Ether traders eye more downside amid ETH/BTC tapping 'new multi-year lows'
One market analyst said there's “no reversal in sight” for Ethereum's value against Bitcoin.
Keep up with what's happening in the crypto world in real-time.
One market analyst said there's “no reversal in sight” for Ethereum's value against Bitcoin.
Leading cryptocurrencies jumped as polls began to close in the high-stakes presidential election between Donald Trump and Kamala Harris. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.
If Ethereum continues mimicking S&P 500, $10K price remains a strong long-term possibility.
The cryptocurrency market witnessed a sudden surge in buying pressure during the United States presidential election on Tuesday. The pioneer digital currency, Bitcoin, teased a bullish breakout of the $70,000 barrier, uplifting the recovery momentum in the altcoin market.
Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.
Despite Michigan pension fund's new move, the total cumulative flows into ETH ETFs continue to remain negative.
Ethereum (ETH) price is showing signs of weakening strength as polls open across most of the US.
Following the breakdown, the price has once again moved back within the bullish pattern and is poised for an upside rally.
Michigan's move to increase Ethereum investments comes amid a wave of crypto interest among U.S. state pension funds.
Cryptocurrency markets are trading higher as markets predict a Trump win, boosting sentiment.
This metric serves as an indicator of relative market sentiment and capital flows between crypto's two largest assets.
ETH/BTC decline hits over three-year low at 0.03508, reflecting Ethereum's underperformance and potential further downside in Q4 2024. The post ETH/BTC hits lowest point in over 3 years, sliding to 0.03508 appeared first on Crypto Briefing.
The State of Michigan Retirement System has disclosed a new holding in Grayscale's Ethereum exchange-traded fund, becoming the first public pension fund to do so since the ETH-based product commenced trading on U.S. exchanges in July.
Bitcoin's resilience may keep crypto unaffected by the 2024 US election. Economic trends, and not political shifts, drive crypto growth and long-term value.
In the last few hours, an enormous sum in Ethers (ETH) was moved to derivatives exchanges. Typically, this is a signal of a downturn, or, at least, increased volatility, CryptoQuant's verified author says.
Ethereum (ETH) has established a relationship with the S&P 500 index, a correlation that points to a record-high price target for the second-ranked cryptocurrency by market capitalization.
Ethereum faces selling pressure from whales amid election-related uncertainty. Institutional demand for Ethereum ETFs remains weak, impacting price recovery.
TL;DR P2P.org launched the “Operator Allocation Share” program in EigenLayer, allowing its delegators to claim part of a total reward of 828.08 ETH. The platform developed a “Risk Engine” and a rewards management tool to improve security and accessibility in EigenLayer. P2P.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds (ETFs) experienced substantial net outflows on Nov. 4, with the former seeing a record $541 million outflow, marking the second-largest single-day outflow in history. The only higher single-day outflow was recorded on May 2, when $563 million exited Bitcoin ETFs.
The price of Ethereum (ETH) has fallen below the key support line below the moving averages. Buyers have failed to sustain their bullish momentum above the overhead resistance of $2,800.
Right now, as the US election unfolds, it's creating volatility for Bitcoin. Recent events show that the Bitcoin ETFs had one of their worst days in history, with a $541 million outflow just yesterday. This outflow created sell pressure, which caused a short-term dip in Bitcoin's price.
Sui (SUI) is making waves, pulling in a net flow of $24.3 million and outshining giants like Ethereum (ETH), which only pulled in $9 million, according to Mysten Labs' co-founder Adeniyi Aboidun. But here's the kicker - both Sui and Ethereum are currently stuck in a consolidation rut, leaving investors scanning the horizon for fresh, high-growth opportunities.
A crypto co-founder was robbed in Bangkok while traveling there to attend the 2024 Ethereum Devcon conference. Haichao Zhu, co-founder of Bitcoin application Rooch Network, urged Ethereum Devcon attendees to exercise caution in a Nov.