Is Macro Now newsletter, noted in an email to CoinDesk. “I very much doubt that the recent sell-off means the rally is done for now.” Original

CBOE to launch BTC, ETH margin futures trading in January with 11 firms supporting

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Cboe Digital has announced the launch date of Bitcoin (BTC) and Ether (ETH) margin futures trading – Jan. 11, 2024. The regulated crypto-native exchange and clearinghouse will become the first in the United States to offer both spot and leveraged derivatives trading on a single platform, it said in a statement. Margin trading increases capital efficiency by allowing customers to trade futures without posting full collateral. The ability to carry out spot and derivative trading on the same platform will also increase efficiency. Cboe Digital president John Palmer said: “We…

SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

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Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCharts data. After the substantial rally, Bitcoin could face headwinds in the near term as investors digest the macroeconomic data and events due this week. The Consumer Price Index data is set to be released on Nov. 14, followed by the Producer Price Index…

GBTC Discount Narrows With Spot BTC, ETH ETF Approvals Expected Soon

“Recent extreme market volatility showed Arbitrum is still the lead performer in the L2 race, capturing six times the 24-hour trading volume of Optimism, and 25 times that of Base,” Ben Yorke, WOO Ecosystem VP said in a note shared with CoinDesk, referring to layer-2 blockchains. “That said, what’s clear is that Ethereum is still ultimately the end boss, overseeing more than twice the volume of all Layer 2 scaling solutions combined – driven in part by the volatility surrounding Blackrock’s apparent filing for an ETH ETF.” Source

Poloniex suffers breach, BlackRock’s ETH

This week, Poloniex suffered a breach. BlackRock seeks to launch an Ethereum (ETH) ETF as it awaits a decision on the Bitcoin (BTC) application. BTC targeted $38,000 amid a sustained rally. Meanwhile, regulators reply to Binance. Poloniex hacked for $100m Poloniex faced a security hiccup on Nov. 10, as its hot wallet experienced an unauthorized outflow, resulting in a loss exceeding $33 million, according to earlier reports. Justin Sun, the current majority shareholder of Poloniex, affirmed that the exchange remains financially stable and pledged full reimbursement for the assets. The…