Tag: Ether

Ether ETP Inflows Break 2024 Totals At $6.2B: CoinShares

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Cryptocurrency investment products posted record-breaking inflows last week as they recorded gains for a 14th consecutive week. Global crypto exchange-traded products (ETPs) recorded $4.4 billion of inflows for the trading week that ended Friday, CoinShares reported on Monday. The inflows came amid Bitcoin (BTC) surging past $122,000 for the first time on July 14, then dropping to an intraweek low of about $116,000 before finishing the trading week at around $120,000, according to CoinGecko data. With the fresh gains, the year-to-date (YTD) inflows in crypto ETPs climbed to a new…

Bitcoin, Ether Tipped For Upside As ETH Hits 7-Month High

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Key points: Bitcoin market participants expect a resistance trend line breakout, with nearby targets including $125,000. Attention continues to focus on altcoins while Bitcoin consolidates, with Ether reaching seven-month highs. Upside potential across altcoins remains, with many not yet copying Ether’s rebound, says the latest market commentary. Bitcoin (BTC) circled $118,500 into Sunday’s weekly close as traders waited for a new upside BTC price breakout. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Traders: Bitcoin price eyeing $125,000 breakout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading higher after a trip…

Ether ETFs Outshine Bitcoin ETFs for Second Straight Day With $403 Million in Inflows

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Crypto exchange-traded funds (ETFs) raked in $766 million on Friday, July 18, with ether ETFs once again outpacing their bitcoin counterparts. Fueled by Blackrock’s dominance, ether products continue to gain serious institutional momentum. Blackrock Dominates As Crypto Funds Pull $766M in Daily Inflows For the second day in a row, ether ETFs outpaced bitcoin ETFs […] Original

Bitcoin sets another new record for a second straight day: CNBC Crypto World

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, bitcoin rises to a new all-time high above $113,000, building on its previous record reached just one day earlier. And, Karia Samaroo, the founder and former CEO of WonderFi, explains some of the factors that helped propel bitcoin to new records. Chapters: 0:00 – Introduction 0:24 – Bitcoin hits new record 1:57 – WonderFi founder Karia Samaroo For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV:…

$4,000 ETH Price Is Due ‘Soon’ As Ether Shorts Suffer

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Key points: Ether is currently forging a short squeeze that stands out in crypto history, says analysis. A 10% price increase would see another $1 billion in liquidated shorts. Shorts should now fuel a $4,000 ETH price rebound. Ether (ETH) is “making history” as ETH price gains spark a short squeeze for the record books. Fresh analysis from trading resource The Kobeissi Letter issued Friday now sees ETH/USD hitting $4,000 “soon.” Ether shorts risk punishment as ETH eyes 2025 highs Ether price strength has become one of July’s crypto market…

$4,000 ETH Price Is Due ‘Soon’ As Ether Shorts Suffer

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Key points: Ether is currently forging a short squeeze that stands out in crypto history, says analysis. A 10% price increase would see another $1 billion in liquidated shorts. Shorts should now fuel a $4,000 ETH price rebound. Ether (ETH) is “making history” as ETH price gains spark a short squeeze for the record books. Fresh analysis from trading resource The Kobeissi Letter, issued on Friday, now sees ETH/USD hitting $4,000 “soon.” Ether shorts risk punishment as ETH eyes 2025 highs Ether price strength has become one of July’s crypto…

Charles Schwab to Launch Bitcoin and Ether Spot Trading, CEO Confirms

Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster. In an interview with CNBC on Friday, Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry’s crypto ETP market. However, he noted that crypto still represents a relatively small portion of clients’ total wealth, around $25 billion out of $10.8 trillion. “We anticipate launching Bitcoin (BTC) and Ether (ETH) sometime soon so that our clients have access to that,”…

Sharplink Gaming Files to Sell $5B in Stock for Ether Purchases

Sharplink Gaming Inc. has filed to sell up to $5 billion worth of additional common stock, primarily to fund the purchase of ether for its corporate treasury. Sharplink Expands Stock Offering to $6B Total The Minneapolis-based online gaming marketing company disclosed the plan in a Securities and Exchange Commission (SEC) filing this week. The new […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Here’s Why An Ether ‘Rapid Reversal’ Is Unlikely

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Ether’s meteoric rally to $3,600 on Thursday is unlikely to retreat as long as two key macro conditions continue to hold, a hedge fund executive says. “All the hard data that arrived this week argues against a rapid reversal,” crypto hedge fund ZX Squared Capital partner Felix Xu told Cointelegraph on Thursday. ETFs are booming, and Fed uncertainty is bullish for Ether Xu pointed to the growing inflows into US spot Ether (ETH) exchange-traded funds (ETFs) as a significant catalyst for Ether’s continued price uptrend, pointing to Wednesday’s $727 million…