Ethereum (ETH) rose about 1.8% amid optimism that the U.S. Senate could soon vote on the CLARITY Act, which may classify Ethereum as a digital commodity. This potential legislation is expected to enhance regulatory clarity and institutional participation, supporting Ethereum's price despite recent volatility. Ethereum is currently testing support near its 50-day EMA around $1,812, with bullish momentum possibly pushing it toward $2,244 if the act passes. Institutional demand is also increasing, with strong inflows into Ethereum ETFs and rising total value locked in the Ethereum ecosystem, signaling renewed investor confidence.
After successfully predicting XRP's 700% rally in 2024, top crypto trader DonAlt has begun buying Ethereum at around $1,878, despite it being near a local resistance level. He acknowledges this move breaks traditional technical analysis rules but pre...
Bitcoin fell to around $63,500 following July's inflation report that matched expectations, leading to a drop in the probability of a September Federal Reserve rate hike from 46% to 38%. The inflation data reassured markets but did not spark strong g...
Bitcoin fell to around $63,500 following July's Consumer Price Index data that matched analyst expectations, easing immediate concerns about Federal Reserve rate hikes but failing to boost crypto markets. The probability of a September Fed rate hike ...
Bitcoin traded near $63,800 after U.S. July inflation data matched expectations, failing to spark new momentum in crypto markets. Consumer prices rose 0.1% monthly and 3.4% annually, easing fears of a near-term Fed rate hike. Bitcoin ETFs saw $61.1 m...
GSR's Core3 portfolio model raised Solana's allocation to 43.6%, making it the largest holding, while reducing Bitcoin to 16.9% and Ethereum to 39.5%. This shift reflects Solana's stronger short-term momentum, as it gained 2.98% over the week compare...
