After the US June Consumer Price Index showed a surprising 0.4% monthly drop and a year-over-year decline to 3.5%, Ethereum futures buying exploded, especially on Binance which recorded $1.2 billion in taker buy volume within the first hour. This massive volume dwarfed other platforms like Deribit and OKX, indicating a strong directional bet on ETH futures rather than options. The inflation data caused a sharp drop in Federal Reserve rate hike expectations ahead of the July 29 meeting, fueling the rally. However, analysts warn this speculative surge may not guarantee a lasting uptrend, with the upcoming Fed meeting as the next key market event.
Ethereum's price is approaching a critical resistance zone around $1,920, which could trigger a move toward $1,960 and possibly $2,000 if surpassed. Despite a recent $2.26 million outflow from spot Ethereum ETFs after five weeks of inflows, instituti...
Technical analyst Katie Stockton of Fairlead Strategies indicates that Bitcoin may have reached a major low after nearing $60,000, based on rare long-term oversold signals from key indicators. This suggests the recent price decline might be ending, w...
Tether CEO Paolo Ardoino clarified that the company is not developing its own blockchain nor plans to launch one, contradicting a recent CoinMarketCap analysis that grouped Tether with other firms racing to build stablecoin-specific blockchains. Inst...
Ethereum (ETH) is trading around $1,875 after repeatedly failing to break above the $1,900 resistance level, with key technical indicators showing neutral momentum. Despite this price stagnation, US spot Ethereum ETFs have attracted $245 million over...
Cboe BZX Exchange has filed with the SEC to list the first triple-leveraged Bitcoin and Ether ETFs in the US, aiming to deliver three times the daily returns using CME futures contracts. The proposal, submitted on August 10 and published on August 14...
