[ad_1] On Tuesday, Ethereum spot exchange-traded funds (ETFs) registered a significant positive performance for the first time in nearly two months. The crypto-based investment products have seen a sluggish performance throughout September and have failed to impress investors amid the market pump. Ethereum ETFs See Best Day Since August Last week, spot Ethereum (ETH) ETFs saw their sixth consecutive week of negative net flows, with $26.26 million in outflows. While Bitcoin (BTC) spot ETFs continued the positive streak with their second week of inflows in a row, CoinShares’ weekly report noted that products based on the second-largest cryptocurrency remained “outliers.”…
Author: dfrancis36
[ad_1] XRP price failed to climb above the $0.6050 resistance and declined. The price is now testing the $0.5765 support and might consolidate for some time. XRP price is still struggling to clear the $0.600 resistance zone. The price is now trading below $0.590 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.5850 and $0.5880 resistance levels. XRP Price Dips Again XRP price struggled to gain pace…
[ad_1] Este artículo también está disponible en español. Ethereum price started a downside correction from the $2,700 resistance. ETH is now above the $2,550 support and might aim for more gains. Ethereum is aiming for a fresh increase from the $2,550 support. The price is trading below $2,620 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,550 support to start a fresh increase in the near term. Ethereum Price Sees Downside Correction Ethereum price…
[ad_1] Caroline Ellison, the former CEO of Alameda Research and key witness in the prosecution of her ex-partner Sam Bankman-Fried (SBF), was sentenced to two years in prison on Tuesday for her part in the FTX fraud. The sentencing took place on Tuesday in a New York federal court, where Judge Lewis Kaplan also ordered Ellison to forfeit $11 billion for her role in the massive fraud that led to the downfall of FTX, once valued at $32 billion. FTX Collapse Claims Another Inmate According to a CNBC report, the two-year prison term was notably harsher than the recommendation from…
[ad_1] China’s recent stimulus measures have sparked optimism in the global financial markets, and according to QCP Capital analysts, the effects may soon extend to the cryptocurrency space. While stock indices responded positively to China’s economic policies, the crypto market has yet to see a similar surge. However, QCP Capital believes the next phase of stimulus from China’s central bank could fuel bullish sentiment in risk assets, including crypto. Potential For Crypto Market Upsurge In a post uploaded earlier today on its Telegram channel, QCP Capital noted that the People’s Bank of China (PBoC) is expected to roll out additional…
[ad_1] Este artículo también está disponible en español. Currently, Solana (SOL) is the fifth-largest cryptocurrency, with a market capitalization of approximately $71 billion. Following the recent decision by the US Federal Reserve to cut interest rates by 0.50% on September 18, the cryptocurrency market has seen a resurgence in investor confidence, leading to notable price increases for SOL. In light of these developments, asset management firm VanEck, through its research arm MarketVector, has released compelling predictions regarding Solana’s future. The report highlights Solana’s technological advancements and raises questions about its current market positioning compared to Ethereum (ETH). Solana Market Cap Could…
[ad_1] A crypto strategist closely followed for well-timed altcoin predictions thinks one Ethereum (ETH) challenger is ripe to ignite big upside bursts. Pseudonymous analyst Bluntz tells his 275,500 followers on the social media platform X that Near (NEAR) has taken out the diagonal resistance of a falling wedge pattern on the three-day chart. A falling wedge structure is viewed as a bullish reversal signal as it suggests that buyers are stepping in to decrease the rate of an asset’s price decline. Says Bluntz, “Three-day candle about to close and NEAR has a beautiful trend break now.” Source: Bluntz/X Zooming in,…
[ad_1] Este artículo también está disponible en español. As the altcoin season approaches, Cardano (ADA) is gaining momentum, having recorded more than a 14% increase in the past week, according to CoinMarketCap. Notably, a crypto analyst has identified a strong buy signal for ADA, suggesting that it could potentially set off a parabolic rally that might drive the price of Cardano to new all-time highs around $5. Cardano New Buy Signal To Trigger Rally To $5 On September 24, crypto analyst, TradingShot published a detailed analysis and report on Cardano’s price movements, centering on key technical indicators to predict the…
[ad_1] Bitcoin (BTC) could benefit from the People’s Bank of China’s (PBOC) decision to cut the reserve requirement ratio (RRR) by 50 basis points (bps). China Injects Economic Stimulus, Will Bitcoin Benefit? In an announcement on September 24, 2024, the Chinese central bank stated it had slashed the RRR by 50bps. The move bears semblance to a similar step taken by the US Federal Reserve on September 18, when it initiated interest rate cuts with 50bps. According to cryptocurrency analyst Jamie Coutts, reducing RRR by 50bps will add $113 billion of liquidity to the Chinese equity market. This fresh liquidity…
[ad_1] Today, Alby announced the release of Alby Go, a mobile application available for iOS and Android that allows users to make self-custodial payments via their Lightning node."ALBY MOBILE WEN?" 🙄"guys, when will you release an app?" 🙄"i want wallet from Alby on myPhone" 🙄You can stop asking – Alby mobile is here ❗️—————Please welcome, on your phones, on GitHub, in your appstores….👩🚀👩🚀👩🚀 ALBY GO 👩🚀👩🚀👩🚀 pic.twitter.com/WtrJ1eKrs3— Alby 🐝 (@getAlby) September 25, 2024 Users can connect the app to Lightning nodes and wallets including Alby Hub, Umbrel, Start9, LifPay and CoinOS to enable self-custodial Lightning payments. The app most easily…