The recent data on US spot Ethereum ETFs reveals that there was a total inflow of $4.9 million on Monday. This marks a positive uptick in investor interest in Ethereum-related investment products. It is important to note that Grayscale Ethereum Trust (ETHE) experienced no withdrawals on this particular day, a notable occurrence considering the previous
Crypto
The current market conditions are causing significant financial stress for new Bitcoin investors, as indicated by various metrics pointing to a bearish environment. Metrics such as the Short-Term Holder MVRV (Market Value to Realized Value) and the standard deviation (SD) of the short-term holder Cost-Basis highlight the losses that newer market participants are facing on
Sui (SUI) has experienced a significant surge in its price recently, with a remarkable 125% weekly increase. This surge was largely attributed to the launch of Grayscale’s Sui Trust, which provided investors with a familiar product focused on investing in the underlying asset. As a result, SUI is currently trading at around $1, marking a
Ethereum has emerged as a clear winner amidst the recent market downturn, with investors capitalizing on the price weakness to boost the inflows into the cryptocurrency. Data from CoinShares indicated that Ethereum attracted a staggering $155 million in inflows over the past week, bringing its year-to-date total inflows to $862 million – the highest since
Recent data from the cryptocurrency’s futures market has hinted at a potential rally for Ether (ETH). A CryptoQuant analyst pointed out a significant liquidation event that often signals a stabilization of the market and an increase in spot buying pressure. This could potentially lead to a price rally in the near future. ETH experienced a
Binance, the largest cryptocurrency exchange in the world, periodically reviews each digital asset listed on its platform to ensure they meet high standards and industry requirements. When a coin or token no longer meets these standards or if the industry landscape changes, Binance conducts a more in-depth review and potentially delists it. Recently, Binance announced
Last week, Ripple’s XRP experienced a significant price rally, surging by 20% in just one day to reach almost $0.64. This rally also saw its market capitalization surpass $35 billion, signaling renewed interest and optimism in the digital asset. The surge in XRP’s price came shortly after a court ruling in the ongoing Ripple v
Recently, analysts have been closely examining technical indicators and signals to forecast the trajectory of Bitcoin’s price. According to CoinGlass, the liquidity heatmap is currently indicating crucial first-test lines around $56,800. If BTC manages to bounce off this level, it may test higher price points, but a weak bounce could lead to further downside movements.