Tag: Support

Bitcoin’s safe-haven features could provide ‘solid support’ for spot ETFs, Kaiko says

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As Bitcoin keeps outperforming traditional safe-haven assets like gold or bonds, providers of spot Bitcoin exchange-traded funds (ETFs) are likely to double down on their new products. Bitcoin’s (BTC) asymmetric returns and low correlation could serve as “solid support” for the recently launched spot Bitcoin ETFs, given that institutional players are likely to continue fueling the ongoing enthusiasm for crypto ETFs. In a research report, analysts at Kaiko noted that the largest cryptocurrency by market capitalization has accumulated over $2 billion in net inflow since spot ETFs launch on Jan.…

SOL, AVAX Slide 9% as BTC Traders Target Eye Support at $38K

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Ethereum Price Reaches Support, Can ETH Start A Steady Increase Again?

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Ethereum price extended losses and tested the $2,300 support. ETH is now attempting a recovery wave above the $2,340 level and might test $2,390. Ethereum started a fresh decline below the $2,420 and $2,400 levels. The price is trading below $2,400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair attempt a fresh increase if it clears the $2,390 and $2,400 levels. Ethereum Price Revisits $2,300 Ethereum…

XRP at near crucial support; Shiba Inu and Borroe Finance may surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Some say that XRP is near a crucial support level. Still, opinions remain mixed. Meanwhile, Shiba Inu’s predictions remain bold. A new entrant, Borroe Finance, is also garnering investor attention, raising over $3 million in its presale. XRP near crucial support  XRP has support at around $0.56 with resistance at $0.68. The market is bearish in the short term but slightly bullish in the long term. If Coinbase wins against…

Top Crypto Exchange Binance To Roll Out Support for New Altcoin on Launchpool Platform

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Top global crypto exchange Binance has announced plans to support another new altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 45th project will be AltLayer (ALT), an open and decentralized protocol for Ethereum (ETH) rollups. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. They’re designed to help with scaling by reducing transaction costs and congestion on the main Ethereum chain. Between January 19th and the 25th, Binance users can stake BNB as well…

Ethereum Price Rejects $2,600, Can Bulls Save This Key Support?

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Ethereum price struggled to extend gains above $2,600 and $2,620. ETH trimmed gains and might struggle to stay above the $2,500 support zone. Ethereum attempted a fresh increase but failed to surpass $2,620. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair start another increase if the bulls protect the $2,500 and $2,470 support levels. Ethereum Price Revisits Support Ethereum price started a…

Bitcoin (BTC) Traders Eye Support at $40K as Bitcoin ETF Contrarian Bets Prove Right

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“Bitcoin ETFs will be transformative for the industry, allowing for vastly greater access from traditional wealth management – their launch will bring new investment into bitcoin from pensions, endowments, insurance companies, sovereign wealth, retirement plans, trusts, and many more,” shared Henry Robinson, founder at crypto fund Decimal Digital Group, in an email to CoinDesk. Original

Vanguard ceases support for Bitcoin futures ETF purchase

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Vanguard, one of the world’s largest asset managers, continues to maintain its anti-Bitcoin sentiment, with the company recently stating that it would stop the purchase of Bitcoin futures exchange-traded funds (ETFs) on its platform. A Vanguard spokesperson confirmed to Axios that it will stop the purchase of all crypto-related products. The move will allow the asset manager to offer investors a “core set of products and services” in line with its policy and objectives.  As previously reported by crypto.news, Vanguard announced that the trading of spot Bitcoin ETFs – which…

Analyst Draws Crucial Support Levels For Ethereum (ETH) Post-ETF Surge

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According to data from CoinMarketCap, Ethereum (ETH) had dipped over 2% in the last 24 hours. This negative price movement comes after an initial price boost by the token which it gained by over 19% following news of the Bitcoin spot ETF approval in the US on Wednesday.  Interestingly, popular crypto analyst Ali Martinez has offered more insight into ETH’s developing downtrend, highlighting the next possible support zones for crypto’s largest altcoin.  Ethereum May Be Headed For $2,450 – Analyst In an X post on January 11, Martinez shared that…

Robinhood to add support for spot Bitcoin ETFs ‘as soon as possible’

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Online fintech brokerage firm Robinhood is about to join the Bitcoin ETF craze, saying the ETF approval is a key factor in advancing the integration of crypto with traditional finance. Robinhood CEO Vlad Tenev announced the company’s plans in a thread on X on Jan. 11, stating the broker aims to list all approved spot Bitcoin exchange-traded funds “as soon as possible.” Exciting update from Washington today! As a pioneer in offering spot crypto trading, Robinhood is thrilled about the @SECGov‘s decision to approve spot Bitcoin ETFs. We’ve been ahead…