Shiba Inu, a cryptocurrency, has the potential to rise above $0.0009 if Ethereum reaches the projected price of $166,000 as predicted by Cathie Wood, the CEO of Ark Invest. The influence of Bitcoin (BTC) and Ethereum (ETH), the top two cryptocurrencies by market cap, extends to other digital assets like Shiba Inu (SHIB). In the…

Asset management firm and ETF issuer VanEck recently made public its decision to liquidate its Ethereum Futures ETF (EFUT). Shareholders have until September 16, 2024, to sell their shares on the fund’s listing exchange before they are delisted from trading. It is important for investors to be aware that selling shares before the specified date…

The upcoming year, 2024, holds significant implications for Ethereum, the second-largest cryptocurrency globally. A notable development in this period is the substantial decline in Ethereum reserves on centralized exchanges, a trend not witnessed since 2016. This decrease in reserves coincides with heightened attention on Ethereum’s price volatility. However, beyond the numerical aspects lies a more…

Ethereum has recently experienced a significant drop in price, hitting its lowest point in 2024 with a nearly 8% decline over a 24-hour period, as reported by CoinGecko. The second-largest cryptocurrency fell to $2,193 on Friday, a level not seen since the previous year. In the past week, Ethereum has seen a 13% decrease in…

A rising concern over the dwindling network activity and deflationary dynamics of Ethereum has paved the way for a new contender to invigorate Ethereum’s burning mechanism. Ethervista, a recently unveiled platform drawing inspiration from Solana’s Pump.fun and Tron’s SunPump, has swiftly ascended to become the second-largest burner of ETH in the past seven days. Ethervista…

In today’s digital landscape, the rise of cryptocurrencies has sparked significant interest and debate among investors and financial experts alike. The concept of digital currencies, such as Bitcoin and Ethereum, has revolutionized traditional financial systems and opened up new possibilities for transactions and investments. One key aspect of cryptocurrencies is their decentralized nature, meaning they…

A well-known crypto analyst has indicated that Ethereum (ETH) is at a critical juncture. Michaël van de Poppe, a crypto trader with a substantial following on the social media platform X, has shared insights with his audience regarding ETH’s current position relative to Bitcoin (ETH/BTC). Van de Poppe emphasized the uncertainty surrounding ETH, stating, “ETH…

The recent market turmoil has seen Bitcoin and other major cryptocurrencies, including Ethereum, BNB, Solana, XRP, and Dogecoin, experience significant price declines following a stark warning from Goldman Sachs. The value of Bitcoin has dipped below $50,000 per coin, contributing to an overall crypto market drop below the $2 trillion mark amid concerns about the…

Ethereum traders are closely monitoring the current order book imbalance of 70%, indicating a potentially bullish trend for the cryptocurrency. Despite concerns surrounding Ethereum’s failure to reach a new all-time high in 2024, there is optimism among enthusiasts due to recent developments in the ETH/USDT pair. Data from Hyblock Capital has highlighted a significant bid…

Asset manager VanEck has decided to close its futures-based Ether exchange-traded fund (ETF) due to insufficient demand, as spot cryptocurrency ETFs continue to attract more investments, as announced on September 6. VanEck cited various factors, including performance, liquidity, assets under management (AUM), and investor interest, as reasons for shutting down the VanEck Ethereum Strategy ETF…

Data from the cryptocurrency derivatives market indicates a rising bearish sentiment among traders, with options activity pointing towards expectations of further price drops for major digital assets such as Bitcoin (BTC) and Ethereum (ETH). A recent report from crypto exchange Bybit, in collaboration with analytics platform Block Scholes, highlights a notable increase in implied volatility…

Cryptocurrency has been gaining significant attention in recent years as a digital form of currency that operates independently of a central bank. One of the most well-known cryptocurrencies is Bitcoin, which was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin operates on a technology called blockchain,…