Ethereum surged past $2,500 for the first time since mid-April, driven by strong inflows of $512.4 million into US spot Ethereum ETFs over four days and a massive $1.69 billion short position liquidation in three days. This rally marks a 26.4% gain over the past week and has pushed futures trading volumes to $94.42 billion, with bullish sentiment dominating the market. Analysts now see $3,000 as the next key resistance level, supported by low profit-taking and strong technical indicators, despite some overbought signals. Ethereum's market cap reached about $287.65 billion with nearly 120.68 million ETH circulating.
Ethereum wallets holding over 1000 ETH reduced their holdings by 2.9% from May to August, trimming 1.7 million coins. Meanwhile, smaller wallets holding 1 to 10 ETH increased their share, indicating retail accumulation. Staked ETH also rose to a reco...
Institutional investors are increasingly using Coinbase's staking services to earn rewards and secure assets on proof-of-stake networks like Ethereum and Solana. This trend signals growing institutional confidence in Ethereum's long-term potential an...
Cryptocurrency markets experienced notable gains with Bitcoin rising 6.4% to $77,338 and Ethereum up 4.2% to $2,427. Several altcoins showed significant increases, including BCH up 28.3%, ZEC up 21.2%, and PEPE surging 22.4%. These movements indicate...
Pi Network's price rose about 4% to $0.0939, approaching the key $0.10 level amid a broad cryptocurrency market rally. The wider crypto market surged over 6%, with Bitcoin hitting a 14-week high of $79,500. Pi Network's recent boost follows the launc...
Bitcoin Cash surged 29.41% to $288.53 in a single day, the largest gain among major cryptocurrencies during the recent rally. This spike was driven not by any Bitcoin Cash-specific news but by a broader market risk-on sentiment triggered by a US Trea...
