Ethereum fell about 4% to around $2,420, pressured by a surge in crude oil prices above $105 and rising US Treasury yields, which increased inflation concerns and risk aversion among investors. August's Producer Price Index showed a 0.4% monthly rise and 5.4% annual inflation, boosting expectations for a Federal Reserve rate hike. Despite price declines, US spot Ethereum ETFs attracted $34.75 million in inflows, indicating ongoing investor interest. Ethereum now tests critical support at its 20-day EMA near $2,400, with further downside possible if this level breaks, while a weekly close above $2,550 is needed to resume upward momentum.
Bitcoin surged over 25% in August but shows weak spot demand and liquidity, raising concerns of a bull trap. Meanwhile, Ethereum sees strong liquidity growth with stablecoin supply rising and record ETH staking, indicating robust demand. This liquidi...
Bitcoin traded around $77,000, slightly up but under pressure ahead of crucial US inflation data that could influence the Federal Reserve's upcoming interest rate decision. The broader crypto market also faced declines amid rising oil prices and high...
Bitcoin's price outlook is bullish as strong inflows into U.S. spot bitcoin ETFs, totaling over $600 million in early September, support a recovery above $80,000. Producer Price Index data showed slightly higher inflation, but markets had anticipated...
Senate Republicans have introduced a new 630-page version of the CLARITY Act, a significant crypto regulation bill affecting Bitcoin, XRP, and Ethereum. The updated bill clarifies distinctions between decentralized and non-decentralized finance proto...
Cryptocurrency markets experienced a broad decline, with Bitcoin falling 1.79% to $77,104 and other major coins like Ethereum, Binance Coin, and XRP also dropping between 1% to over 5%. This downward trend reflects ongoing market volatility and inves...
