[ad_1] Interest in Ethereum, the second-largest cryptocurrency asset, is gaining momentum once again among retail and institutional investors, as evidenced by a robust increase in its net staking inflows in the past week in tandem with recent improvements in the price of ETH. Consistent Growth In Ethereum’s Staking Net Inflows In a positive development, Ethereum’s staking has attracted significant capital over the past week, leading to a surge in its net weekly inflows. Maartuun, a market watcher and analyst at leading on-chain data and analytics platform CryptoQuant, reported the development, reflecting growing commitment. The spike in staking activity indicates that many…
Author: dfrancis36
[ad_1] Ethereum has been trading at its highest levels since late July, hovering around $3,470. This marks a significant rebound for the second-largest cryptocurrency, which has managed to hold above the crucial 200-day moving average (MA) at $2,965. By maintaining this level, Ethereum confirmed a bullish price structure, paving the way for continued momentum as it approaches its next milestone—yearly highs near $4,000. Top analyst and investor Carl Runefelt recently shared his technical analysis on X, pointing out that Ethereum’s price action has built a solid foundation for further growth. According to Runefelt, Ethereum is poised for a substantial rally…
[ad_1] FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and…
[ad_1] Popular crypto analyst Altcoin Sherpa says that Ethereum (ETH) is likely approaching a cycle bottom in its Bitcoin pair (ETH/BTC). The pseudonymous trader tells his 230,000 followers on the social media platform X that ETH/BTC will likely bottom once Bitcoin has completed its breakout rally. “I know everyone’s talking about altseason now and nobody wants that more than me. However, I think that BTC has to be finished with its run momentarily for alts to run (aka Jan 2021). ETH probably finds a bottom in the next few months vs. BTC. Here or 0.024 are the areas I’m watching.”…
[ad_1] Este artículo también está disponible en español. Last week was another positive period for the Dogecoin price. After concluding the prior week in a phase of consolidation, the meme cryptocurrency carried this trend into the early days of the new week. However, the Dogecoin price kicked off a new 25% rally on Friday, November 22, to create a new 2024 high. Related Reading Interestingly, this new rally saw the Dogecoin price break a bull flag to the upside. Such a rally has brought into focus the perspective of the Dogecoin price reaching a new all-time high before the end…
[ad_1] FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and…
[ad_1] Este artículo también está disponible en español. Bitcoin price is consolidating below the $100,000 resistance. BTC bulls might soon attempt to breach the stated milestone and push the price further higher. Bitcoin started a fresh increase above the $96,500 zone. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $98,000 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price remained supported…
[ad_1] The Public Utility Commission of Texas (PUCT) has adopted new regulations requiring cryptocurrency mining facilities, including the largest Wall Street Bitcoin miners, consuming over 75 megawatts of power to register with state authorities. This marks a significant step in monitoring the industry’s impact on the state’s power grid.Texas Mandates Registration for Large-Scale Crypto Mining OperationsThe rule, which takes effect immediately, mandates virtual currency mining operations to disclose crucial operational details, including facility locations, ownership structures, and electricity consumption patterns. Facilities that began operations before the rule’s effective date must register by February 1, 2025, while new operations must register…
[ad_1] In a livestream on November 25, Charles Hoskinson, the founder of Cardano and CEO of Input Output Global (IOG), voiced serious concerns over the Wyoming stablecoin project, highlighting what he perceives as procedural misconduct and unfair exclusion of the Cardano blockchain. Cardano Founder Speaks Out Hoskinson began by recounting the initial optimism surrounding the Wyoming legislature’s passage of a crypto law nearly two years ago, which aimed to enable the state to issue its own asset-backed stablecoin. “Almost immediately after this proof of concept bill was pushed forward, many people in the Wyoming government and outside of the government…
[ad_1] BitMEX founder and crypto veteran Arthur Hayes is laying out bullish outlooks for Bitcoin (BTC), Dogecoin (DOGE) and the broader digital asset market cycle. In a new discussion on the Alpha Only podcast, Hayes says traditional finance (TradFi) firms could be what triggers froth and a subsequent collapse in crypto valuations. Hayes says TradFi will see crypto going up, and end up allocating through the big companies and projects. But as the market cycle continues and many projects become overvalued, Hayes says the investors will most likely begin to chase less legitimate projects, creating massive gaps between price and…