Tag Archives: Ethereum

In brief Bitcoin’s price fell Thursday following a hotter-than-expected PPI report. Producer prices rose 0.9% in July, the largest monthly increase in over three years. Traders abandoned the prospect of a 50-basis-point rate cut. Bitcoin and other cryptocurrencies slipped on Thursday after rising producer prices blunted rate-cut hopes, and U.S. Treasury Secretary Scott Bessent said the government wouldn’t start cutting …

Bitcoin Falls Back After Record High, Ethereum Drops. What’s Hitting Cryptos.  Barron’s Bitcoin hits fresh record as Fed easing bets add to tailwinds  Reuters Bitcoin touches record high as crypto rally rages on amid bullish ‘fundamental changes’  Yahoo Finance Bitcoin touches record, ether almost makes new high before rolling over  CNBC Bitcoin Rises to Record as Investors Snap Up Riskier Assets  Bloomberg.com Source link

In brief Bitcoin surged to a record high above $124,000 as traders bet on a September U.S. rate cut, with odds exceeding 90%. Analysts cite strong order book dynamics, renewed buying pressure, and a favorable regulatory climate under the Trump administration as key drivers. Ethereum and XRP also advanced, though some warn markets may be overly confident about imminent Fed …

Bitcoin hit another all-time high price mark on Wednesday as a increasingly favorable macro environment pushes traders to take more risk. And Ethereum might be following right behind. The leading cryptocurrency hit a new peak price of $122,882 on Wednesday afternoon, beating its previous July record of $122,838, CoinGecko data shows. Stocks also soared to close in on new highs as …

Key Takeaways The U.S. SEC has greenlighted an in-kind basis for crypto ETFs to enhance tax efficiency and cut operating costs. But only institutional investors will benefit in the immediate future.  On the 29th of July, the U.S. Securities and Exchange Commission (SEC) greenlighted in-kind creations and redemption for spot crypto ETPs (exchange-traded products).  Now, authorized participants (APs) — typically …

Key Takeaways Ethereum has withdrawn 1 million ETH from exchanges this month, while Open Interest hit a record $60 billion – A sign of aggressive, non-speculative accumulation. With July wrapping up, Ethereum [ETH] has clocked in over 50% returns, marking its biggest monthly move since 2022.  However, it’s not just a price spike. ETH’s Open Interest just hit a new …

Key Takeaways The high percentage of holders in profit might also hurt Ethereum’s rally, but one crucial aspect overshadows these developments. Over the weekend, Ethereum [ETH] has risen by 4.09%. The leading altcoin managed to defend the $3,700 support level and has also succeeded in climbing above the $3,860 local high from the 21st of July. Source: ETH/USDT on TradingView …

In brief Spot Ethereum ETFs generated over $1.8 billion in investments this week. The nine funds outpaced their Bitcoin counterparts, which added just $70 million. Interest in Ethereum has risen with the passage of a stablecoin bill and rise of Ethereum treasury companies. For a week, at least, spot Ethereum exchange-traded funds outpaced their Bitcoin counterparts. The nine ETFs tracking …

In brief The Ether Machine is debuting on the Nasdaq with a $1.5 billion stash of Ethereum. The company plans to leverage staking and decentralized finance. At 400,000 Ethereum, the company’s holdings would be the largest among entities that have joined a so-called Strategic Ethereum Reserve. Another firm dedicated to generating Ethereum is making its Nasdaq debut, starting with a …

Ethereum Crypto Treasury to Go Public in $1.5 Billion SPAC Deal  Bloomberg.comView Full Coverage on Google News Source link