Eight of the top 10 best performing ETFs last week were digital currency funds, largely led by Ethereum futures funds, eft.com writes in its daily note. The best performing fund was ProShares’ Ether Strategy ETF (EETH), which gained 12 percent. This ETF manages a total of roughly $63 million in assets. EY, one of the four major accounting firms, has launched a...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Consolidation Phase Break of Structure RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame
The cryptocurrency trend was negative over the weekend as tensions escalated in the Middle East. “Predictable unpredictability is the new normal… For markets in the short term, this should lead to position reduction,” Handelsbanken wrote in its daily note. The price of Bitcoin fell to a low of $61,078 on Saturday. This market volatility led to liquidations of...
The cryptocurrency trend was positive over the past 24 hours ahead of Bitcoin’s halving next week and despite the release of higher-than-expected US inflation data that initially pushed prices lower. “Whether the Fed cut rates 25bps in June or not isn't the long-term driver of bitcoin prices right now. It's a marginal factor. ETF flows + rising deficits matter...
Hello Traders, Skyboxpips here! Ethereum and Bitcoin had a strong bull run from feburary. Ethereum experience a resistance level at the $4100 level which mean sellers are holding this level. There is an imbalance and anticipate Ethereum to reach that $4100 level in hopes of a breakout to the top-side so we can go test that $4,800 All time High
Later today, a record worth of Bitcoin options, $9.5 billion, are set to expire, a factor that may cause volatility, The Block reports. The release of key US inflation data, the personal consumption expenditures (PCE) index, may also impact the crypto universe if the February data comes in above expectations. Analysts foresee the PCE index up 2.5 percent...
My prediction is based on TTheory and Andrews Pitchfork. September 23, BTC price about 29 thousand, then a massive sale...
The deadline for the Securities and Exchange Commission (SEC) to decide whether to approve or reject eight spot Ether ETF applications on its table lapses in less than two months. However, there seems to be little contact with the concerned asset managers, contrary to last fall prior to the approval of the first nine spot Bitcoin ETFs in the US. “Re Eth ETF...
Cryptocurrencies rebounded over the past 24 hours, after a week of profit taking and ahead of Friday’s options expiries. Almost $9 billion worth of Bitcoin options will expire then, an event likely to trigger price volatility, Deribit data shows. The price of Bitcoin rallied 5.5 percent to $70,862 over the past 24 hours, trading 4 percent below its all-time high....
A new Ether upgrade is being considered by its developers, just weeks after the successful launch of the Dencun upgrade on the Ether mainnet. The scope of the Electra upgrade, as this new upgrade is called, will be made in the coming 1-4 weeks, Christine Kim, Vice President at Galaxy announced. “There is the intention to have functional prototypes and devnets of...
Optimism about upcoming rate cuts by leading central banks as of June, may however continue to support the rebound witnessed over the weekend, with Bitcoin rising 4.9 percent to $67.251 over the past 24 hours. “It appears that Bitcoin is trying to break higher, and our upside targets of $83,000 and $102,000 could slowly be at play,” the Head of Research at 10x...
The cryptocurrency trend over the past 24 hours was sharply negative, as investors await the Federal Reserve’s interest rate projections on Wednesday. A rate cut is not on the cards, but comments about the timing and speed of the rate cuts expected later this year are eagerly awaited. The price of Bitcoin dropped 4.9 percent to $65,113 over the past 24 hours, 12...
Cryptocurrencies regained some strength after having dropped sharply on Friday and over the weekend, with Bitcoin trading 7 percent below its all-time high (ATH) of $73,628 reached on Thursday. This volatility triggered liquidations of long positions of almost $900 million. The inflow of assets into the nine spot Bitcoin exchange traded products (ETFs) launched...
The cryptocurrency trend was sharply negative over the past 24 hours, as the latest US macro data signal further reasons to delay the long-awaited rate cuts. After reaching another all-time high (ATH) on Thursday, Bitcoin fell below the $68,000 threshold for the first time since March 8. Investor sentiment dipped on the news, dragging down both stocks and...
The upward trend of cryptocurrencies continued, with Bitcoin reaching yet another all time high this morning at $73,777. The world’s largest cryptocurrency has rallied 74 percent since the beginning of the year compared to the S&P 500’s and Nasdaq’s 9 percent and the Nikkei’s 28 percent. Bitcoin will continue to profit from a bullish sun in the next 24 hours and...
The highly awaited implementation of Ethereum’s Dencun upgrade just happened. It will not only drastically cut the Ethereum blockchain’s transaction costs (gas fees), but also optimize data storage. Read more about the upgrade’s positive implications for users, developers and the Ethereum ecosystem as a whole here. The price of Ether rose 0.8 percent to $4,058...
Hi dear friends, hope you are well, and welcome to the new trade setup of Cortex (CTXC) with US Dollar pair. Previously we caught almost 25% pump of CTXC as below: Now on 4-hr time frame, CTXC has formed a bullish BAT move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop...
The crypto rally witnessed since mid-January continues unabated. The price of Bitcoin reached another all-time high at $72,800 on Tuesday, and is now up 70 percent since the beginning of the year. Parts of this massive rise has been driven by record inflows into digital asset funds such as the nine spot Bitcoin exchange traded funds (ETFs) approved by the...