[ad_1] A surge of enthusiasm permeates cryptocurrency markets as hopes for the approval of exchange-traded funds (ETFs) directly investing in Ether soar, signaling a notable shift in sentiment. The positive outlook coincides with a flurry of developments involving potential ETF issuers, stock exchanges facilitating their trading, and the US Securities and Exchange Commission (SEC). Sources familiar with the matter revealed that the SEC requested updates to rule change filings from the New York Stock Exchange and Cboe Global Markets, indicating a potential uptick in the likelihood of approval. However, the outcome remains uncertain, underscoring the complexities involved. Fidelity Investments recently…
Author: dfrancis36
[ad_1] On-chain data shows that large investors in the Bitcoin network have been buying while the market has been in a panic state about the latest crash. Bitcoin Large Holders Netflow Has Been Positive Recently According to data from the market intelligence platform IntoTheBlock, the largest wallets on the Bitcoin blockchain have been making some large net inflows recently. The on-chain indicator of interest here is the “Large Holders Netflow,” which keeps track of the net amount of the cryptocurrency entering into or exiting the wallets associated with the “Large Holders.” IntoTheBlock defines Large Holders as those investors who own…
[ad_1] Bitcoin price recovered above the $62,000 resistance zone. BTC must clear the $62,500 resistance zone to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to rise above the $62,500 and $63,000 resistance levels. Bitcoin Price Faces Resistance Bitcoin price extended losses below the $60,000 support zone. BTC even tested…
[ad_1] Recent insights from a survey conducted by Nomura Holdings and Laser Digital Holdings shed light on the evolving attitudes of Japanese institutional investors towards cryptocurrency. The survey, which included responses from 547 investment managers across various sectors such as family offices and public interest corporations, suggested a big embrace of cryptocurrency from these respective fields. YES to Crypto A striking 54% of these investors expressed intentions to venture into the cryptocurrency market within the next three years, highlighting a shift towards diversifying investment portfolios with digital assets. The findings suggest a significant inclination towards using cryptocurrencies as speculative instruments…
[ad_1] Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments…
[ad_1] Recently, Michael Saylor, Chairman of MicroStrategy and a notable advocate for Bitcoin, conducted a poll to gauge community expectations on Bitcoin’s potential growth over the next decade. The poll revealed an overwhelmingly optimistic sentiment among participants about the cryptocurrency’s future financial trajectory. An Expected Decade-Long Bullishness From the survey that gathered opinions from over 35,000 respondents, a significant portion exhibited confidence in Bitcoin’s annual growth. The anticipation of substantial returns reflects the enthusiasm within the crypto community and their long-term faith in Bitcoin’s underlying value and its role in the future of finance. This sentiment analysis comes when Bitcoin…
[ad_1] On-chain data suggests this signal that has historically occurred around Ethereum peaks has yet to appear in the current cycle. Ethereum Foundation Wallets Haven’t Made Large Outflows This Cycle So Far In a new post on X, the market intelligence platform IntoTheBlock has discussed a pattern that Ethereum has witnessed alongside its previous market peaks. The pattern in question is related to the netflows for the wallets associated with the Ethereum Foundation. The ETH Foundation is a non-profit entity supporting the cryptocurrency and its ecosystem. Below is the chart shared by the analytics firm that shows the trend in…
[ad_1] Crypto analyst Kriss Pax has provided a bullish narrative for Dogecoin (DOGE), predicting that the foremost meme coin could enjoy a massive price surge soon enough. This comes amid the recent surge in an on-chain metric, which turned bullish for Dogecoin. Dogecoin Could Enjoy A Massive Bounce From Its Current Price Levels Pax suggested in a video on his YouTube channel that Dogecoin could enjoy a bounce from its current price level and that now may be an excellent opportunity to buy the foremost meme coin ahead of its imminent price recovery. The analyst claimed this recent market decline…
[ad_1] A top trader has issued a warning about a popular Solana (SOL)-based Dogecoin (DOGE) rival, saying that the memecoin has more downside potential. In a video posted to the social media platform X, the pseudonymous analyst known as Bluntz tells his 263,200 followers that technical metrics indicate the meme token dogwifhat (WIF) could endure more corrective moves in the next three to four weeks. According to the analyst, WIF witnessed a 109-day uptrend earlier this year, leading him to anticipate a similar number of bearish days for the memecoin. “We are [85] days into the pullback… In terms of…
[ad_1] In the midst of the general pessimism that surrounds the cryptocurrency space and Bitcoin currently, famous crypto analyst and trader Doctor Profit has made an audacious forecast that the crypto asset will rebound to the crucial $70,000 level in the upcoming days. Doctor Profit’s analysis which has triggered optimism within the crypto community hinges on a bullish price formation that suggests a positive reversal is imminent. The analyst offered this positive prediction in his recent Big Sunday report. Bitcoin To Revist $70,000 Soon According to Doctor Profit, since the last big Sunday report, in which he identified a persistent…