Ethereum price is consolidating below $2,380, a key resistance level, with expert Ali Martinez predicting a rally to $3,000 if it breaks above this barrier. The bullish outlook is supported by whale investors accumulating over $300 million in ETH recently and increased inflows into U.S. spot ETH ETFs, which saw $355 million in April and $162 million in May. Additionally, Ethereum's futures open interest has risen significantly, indicating growing investor confidence. This momentum comes as the U.S. Senate prepares to pass the Clarity Act, potentially legalizing crypto assets and further boosting market sentiment.
Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the propose...
Most major cryptocurrencies saw price declines, with Bitcoin falling 1.55% to about $61,686 and Ethereum down 1.29% near $1,740. Other coins like Binance Coin, XRP, and Cardano also dropped, reflecting a broad market pullback. Stablecoins remained st...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
Ethereum's price has increased about 12% since July 1, driven by weaker-than-expected US employment data that lowered expectations for Federal Reserve rate hikes. Institutional interest returned, with spot Ethereum ETFs seeing $29.1 million in net in...
Bitcoin and Ethereum prices rose by 1.20% and 1.32% respectively, boosting overall crypto market sentiment despite a decline in decentralized finance (DeFi) trading volume. Large-cap altcoins mostly gained, with Bitcoin dominance increasing to 58%, i...
