Ethereum seems to be at a critical juncture in its trading activities, as it forms a bearish triangle pattern on the charts. This pattern suggests a potential significant breakout, with the cryptocurrency possibly declining sharply towards the $2,160 support level. In the past 24 hours, Ethereum has experienced a 2.11% increase, reaching approximately $2,642. The
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Recently, Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna shared his expectations regarding the Biden administration’s plans to release a crypto regulation roadmap in the near future. Khanna expressed hope that following discussions between the White House and industry leaders, the administration would issue a positive statement outlining a path towards reasonable regulation. This move
Ethereum (ETH) faced a significant downturn at the beginning of the past week, with its price plummeting to $2,112 on August 5, marking the largest market slump of the year. However, the digital asset has since staged a modest recovery, reclaiming the crucial $2,600 level and showing signs of aiming for the $3,000 milestone once
In a recent development, a US appeals court has made a significant decision regarding a class-action lawsuit against Binance.US, the US subsidiary of the global Binance exchange. The court has partially overturned the dismissal of the case, signaling a possible shift in the legal proceedings. The plaintiff, Ryan Cox, brought forth allegations against both Binance.US
Recently, the US spot Ethereum ETFs have seen a surge in inflows, with a total of $4.9 million recorded on Monday. This increase in investment activity is a positive sign for the market, indicating growing interest in Ethereum among investors. On August 12th, the trading volume for these ETFs was robust, reaching $286 million. This
Sui (SUI) has witnessed a remarkable surge in its price, with a staggering 70% increase over the span of just one week. This significant growth has caught the attention of many investors and industry experts, leading to a wave of optimism surrounding the cryptocurrency. The launch of Grayscale’s Sui Trust has been identified as a
Gala Games has recently unveiled a new feature that has the potential to revolutionize the way users access their platforms. The Single Sign On (SSO) option, which allows users to log in using their Telegram accounts, eliminates the need for cumbersome usernames and passwords. This move aims to streamline the process of accessing Gala Games,
Recently, a crypto analyst known as ‘Sensei’ unveiled a highly optimistic forecast for Bitcoin (BTC), suggesting that the end of the supposed Bitcoin bear trap could propel the price of the cryptocurrency to new highs, potentially reaching $72,000. The analyst shared a price chart highlighting two parallel trend lines that trace Bitcoin’s recent price movements.
The latest data from crypto asset manager CoinShares reveals a significant uptick in investor confidence in the crypto market. According to the ‘digital asset fund flows weekly report,’ last week saw a total of $176 million in inflows into digital asset investment products. Specifically, Ethereum products have distinctly stood out, attracting the majority of these
Over the past week, Ethereum has experienced significant inflows totaling $155 million, marking a positive trend in investor sentiment. These inflows have boosted Ethereum’s year-to-date total inflows to $862 million, the highest since 2021. This surge can be attributed to the introduction of US spot-based ETFs, which have sparked renewed interest in Ethereum as an
