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Day: July 9, 2024

cryptocurrency July 9, 2024

Key Takeaways BTCfi tokens are down 23.4% in 2024, but the ecosystem’s TVL has increased over 100%. Three main factors are slowing BTCfi adoption: market distractions, user experience issues, and overall crypto market conditions. Share this article Advertisements URL Copied Advertisements The tokens from the Bitcoin decentralized finance (BTCfi) sector are down 23.4% on average […]

cryptocurrency July 9, 2024

Vitalik Buterin demonstrated the interface of depositing into the Ethereum (ETH) blockchain Polymarket, highlighting the need for change. He calls for the implementation of ERC-3770 and ERC-7683 upgrades. Advertisements The Ethereum network’s moves to double down on enhancing user experience and fostering developer activity are key strategies for the ecosystem to maintain its industry repute. […]

cryptocurrency July 9, 2024

Bitcoin’s (BTC) price is down 24% since topping out at $71,758 in early June. As sentiment remains soar, the next directional bias for the pioneer cryptocurrency hinges on four critical narratives that continue to unfold. Advertisements Retail traders adjust their trading strategies based on market sentiment, which explains the highly volatile nature of crypto. Critical […]

cryptocurrency July 9, 2024

Industry experts are increasingly optimistic that the US Securities and Exchange Commission (SEC) will soon approve a spot Ethereum exchange-traded fund (ETF). Advertisements This growing confidence comes as several prominent asset managers, including Fidelity, VanEck, Franklin, 21Shares, Grayscale, and BlackRock, filed their updated S-1 forms with the SEC yesterday. Ethereum ETF Approval May Be Close […]

cryptocurrency July 9, 2024

Ethereum ETFs were gaining much popularity in the United States. ETH was down by 12% last week, but a few market indicators hinted at a trend reversal.  Ethereum [ETH] has been facing multiple price corrections over the past month. This happened at a time when its much-awaited ETH ETFs launch was drawing in. Advertisements Therefore, […]