Tag: Ethereum

Dogecoin Price (DOGE) Slips Alongside Bitcoin and Ethereum: Market Analysis

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Crash A Buying Opportunity? This Whale Thinks So

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Recent price movements in the cryptocurrency market have seen Ethereum experience a significant downturn, with the altcoin finally sustaining a break below the critical $3,000 support level. Ethereum has suffered a notable 4.76% decline over the past 24 hours, bringing its current trading price to just above $2,900.  Related Reading While retail traders are still scrambling for their next move, on-chain data shows an interesting accumulation pattern of ETH by a particular whale entity. This whale, whose strategic moves have historically demonstrated an impressive 100% investment win rate, has been…

Ethereum Price Crashes Below $3,000 As Revenues Drop Toward New Lows

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Ethereum (ETH) recently dropped below the critical and psychological support level at $3,000, raising concerns for ETH bulls. This development comes amid the continued decline in revenue generated on the Ethereum network. Related Reading Ethereum Crashes Below $3,000  Ethereum is down below $3,000, with this downtrend believed to be due to several factors. One is the outflows, which the Spot Ethereum ETFs have been experiencing since they began trading on July 23. Data from Farside Investors shows that these funds again experienced a net outflow of $54.3 million on August…

Ethereum Price Under Pressure: Watch Out For $3,000

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

US spot Bitcoin, Ethereum ETFs record joint outflows for first time

CryptoX – Cryptocurrency Analysis and News Portal Spot Bitcoin and Ethereum exchange-traded funds in the U.S. recorded joint outflows for the first time on Aug. 2. Bitcoin ETFs see outflows of $237.4m The 11 spot Bitcoin (BTC) ETFs in the U.S. experienced a net outflow of $237.4… Source The post US spot Bitcoin, Ethereum ETFs record joint outflows for first time appeared first on CryptoX. CryptoX Portal

Bitcoin, Ethereum ETFs record joint outflows for first time

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Spot Bitcoin and Ethereum exchange-traded funds in the U.S. recorded joint outflows for the first time on Aug. 2. Bitcoin ETFs see outflows of $237.4m The 11 spot Bitcoin (BTC) ETFs in the U.S. experienced a net outflow of $237.4 million at the end of the trading day on Friday, Aug. 2. This is the largest outflow from these investment products since the beginning of May when they experienced $563.8 million in outflows. Bitcoin ETF Flow (US$ million) – 2024-08-02 TOTAL NET FLOW: -237.4(Provisional data) IBIT: 42.8FBTC: -104.1BITB: -29.4ARKB: -87.7BTCO:…

Bitcoin, Ethereum, BNB also drop

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The crypto market is facing a downturn as major coins like Solana, Bitcoin, Ethereum, and BNB experience notable price drops. In the past 24 hours, Solana (SOL) has suffered the steepest decline among them. Following a seeming shift in market sentiment coming on the back of an underwhelming jobs report, Solana’s price plummeted by more than 7% in 24 hours.  The drop outpaced the losses of other leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and BNB, which all contributed to the overall value of the crypto market going down…

Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA

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Cardano (ADA) is currently competing with Ethereum in terms of large transaction volume. This is undoubtedly a positive development for the ADA ecosystem, especially since it indicates a wave of accumulation among the token’s large holders.  Cardano Matches Ethereum In Large Transaction Volume Data from the market intelligence platform IntoTheBlock shows that Cardano is witnessing a similar large transaction volume as Ethereum. In the last 24 hours, Cardano recorded a large transaction volume of $6.7 billion, while Ethereum witnessed a large transaction volume of $6.71 billion.  Related Reading This development…

Bitcoin and Ethereum ETFs see first joint positive inflows since Ether ETF launch

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Spot Bitcoin and Ethereum exchange-traded funds in the United States saw joint positive inflows for the first time on Aug. 1 since the launch of the nine spot Ether ETFs on July 23. Bitcoin ETFs see $50.6m in inflows According to data from Farside Investors, the 11 spot Bitcoin ETFs recorded a net inflow of roughly $50.6 million on Aug. 1, led by Grayscale’s newly launched Grayscale Bitcoin Mini Trust, which alone recorded a substantial $191.1 million in inflows. Blackrock’s IBIT followed with a more modest inflow of $25.9 while…

Solana flips Ethereum DEX volume with $55b

Solana has surpassed Ethereum for monthly decentralized exchange (DEX) trading volume for the first time in crypto history. Solana (SOL) DEX volume hit $55.8 billion in July, outpacing on-chain trading activity on Ethereum (ETH) between July 1 and July 31, per DefiLlama.  Ethereum, the largest chain for decentralized finance, recorded $53.8 billion in the same period. Layer-2 networks like Arbitrum and Base and L1 blockchain Binance Smart Chain comprised the most volume after Solana and Ethereum.  Monthly DEX volume on Aug. 1 | Source: DefiLlama What’s driving Solana’s volume? Solana’s…