Étiquette : ethereum

Ethereum at a Crossroads: Will It Fall to $2.2K or Rally to $3.3K After Bybit’s Turbulence?

Ethereum at a Crossroads: Will It Fall to $2.2K or Rally to $3.3K After Bybit’s Turbulence?

Breaking News, Crypto
Edited by Matt Waller Crypto markets remain in flux as Ethereum (ETH) grapples with heightened volatility amid aggressive exchange actions and mixed whale sentiment. With technical indicators pointing to a potential dip toward $2.2K or a rally to $3.3K, investors are closely watching key support and resistance levels as Bybit’s recent market moves add further uncertainty. Key Points: Technical Setup: ETH is currently trading around $2,662, with support expected between $2,560 and $2,600. A breach could drive prices to approximately $2.2K, while sustained moves above $2,800 might trigger a rally toward $3.3K. Bybit Activity: Over the weekend, Bybit purchased more than 100,000 ETH, but an increase in supply on centralized exchanges is sparking fears of fu...
Crypto Investment Outflows Surge Amid US Policy Uncertainty

Crypto Investment Outflows Surge Amid US Policy Uncertainty

Breaking News, Crypto
Edited by Matt Waller Investors are pulling back from crypto investment products amid growing uncertainty over US economic policy. Over the past week, a reported $508 million was withdrawn from digital asset products, bringing the two-week total to an astounding $924 million. The sell-off coincides with heightened concerns over trade tariffs, inflation, and shifts in monetary policy following the presidential inauguration. Key Points: Total Outflows: Crypto investment products saw $508 million in withdrawals last week, totaling $924 million over two weeks. Bitcoin Under Pressure: Bitcoin experienced heavy selling pressure with outflows reaching $571 million and investors shorting $2.8 million in positions. Altcoin Inflows: In contrast, XRP led the altcoi...
Ether ETFs Gain $393M While Bitcoin ETFs Shed $376M

Ether ETFs Gain $393M While Bitcoin ETFs Shed $376M

Breaking News, Crypto
Edited by Matt Waller A notable shift in investor sentiment is underway as Ether (ETH) ETFs in the United States have attracted a net inflow of $393 million this month, while Bitcoin (BTC) ETFs faced a significant outflow of $376 million. This divergence underscores a growing preference for Ethereum-based products among market participants, even as both cryptocurrencies navigate a volatile trading environment. Divergent ETF Dynamics Recent figures from Farside Investors reveal a striking contrast between Ether and Bitcoin ETF performance. The nine U.S.-listed Ether spot ETFs recorded inflows that were seven times higher compared to January, experiencing outflows on just two trading days during the month. In comparison, the 11 Bitcoin ETFs only managed to attract in...
Ethereum Pectra Upgrade: A New Dawn for Network Performance and Market Optimism

Ethereum Pectra Upgrade: A New Dawn for Network Performance and Market Optimism

Crypto
Edited by Sara Likoli Ethereum is on the brink of a transformative evolution as it prepares to launch its highly anticipated Pectra Upgrade. This groundbreaking update, slated for an official mainnet rollout in April, promises to enhance everything from scalability and user experience to staking efficiencies. With its innovative blend of improvements derived from previous upgrades—namely Prague and Electra—Pectra is poised to redefine Ethereum’s technological landscape and potentially catalyze a renewed market surge. Key Points Testing Milestones: Pectra enters beta testing on February 24 on the Holesky testnet, with a subsequent evaluation on the Sepolia testnet by March 5. Launch Timeline: Pending successful tests, Ethereum’s Pectra Upgrade is on track for a main...
BlackRock’s Major Ethereum Acquisition: $276.16 Million Investment Boosts Its Crypto Portfolio

BlackRock’s Major Ethereum Acquisition: $276.16 Million Investment Boosts Its Crypto Portfolio

Crypto
Edited by Matt Waller BlackRock has made a landmark move by purchasing $276.16 million worth of Ethereum (ETH) on February 4. This decision is a clear signal of the asset manager’s growing commitment to digital assets. The acquisition adds to a series of recent purchases and highlights the increasing interest of institutional investors in cryptocurrencies. Key Points Significant Investment: BlackRock acquired $276.16 million in Ethereum on February 4. Series of Purchases: Earlier transactions on January 31 and February 1 added up to 41,790 ETH worth $128.3 million. Previous Mega Acquisition: In December, BlackRock and Fidelity together purchased $500 million of Ethereum via Coinbase Prime. Institutional Momentum: BlackRock’s involvement began with its ETF...