Tag: Ether

Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low

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Ethereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging.  Ether’s (ETH) technical charts suggest that the asset can reclaim $3,000 if buyers are able to push above the resistance between $1,900 and $2,000. ETH held on exchanges hits an all-time low Exchange balances for ETH reached a new low of 12.6%, dropping sharply in the last 30 days, according to Glassnode data. Reduced supply on exchanges is usually a bullish sign, as it means fewer tokens are…

Bitcoin (BTC), Ether (ETH) Short Traders Lose Over $100M as Bullish Sentiment Returns

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“Bitcoin’s rally is part of a larger trend signaling a shift towards bitcoin as a distinctly strong and established store of value,” shared Alex Adelman, CEO of bitcoin rewards app Lolli, in an email. “Bitcoin’s recent climb to over 50% market dominance in the crypto markets reflects a growing demand for bitcoin among institutional and retail investors as a highly secure, decentralized holding that has proven its value over time.” Original

Raft’s R Stablecoin Surges as Traders Embrace Liquid Staking Ether Products

The surge in Raft, an alternative stablecoin issuer, highlights the booming market for liquid staking tokens, which enable users to main liquidity, despite locking their ether to earn rewards for securing the Ethereum blockchain. The liquid staking sector has a combined TVL of more than $20 billion, putting it ahead of decentralized exchanges, lending platforms and bridging protocols as DeFi’s top dog. Source

Cardano (ADA), Ether (ETH) Surge as Bitcoin (BTC)-Led Rally Sees Short Traders Lose $125M

“Blackrock’s ETF presents a statement or unique ‘solution’ if you will that makes it different from previous ETF filings,” shared Eitan Katz, CEO of Kima, in a Telegram message. “It includes a surveillance sharing agreement with Nasdaq, which means that Nasdaq will have access to the trading data, including customer IDs –all with the intention to make it significantly more immune to market manipulations by traders.” Original Source 125MADABitcoinBTCLedCardanoETHEtherLoseRallySeesShortSurgeTraders CryptoX Portal

Diversified portfolio should include bitcoin, ether

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Investors and advisors can’t ignore crypto anymore, according to Ric Edelman, founder of Edelman Financial Engines. “It’s the first new invention of an asset class in 170 years — the last new asset class was the discovery of oil in the 1850s,” he told CNBC Pro at the Digital Assets Council of Financial Professionals’ Vision conference in Austin, Texas. “We need to recognize that in order to have a truly diversified portfolio, we need to have exposure to every asset class,” he added. “That means advisors need to rethink their…