Bitcoin’s price crashed by over 5% below $60,000 on Wednesday amid a market selloff impacting the broader crypto and stock markets. Bitcoin (BTC) began the day trading for roughly $63,700 per coin. Its price began sinking drastically starting at 1:40 PM UTC, and has plummeted to $59,950 as of 4:45 PM UTC. It trades for $60,475 at press time. Meanwhile, the price of Ethereum (ETH) has slid back under $3000 to just $2950 at writing time. The S&P500 and Nasdaq 100 have...
Read More »Bloomberg Analyst Issues a Warning for the Upcoming Hong Kong Bitcoin, Ethereum ETFs
Hong Kong regulators recently approved spot Bitcoin and Ethereum exchange-traded fund applications, but Bloomberg ETF analyst Eric Balchunas predicts that the local ETF market may not perform as well as the US due to the current lack of big players and the possibility of high fees. According to Balchunas, the Hong Kong Bitcoin and Ether ETF market may generate $500 million in inflows, which is small compared to the over $15 billion from BlackRock’s spot Bitcoin ETF product...
Read More »BAYC Floor Price Plummets 90% in 2.5-Year Span
The Bored Ape Yacht Club (BAYC), formerly a leading Ethereum non-fungible token (NFT) market collection, has witnessed a significant decrease in its floor price. This downturn signifies a reduction exceeding 90% from its historical peak, noted approximately two and a half years ago. BAYC is nearing a sub-10 NFT floor price, a development attributed to a 50% decline since March 1st alone. BAYC Floor Price Plummets Below 11 ETH According to data from NFT Price Floor, on Monday,...
Read More »Crypto’s Comedy of Errors: 2 Out of 5 Richest Whales Stranded Without Access
Arkham’s latest data revealed that the top five identified crypto whales with publicly known wallet addresses collectively hold approximately $3.5 billion in digital assets. A few sit on a digital treasure trove but have no way to access it. Locked Out of Crypto Fortune This list features some of the most prominent names in the industry, with figures like TRON’s Justin Sun, LHV Bank’s Rain Lõhmus, Ethereum’s Vitalik Buterin, German-born programmer and former Ripple CTO Stefan...
Read More »Ethereum (ETH) Tops a Notable Ranking, Surpassing Popular Altcoins and Meme Coins
TL;DR Ethereum (ETH) leads in a particular ranking following the approval of Ethereum ETFs in Hong Kong. Despite this success, the asset’s price has recently declined by 5% in 24 hours and 15% weekly, with analysts indicating critical levels for potential recovery in its value. ETH Ranks First The market intelligence platform Santiment revealed that Ethereum (ETH) has garnered much attention lately, experiencing the fastest rise in discussion rate in the crypto community....
Read More »Ethereum Price Analysis: ETH Revisits Support As Bears Take Control
Ethereum price is struggling below the $3,400 resistance against the US Dollar. ETH price is now trading below $3,320 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $3,200 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $3,200 and $3,320. Ethereum price is declining below $3,400 against the US Dollar. ETH/USD remains at a risk of more downsides if it...
Read More »Germany’s Largest Bank to Offer Crypto Custody Arena with Bitpanda
Landesbank Baden-Württemberg (LBBW) – Germany’s largest federal bank – is poised to offer digital asset custody services and has teamed up with the crypto exchange Bitpanda. The main goal is to meet the increasing demand for digital asset management among institutional and corporate clients and it is scheduled for release in the latter half of 2024. According to the official announcement, LBBW will leverage Bitpanda Technology Solution’s advanced “Investment-as-a-Service”...
Read More »LBBW: Bitcoin-Partnerschaft mit Bitpanda
Die LBBW hat eine strategische Partnerschaft mit Europas führender Krypto-Plattform Bitpanda geschlossen. Im Rahmen dieser Kooperation wird der LBBW eine „Investing-as-a-Service“-Infrastruktur zur Verfügung gestellt, die unter anderem der Verwahrung und Beschaffung von Kryptowährungen wie Bitcoin, Ethereum und anderen digitalen Vermögenswerten dient. „Mit der Verwahrung von Krypto-Assets positionieren wir uns mit einem klaren Mehrwert bei unseren Unternehmenskunden – unter Gewährleistung...
Read More »Why Another Bitcoin Price Dump Is Still Likely: CryptoQuant
Bitcoin’s price may be due for another correction despite a strong recovery from its weekend dump to $61,000, according to analysts at CryptoQuant. In a community “quicktake” posted on Monday, Bitcoin and Ethereum trader GAAH noted that the prevailing bullish market sentiment may be getting too hot based on information from the perpetual futures market. Is Bitcoin Still Overheated? As the analyst noted, average 30-dy funding rates remain high for Bitcoin, even after its...
Read More »Welche Bitcoin-Börse ist die richtige für mich?
Mit dem steigenden Interesse an Kryptowährungen wie Bitcoin wächst auch die Vielfalt der Handelsplattformen, auf denen man diese digitalen Vermögenswerte kaufen, verkaufen und handeln kann. Doch bei der Auswahl der richtigen Bitcoin-Börse gibt es viele Faktoren zu berücksichtigen, angefangen von Sicherheitsaspekten über Gebührenstrukturen bis hin zu Benutzerfreundlichkeit und verfügbaren Handelsoptionen. Hier sind einige wichtige Überlegungen, die Ihnen helfen können, die richtige...
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Ethereum (ETH)
