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The recent US regulatory shift toward approving exchange-traded funds for Ether has sparked increased optimism about its potential gains. This development spurred a 26% surge in Ether’s value over the past week, its most significant weekly gain since the 2021 crypto bull market. This surge reflects increasing confidence in Ether’s outlook , especially given the success of US spot-bitcoin ETFs, accumulating $59 billion in assets. However, uncertainties persist regarding investor appetite for Ether compared to Bitcoin, given its lesser-known status. Spot-Ether ETFs may face limited appeal due to their exclusion from staking, dampening interest versus direct token ownership. As with the volatile crypto market, only time will tell if these developments will sustain Ether’s upward trajectory. Biggest Crypto Gainers Today – Top List Starting the week with bullish sentiment, only 36% of cryptocurrencies experienced value gains in the last 24 hours amidst a total trad...

UNI price started a decent increase above the $$10.00 resistance. Uniswap is showing positive signs and might eye more upsides above the $11.75 resistance. UNI started a fresh increase above the $10.00 resistance zone. The price is trading above $11.00 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $9.50 on the hourly chart of the UNI/USD pair (data source from Kraken). The pair might correct gains, but the bulls might eye more upsides above $11.75 in the near term. UNI Price Holds Gains After forming a base above the $8.80 level, Uniswap started a fresh increase like Bitcoin and Ethereum. UNI price gained pace for a move above the $9.20 and $9.50 resistance levels. There was a break above a connecting bearish trend line with resistance near $9.50 on the hourly chart of the UNI/USD pair. The bulls even pushed the price above the $10.50 and $11.20 resistance levels. Finally, the bears appe...

The Bitcoin price has cooled off after surging to as high as $71,000 on the back of the Ethereum ETF approval news last week. Not long after the price spike, the premier cryptocurrency witnessed a correction to $67,000 and appears to be back in a consolidation range. Interestingly, Bitcoin whales seem to be awakening from their slumber, as they have been loading their bags with significant BTC amounts in the past few days. This begs the question – can the returning whales’ appetite push Bitcoin to a new record-high price? Is A Return To All-Time High Imminent? A pseudonymous analyst shared in a CryptoQuant Quicktake post that Bitcoin whales are showing an increased buying appetite and getting active in the market once again. The relevant indicators here are the total whale holdings and a moving average tracking a 30-day percentage change in the balance. ...

May 25, 2024 at 08:19 // Price Author Coin Idol The price of Bitcoin (BTC) reaches the barrier of $71,922, marking the end of its upward momentum. Long-term forecast for the Bitcoin price: bullish According to the latest Analysis by Coinidol.com, the largest cryptocurrency has also completed a modest pullback above $66,400 and is preparing for the second leg of its upward momentum. The retracement is expected to take Bitcoin back to its previous high of $73,666. Today, the BTC price is trading at $68,878 as it resumes its uptrend. Should Bitcoin rise...

On-chain analytics platform Glassnode has provided insights into why the Bitcoin price recently dropped below $70,000 . The platform suggested that the flagship isn’t yet seeing enough demand, which could send its price to new highs.  Demand For Bitcoin Is Still Modest In one of its latest market reports , Glassnode mentioned that “the rate at which new capital is flowing into the Bitcoin network has slowed down considerably from its peak.” They made this assertion based on the Realized Cap metric, which measures the value of each Bitcoin based on the last time it was traded. Glassnode claimed that Bitcoin’s Realized Cap is currently at $574 billion.  Related Reading XRP Price Nears Major Converging Point: Analyst Predicts 3,600% Jump To $20 1 day ago Source: Glassnode The platform further revealed that the injection of liquidity into...

Amidst a significant surge displayed by Dogecoin (DOGE) recently, popular crypto analyst Crypto Daily Trade Signals has identified a symmetrical triangle pattern in the price movements of the crypto asset, indicating a possible continuation of the present rising trend. Based on the expert Analysis , Dogecoin, which has attracted a lot of attention and interest from investors lately, may be preparing to build on its current momentum and make more gains. Significance Of Dogecoin Symmetrical Triangle Pattern A symmetrical triangle chart pattern is a consolidation phase that precedes a forced breakout or decline in price. A new bearish trend begins with a breakdown from the lower trend line, while a new bullish trend begins with a breakout from the upper trend line. Related Reading Dogecoin Successfully Breaks Out Above $0.153, What Next? 1 week ago ...

After the United States Securities and Exchange Commission (SEC) finally approved applications from Nasdaq, Cboe, and NYSE to list exchange-traded funds (ETFs) tied to the price of Ethereum (ETH), certain trades by a US politician have come into the limelight. Specifically, Michael Collins, the US representative for Georgia’s 10th congressional district, disclosed in January 2024 a $65,000 investment in Ethereum, as Finbold reported at the time, and more recently, highlighted by Quiver Quantitave, in an X post on May 24. BREAKING: The SEC has approved spot ethereum ETFs. We recently published a report on numerous purchases of Ethereum by Representative Mike Collins.$ETH has now risen over 140% since he started buying in. pic.twitter.com/fU60aEYJPZ — Quiver Quantitative (@QuiverQuant) May 23, 2024 According to the investment research firm that “scrapes alternative data from across the internet and aggregates it in a free, easy to use platform,” the largest alt...

The cryptocurrency world can sometimes be overly lucky for some people. The vertical primarily serves those who know the intricate details and maneuvering tactics this industry often expects its traders to cultivate. Two lucky whales abided by the industry’s rules, and learned the nuances of the fine timing in the crypto domain, to strike a jackpot with the help of DogWifHat. Per CoinMarketcap, WIF is up 8% in the last 24 hours, trading at a price mark of $3.01. These whales earned $161K by trading WIF tokens. Also Read: What’s Happening Between Peter Schiff And Bitcoin? Whale Accumulates Profits Worth $161K: Here’s What Happened? Source: Coinpedia.org The cryptocurrency world is full of fascinating stories where traders have amassed heaps of fortune in a nick of time. Similar to this, two whales struck heaps of money while trading DogWifHat or WIF crypto tokens. Per the data available on LookOnChain, one whale transacted $1.3 million USDC to purchas...

The Bittensor price surged by 14% in the last 24 hours to trade at $481.15 as of 4.20 a.m. EST on trading volume that jumped 21% to $79.9 million. That made TAO the top gainer on CoinMarketcap among the biggest 100 cryptos by market capitalization. TAO has seen a significant surge as it built up short-term momentum to get above the main DMAs. The popular AI cryptocurrency started to climb in November 2023, which eventually led it to an all-time high at $767, which it reached on April 11. It has since corrected, to a support at $400, and is now trying to use the current market conditions to recover. Recent data showed that TAO is probing for a break above its 50DMA, and if it manages to succeed, it would have no major obstacles on its way back to the $750 mark. However, certain technical indicators suggest that its price might be in for a correction. Bittensor Price Prediction Technical indicators are often a good thing to see in the market situation and to try to predict what will...