Tag Archives: ethusd

S&P Dow Jones Indices has launched three new cryptocurrency indices. The S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index (a combination of Bitcoin and Ethereum) will allow retail traders to easily gain exposure to these two behemoth cryptocurrencies. A Long-Awaited Move People have been waiting for a traditional finance product that tracks cryptocurrency prices for a long time. S&P announced last year that a cryptocurrency index would...

Billionaire investor Mark Cuban has come a long way from claiming that he would prefer bananas over BTC to outlining the cryptocurrencies’ benefits over traditional finance. In a recent Twitter post, he highlighted the strengths of Bitcoin, Ethereum, and even Dogecoin. Mark Cuban on BTC and ETH Cuban, a prominent investor and a star of the hit reality TV show Shark Tank, was among the many who doubted the merits of the cryptocurrency industry for a while. Previously, the...

ETH/USD – Bulls Explode Past $3000 To Set New ATHs At $3200 Key Support Levels: $3075, $3000, $2825.Key Resistance Levels: $3225, $3325, $3400. Ethereum saw an impressive 7.5% price hike today, breaking past $3000 and reaching as high as $3200. The coin is now up by a total of 36% over the week after surging above a symmetrical triangle pattern last week. From the breakout, ether continued to set new ATH prices each day until hitting resistance at $2800 last Thursday. This...

The popular cryptocurrency wallet MetaMask warned its customers of a new phishing bot that attempts to get their seed phrases. According to the team, the fraud tries to lead users to a so-called ”instant support” portal where they are prompted to enter information into a Google Docs form. The New Scam MetaMask – a project focused on Ethereum-based tools and infrastructure – tweeted today (May, 3rd) revealing a new fraud that attempts to harm users of the platform. The...

The second-largest cryptocurrency by market cap continues with its impressive 2021 performance by registering yet another record. This time, ETH skyrocketed to another rounded-number milestone of $3,000. Ethereum entered the new year at $760 after an impressive surge throughout 2020, in which, its lowest price was approximately $90 at mid-March, following the COVID19 financial crash. The high demand for the ETH token, together with the ongoing crypto bull run, eventually led...

WisdomTree Investments, a NY-based fund manager, has launched a physically-backed Ethereum ETP on two European stock exchanges through its local subsidiaries. This becomes the organization’s second crypto-related ETP released in the past month, after an exchange-traded product following the performance of Bitcoin. WisdomTree’s ETH ETP Live in Europe Headquartered in New York, WisdomTree Investments is an exchange-traded fund and exchange-traded product sponsor, and an asset...

After reaching a new two-week high of over $58,500, bitcoin has retraced slightly and currently trades around $57,000. Most altcoins have also marked minor losses on a 24-hour scale. Ethereum is among the few exceptions as ETH is closing down to $3,000. Bitcoin Stalls Around $57K As CryptoPotato reported yesterday, the primary cryptocurrency finally produced more decisive moves upwards. After trading in a range of around $54,000, bitcoin initiated an impressive leg up that...

Following several days of consolidation around and beneath $55,000, bitcoin finally made a move and jumped above $58,000. Despite new records for Ethereum and Binance Coin, BTC actually managed to reclaim some of its recently lost market dominance. Bitcoin Adds $6K in Two Days While the altcoin market was producing impressive price pumps lately, bitcoin seemed stalled at best. The primary cryptocurrency had recovered from its April slumps that drove it below $50,000 but had...

The past week has been overall very favorable for the cryptocurrency market. The total capitalization grew to $2.15 trillion, which is a 17% increase. Most of it came from altcoins, however. At the time of this writing, bitcoin’s price trades at around $56,000 following a quick spike. It’s up 9% on the week and managed to recover some of the losses of the previous seven days. In general, the overall trajectory for BTC has been quite positive. It started the week at slightly...

The crypto market recovered this week, but bitcoin seems unable to catch up with the momentum that alts are currently getting. This is perfectly visible in the below chart, showing that large-cap altcoins outperformed it, dollar-wise, substantially. Bitcoin Bitcoin saw a small 5.4% price hike over the past seven days as it currently sits around $54,300. It found support at $47,000 (.5 Fib) on Sunday and rebounded from there to close the daily candle around $49,000. On...