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Year: 2024

cryptocurrency December 17, 2024

Ethereum is on the verge of reclaiming the $4,000 level as it inches closer to its all-time highs. The second-largest cryptocurrency by market cap has faced skepticism throughout this cycle, with some analysts predicting it would underperform compared to its previous bull runs. However, Ethereum has surprised doubters, steadily climbing in recent weeks despite market […]

cryptocurrency December 16, 2024

Crypto inflows experienced a record-breaking surge last week, reaching a remarkable $3.85 billion. The positive flows to digital asset investment products surpassed the previous record set just weeks ago. Advertisements This monumental activity has propelled the total year-to-date (YTD) inflows to $41 billion. Bitcoin Leads the Charge As Crypto Inflows Approach $4 Billion Bitcoin (BTC) […]

cryptocurrency December 16, 2024

Ethereum price started a decent increase above the $3,900 zone. ETH is consolidating gains and might aim for a move above the $4,000 resistance zone. Advertisements Ethereum started a decent increase above $3,880 and $3,920. The price is trading below $3,920 and the 100-hourly Simple Moving Average. There was a break above a key bearish […]

cryptocurrency December 15, 2024

Hedge funds have set a new record for shorts against Ethereum on the Chicago Mercantile Exchange (CME), driving these positions to an all-time high. Advertisements This development comes as Ethereum struggles to maintain momentum above the $4,000 mark despite a strong influx of funds into spot ETFs and generally bullish market sentiment. Ethereum Faces Record […]

cryptocurrency December 14, 2024

Ethereum is attempting to break above the critical $4,000 level as it edges closer to its all-time high. The market has shown skepticism regarding Ethereum’s performance in this cycle, with some analysts predicting it might underperform compared to previous bullish phases. Despite this doubt, Ethereum has proven its resilience, consistently finding demand at key support […]

cryptocurrency December 14, 2024

Binance Research’s recent report, “The ETH Value Debate,” analyzes Ethereum’s shifting role in the crypto ecosystem. Advertisements While it highlights Ethereum’s foundational role in blockchain innovation, the report notes its position is now under scrutiny due to emerging competitors and evolving market dynamics. Binance Research Analyzes Ethereum Binance Research’s report highlights several bullish developments for […]

cryptocurrency December 13, 2024

BlackRock, the world’s largest asset manager, has shifted its focus to Bitcoin and Ethereum, opting to bypass the launch of any new altcoin-based Exchange-Traded Funds (ETFs). Advertisements The firm’s Bitcoin (BTC) and Ethereum (ETH) ETFs, IBIT and ETHA, respectively, have shown significant performance milestones this year. Stellar Performance Fuels Strategic Focus for BlackRock’s IBIT and […]