Ethereum over the last several weeks finally began to gain some strength against Bitcoin and other top performing cryptocurrencies. But in the past few weeks, the upside has since been almost entirely erased. The up – then right back down – price action has formed a potential bearish Japanese candlestick reversal signal. Will ETHUSD continue
Celsius Networks, currently undergoing bankruptcy proceedings, has engaged in significant Ethereum transactions that are causing ripples within the digital currency landscape. In the past 10 hours, on-chain analysts at LookonChain detected noteworthy transfers, including a 13,000 ETH deposit ($30 million) on Coinbase and an additional 2,200 ETH ($5 million) on FalconX. These transactions suggest a
Now that Spot Bitcoin ETFs have been approved by the United States Securities and Exchange Commission (SEC), the crypto space anticipates more ETFs to enter the market, particularly Spot Ethereum ETFs. Despite this, analysts at JP Morgan, an American multinational financial service firm, have revealed a less than optimistic outlook for the potential approval of
Since Ethereum (ETH) peaked at $2,717 in the last two weeks, the asset has experienced a gradual decline, culminating in its arrival at a key demand zone, which could be instrumental in determining its imminent price trajectory, according to a prominent crypto analyst. Critical Support Zone Flags Continuous Bearish Move Renowned crypto analyst Ali has
An analyst has explained that the latest cooldown in the Ethereum futures market could suggest there is potential for a price rise to resume for ETH. Ethereum Funding Rates Have Seen A Decline Recently An analyst in a CryptoQuant Quicktake post explained that the ETH funding rates have seen a cooldown from their previously overheated
The Ripple ecosystem has been experiencing significant growth, achieving new milestones in its expansion into different regions and sectors. The cryptocurrency payments network may have scored one of its best achievements yet in 2024, as reports reveal that the United States banks are potentially gearing up to integrate XRP for international payments. Ripple Set To
In the world of cryptocurrencies, XRP has once again captured the attention of market enthusiasts with a surge in whale activity. The movement of a staggering 26.8 million XRP tokens has sparked speculation among traders and investors alike. Blockchain data tracked by Whale Alert, a renowned tracker of large cryptocurrency transactions, revealed that an unknown
In a recent development, Ripple has filed a response to the Securities and Exchange Commission’s (SEC) motion to compel. As part of its argument, the crypto firm laid out two reasons why the court should not grant the Commission’s request. Ripple Says SEC’s Requests Are “Untimely” In the letter addressed to Judge Sarah Netburn, Ripple’s
Pro-XRP legal Bill Morgan has weighed in on recent discussions revolving around whether or not Ripple has the rights to sell its XRP tokens. Citing Judge Analisa Torres’ ruling, the lawyer provided insight into how Ripple can make these sales without first registering these tokens with the Securities and Exchange Commission (SEC). Ripple Has The
Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, has opened up about the prospects of making Ripple public through an Initial Public Offering (IPO). However, he revealed that such a move is not presently a priority for the company, citing the unfavorable regulatory environment in the United States. Ripple CEO Weighs Prospects Of An IPO
Ripple’s XRP, once basking in the glow of last week’s gains, has plunged back into the doldrums as massive selloffs and whale movements ignite a storm of uncertainty. At the center of the turbulence lies a colossal 80 million XRP transfer by Ripple itself, sending shockwaves through the community and raising legal eyebrows. The staggering
Péter Szilágyi, an Ethereum (ETH) developer, has lauded EIP-1559 and its ETH burning mechanism as “the great equalizer.” Taking to X on January 16, Szilágyi admired EIP-1559’s ability to “level the playing field between validators and regular users.” Developer: EIP-1559 Is A “Great Equalizer” Since the implementation of EIP-1559, Ethereum adjusted how users bid gas fees,
The sentiments around Ethereum look to be very bullish at the moment as the second-largest crypto token by market cap has seen its dominance surge against Bitcoin. Ethereum’s rise against the flagship crypto token is also significant, as crypto analyst Jaydee recently suggested that it could usher in the altcoin season. Bullish Predictions For Ethereum’s
David “JoelKatz” Schwartz, the Chief Technology Officer (CTO) of the payment firm Ripple Labs, has weighed in on several community questions regarding the missing genesis block on the XRP Ledger. Ripple CTO On Missing Genesis Block Schwartz took to the social media platform X (formerly Twitter) to address the issues behind the XRP ledger’s missing
Amidst the lull in the realm of Bitcoin, Ethereum emerges as a trailblazer, confidently charting its course. While the crypto king takes a breather following its ETF approval, Ethereum, undeterred, is experiencing a surge in both price and dominance, propelled by an influx of new users and the prevailing trend of self-custody. Recent data from
Amidst a volatile crypto market, Ethereum (ETH) is gaining momentum, outperforming its long-time rival Bitcoin (BTC). According to Kaiko data, the ETH/BTC ratio has steadily risen, rebounding from multi-year lows. ETHBTC ratio trend | Source: Kaiko on X ETH/BTC Ratio Rising, ETH Momentum Building The ETH/BTC ratio technically gauges market sentiment towards these two leading crypto.
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