Tag: Ethereum

Singapore’s dtcpay will drop Bitcoin and Ethereum in favor of stablecoins in 2025

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Singaporean digital payment provider dtcpay announced that it will exclusively support stablecoins for its payment services by 2025, dropping Bitcoin and Ethereum in the process. In a recent X post, dtcpay announced that it will begin to strategically shift its support to only accommodate stablecoins for all of its token payments services, starting January 2025. Following this transition, the Singaporean payment firm will no longer support payments for Bitcoin(BTC) and Ethereum(ETH) starting next year. Despite both BTC and ETH still maintaining their spots as the two largest cryptocurrencies by market…

New Exchange Lunex Joins Ethereum and Uniswap in the Spotlight – Can It Surpass $0.50 by Year-End?

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PRESS RELEASE. Three unique altcoins—Lunex Network (LNEX), Ethereum (ETH) and Uniswap (UNI)—are attracting huge investor attention with bullish price activities. While Ethereum’s (ETH) bullish surge points at a possible breakout to a new all-time high, Lunex Network’s innovative cross-chain capabilities promise to transform decentralized trading. Uniswap’s (UNI) spectacular climb of over 70% in just one […] Source

Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains

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Este artículo también está disponible en español. Ethereum (ETH) now offers an attractive risk-reward ratio, according to analysts at research and brokerage firm Bernstein. Despite underperforming compared to other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP for most of 2024, Ethereum’s strong fundamentals may set the stage for a potential rally. Why Is Ethereum Struggling? Bernstein Analysts Explain  Ethereum, the second-largest cryptocurrency with a market cap exceeding $430 billion, may be on the verge of significant positive price action. Bernstein analysts suggest that ETH’s fundamentals remain strong despite…

Ethereum Price Poised for Recovery: Will It Reignite The Uptrend?

Ethereum price is moving higher from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,680 resistance zone. Ethereum started a downside correction and retested the $3,550 zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair could restart its increase if it clears the $3,650 zone. Ethereum Price Eyes Fresh Upward Move Ethereum price…

Ethereum Bulls Charge Ahead: $4K Within Grasp

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Este artículo también está disponible en español. Ethereum price is moving higher above the $3,600 zone. ETH is showing bullish signs and might soon aim for a move above the $3,800 resistance zone. Ethereum started a decent increase from the $3,550 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could restart its increase if it clears the $3,750 zone. Ethereum Price…

Ethereum Open Interest Hits Record High Of $17 Billion — Bearish Or Bullish For ETH Price?

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Este artículo también está disponible en español. The price of Ethereum has been on a remarkable run in the past week, returning above the $3,500 level for the first time since July 2024. This single-week performance represents a change in the fortunes of the “king of altcoins,” which somewhat slowed down after a great start to the month of November. While the current price layout for Ethereum suggests that there is still room for upward movement, certain on-chain signals indicate that the market might be on the cusp of a…

Boyaa Interactive Becomes Asia’s Top Bitcoin Corporate Holder Through Strategic Ethereum Conversion

Boyaa Interactive has converted $49.48 million worth of ethereum into bitcoin, making it the largest corporate bitcoin holder in Asia. Boyaa Swaps Ethereum for Bitcoin Hong Kong-based online gaming firm Boyaa Interactive International has emerged as the largest corporate bitcoin (BTC) holder in Asia after the company recently converted 14,200 ethereum (ETH) worth approximately $49.48 […] Source CryptoX Portal

NFT sales dip to $146.5m: Ethereum, Bitcoin network recover

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As Bitcoin continues to face resistance near the $100,000 mark, the NFT market has experienced a 1.6% drop, with total sales volume settling at $146.5 million. While Bitcoin (BTC) trades at $96,800, Ethereum (ETH) has shown strength by surging 3.5% in the last 24 hours to reclaim the $3,700 level. The global cryptocurrency market capitalization has expanded to $3.42 trillion from last week’s $3.35 trillion. This marks a 2.5% increase over the last day. According to the latest data from CryptoSlam, while overall sales have declined, individual blockchain networks are…

Ethereum outpaces Bitcoin in daily net flows for spot ETFs

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Ethereum spot ETFs mark a historic milestone with a $332.92 million daily inflow, surpassing Bitcoin ETFs amid the ETH price surge. The latest data from SoSoValue reveals that Ethereum (ETH) spot ETFs have recorded $332.92 million in daily net inflows as of Nov. 29, outpacing Bitcoin (BTC) spot ETFs’ $320.01 million for the first time since inception. This development coincides with Ethereum’s price surge of over 3% in the last 24 hours, while Bitcoin showed minimal movement during the same period. US ETH Spot ETF inflow data from SoSoValue Ethereum…

Ethereum Struggles Below $3,659 Resistance: Is Momentum Fading?

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Este artículo también está disponible en español. Ethereum is grappling with a critical resistance level at $3,659 as momentum appears to wane. After a period of steady gains, the cryptocurrency has moved into a consolidation phase, with bulls struggling to push it higher. The pause has raised questions about whether Ethereum’s rally is losing steam or simply gearing up for its next big move. This article aims to analyze ETH’s current consolidation below the $3,659 resistance level, focusing on its implications for market pressure. It will also determine whether ETH…