[ad_1] Este artículo también está disponible en español. Ethereum (ETH) continues to spark bullish talk in the cryptoverse, as well known analysts see large price moves ahead. According to Venture Founder, Ethereum is forming a rising three-year triangle pattern, which could set the stage for a possible breakout. Based on similar comparisons to data from 2016-2017, the altcoin will hit $15,937, probably by May of 2025. Related Reading Such a rise would take Ethereum’s market capitalization beyond $1 trillion, a historic first for the blockchain behemoth. Analysts view a weekly close above $3,800 as a significant milestone. From there, Ethereum…
Author: dfrancis36
[ad_1] Popular stablecoins, or digital assets designed to have a “relatively stable price,” are getting noticed by policymakers. While these crypto units are more stable than their counterparts, a recent Financial Services Oversight Council (FSOC) report suggests they can pose risks to the financial markets. Specifically, the FSOC 2024 Annual Report argues that issuers lack trustworthy information about their holdings and policies on reserve management practices. The Council contends that transparency may compromise the holders and prevent analysts from making accurate market analyses. As such, the Council is urging the US Congress to discuss and pass new legislation that can…
[ad_1] Recent price action has seen the Ethereum price breaking above the $4,000 price level again to drive euphoria among crypto investors, especially those awaiting the onset of an altcoin season. This price rally follows an unprecedented surge in Ethereum Spot ETF inflows, which hit a record $428 million on December 5 as investors continue to anticipate crypto-positive regulatory changes under the incoming Trump administration. Related Reading Interestingly, this bullish momentum has seen the Ethereum price play out an interesting motion on its price chart. Particularly, Ethereum has broken above a massive triangle on the weekly timeframe chart, which points…
[ad_1] Venture capitalist Chris Burniske thinks crypto has more time before the market witnesses a deep deleveraging event. The crypto veteran tells his 312,000 followers on the social media platform X that he thinks the inauguration day of President-elect Donald Trump will be a sell-on-news event. But Burniske clarifies that his expected correction on January 20th will likely not mark the end of the crypto bull market. “Dream the post-election dream now, shakedown after. Inauguration makes most sense as reality can never match the dream. But that shakedown won’t be the end, though it will scare paper hands into believing…
[ad_1] The recent Bitcoin price surge, which surpassed $100,000 for the first time, is creating ripples in the long-struggling crypto lending sector, particularly through decentralized finance (DeFi) applications. According to a Bloomberg report, the speculative excitement surrounding Bitcoin has not only invigorated its trading but is also spilling over into lending platforms, signaling a potential resurgence for this critical segment of the cryptocurrency market. Bitcoin Funding Rate Soars Tenfold Bloomberg data shows Bitcoin’s funding rate—the premium traders pay to maintain long positions in perpetual futures—has skyrocketed in November, increasing more than tenfold since early June. This surge reflects a growing…
[ad_1] Este artículo también está disponible en español. The Bitcoin (BTC) price held just below $100,000 at the week’s end, falling 7% to roughly $91,000 on Thursday. This milestone has inspired speculation about Bitcoin’s short, medium, and long-term behavior in the face of increased market volatility. Expert Predicts Bitcoin Could Reach $200,000 According to market expert VirtualBacon, while the $100,000 level is noteworthy, it does not represent the pinnacle of Bitcoin’s potential. He refers to the current phase as the “thrill stage,” in which retail investors are motivated by fear of missing out (FOMO) and media hype. Although Bitcoin’s march…
[ad_1] Key Takeaways:The Ethereum Layer-2 ecosystem has grown at a feverish pace, with the total value locked currently over $51.5 billion as of November 2024, up 205% from last year.While L2 addresses Ethereum’s scalability issues, centralization remains an issue, calling for more decentralized solutions.It indicates growing competition between L2s and other high-speed blockchains, including Solana, both as challenges and opportunities for the Ethereum ecosystem.The Rise of Layer-2 NetworksAccording to data from L2Beat, there are 118 Layer-2 scaling solutions listed on the Ethereum network as of December 2024. That is a number indicating great potential and explosion in the handling of…
[ad_1] Dogecoin has been steadily climbing, with its price approaching the critical $0.44848 mark. This consistent upward movement signals that the bulls are firmly in control, pushing DOGE closer to new territory. As the price steadily advances, market attention intensifies, leaving many wondering if this persistent ascent is the beginning of a major breakout. With increased buying pressure and optimism surrounding Dogecoin, can the bulls maintain their momentum and push DOGE past this key resistance level? Bullish Momentum Builds: Can Dogecoin Maintain Its Upward Trend? On the 4-hour chart, DOGE is trading above the 100-day Simple Moving Average (SMA), a…
[ad_1] Este artículo también está disponible en español. In a significant market development, Ethereum (ETH) has surpassed the $4,000 mark for the first time in over ten months, closing the first week of December with a remarkable 40% surge in the weekly time frame. This upswing has been closely tied to a broader rally in the crypto market, particularly with Bitcoin (BTC), which recently reached new all-time highs. Ethereum Surges 61% As ETF Demand Grows According to Bloomberg, Ethereum exchange-traded funds (ETFs) in the United States experienced unprecedented demand, recording a daily inflow of $428 million on Thursday alone. This…
[ad_1] Este artículo también está disponible en español. The Bitcoin price seems to be facing somewhat of a price failure since it crossed above the $100,000 price level. In the few hours after crossing above this psychological threshold, the Bitcoin price faced rejection and corrected until it reached $94,000. Related Reading However, this correction does not necessarily signal a bleak outlook for the world’s largest cryptocurrency, especially as investor sentiment continues to hover in the extreme greed zone. According to technical analysis, the Bitcoin price is still open to climbing well above $100,000 by the end of December 2024. Record…