Tag: Ether

Analyst Claims Ethereum ‘Isn’t Dying,’ Bitcoin Surge No Threat To Ether

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Este artículo también está disponible en español. This week has witnessed remarkable growth in the global cryptocurrency market, spearheaded by Bitcoin. Today, the total market capitalization of the cryptocurrency market stands at $2.44 trillion, an increase of 1.61% from the previous day. Most of the digital assets are in the green zone meaning that their prices are rising and the outlook of the market is generally positive. Related Reading In this latest market frenzy, one storyline is attracting attention and some analysis: while Bitcoin is outperforming the rest and retesting…

Ether Price (ETH) Could be Primed to Rise Relative to Bitcoin (BTC)

Ether itself has remained in the same trading range since early August, with the current level of $2,700 providing two firm rejections on Sep. 27 and Oct. 21. During that period bitcoin surged from below $60,000, yesterday testing its record high from March of just shy of $73,800. Ether remains about $2,000 below its record high set all the way back in November 2021. Source

Bitcoin ETFs log 4-day inflow streak with $479m, Ether ETFs face outflows

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Spot Bitcoin exchange-traded funds in the U.S. recorded $479.35 million in inflows on Oct. 28 marking their fourth straight day of net inflows while spot Ether ETFs saw a slowdown in net outflows. According to data from SoSoValue, the majority of the inflows were seen from BlackRock’s IBIT, the largest Bitcoin ETF by assets under management, which saw $315.2 million enter the fund, extending its inflow streak of 10 days. Since its launch, the fund has amassed $24.3 billion in cumulative net inflows. This strong performance from IBIT was complemented…

Major Japanese companies want to prioritize Bitcoin and Ether for crypto ETFs

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A group of Japanese financial institutions urge the government to focus on major tokens such as Bitcoin and Ether in talks of allowing exchange-traded funds for cryptocurrencies. According to a Bloomberg report, a group of Japanese companies lodged a series of proposals on Oct. 25 with a title that translates into “Recommendations for the composition of crypto assets ETFs, etc. in Japan”. The country remains on the fence about whether it will permit the instrument. In the group’s proposal, it states that the majority of voices agree that if Japan…