Tag: Ethereum

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…

Ethereum Investors Contribute Mpeppe (MPEPE) Surge In Popularity

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The cryptocurrency market is witnessing an exciting development with the rise of Mpeppe (MPEPE), a unique fusion of sports passion, blockchain innovation, and meme culture. Ethereum (ETH) investors are playing a significant role in this surge of popularity, recognizing the potential and transformative power of Mpeppe (MPEPE). This article explores the reasons behind the growing interest in Mpeppe (MPEPE) among Ethereum enthusiasts and its implications for the future of cryptocurrency. The Fusion of Sports, Blockchain, and Meme Culture Mpeppe (MPEPE) represents a movement that embodies the fusion of sports passion,…

Market Experts Update Ethereum Predictions: Is A 1,400% Rally To $50,000 Possible?

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Two market experts recently revised their predictions for Ethereum, with one claiming that the second-largest crypto token could rise to as high as $100,000. Interestingly, these ultra-bullish predictions align with some predictions made by financial institutions. Ethereum To Rise To $50,000 Ethereum maximalist Adriano Feria predicted in an X (formerly Twitter) post that Ethereum could reach $50,000 in this market cycle. He made this bold prediction in response to Ethereum developer Eric Conner’s prediction that ETH will reach $35,000 this cycle. Conner had initially predicted that ETH would rise above…

Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal

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On-chain data shows Ethereum has been observing high exchange outflows recently, but a development related to Tether (USDT) may be a bearish obstacle for the market. Ethereum And Tether Both Have Seen Withdrawals From Exchanges Recently As explained by the on-chain analytics firm Santiment in a new post on X, the market is ending July on a mixed note in terms of the exchange flows. The metric of interest here is the “Exchange Flow Balance,” which measures the net amount of a given asset that’s entering into or exiting the…