Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Ethereum has had a challenging week, declining nearly 6.2% over the last seven days. While many analysts are predicting further corrections, the token has found some stability. In the past 24 hours, the Ethereum price has seen a modest increase of 0.1%, remaining in neutral territory. Although this slight uptick doesn’t drastically change the situation, a combination of on-chain and chart indicators suggests that something noteworthy may be developing. Short-Term Holders Step Back In A sign of renewed vitality is visible in short-term wallets. These addresses usually hold ETH for a brief period before selling. After weeks of reducing their…
Crypto sentiment shifted back to “Greed” on Saturday, buoyed by positive remarks from US Federal Reserve Chair Jerome Powell that sparked speculation about a potential rate cut in September.The Crypto Fear & Greed Index rose to a “Greed” score of 60 on Saturday, gaining 10 points from Friday’s “Neutral” score of 50, after briefly dipping into Fear earlier in the week.The Crypto Fear & Greed Index returned to Greed on Saturday following hints of rate cuts from Federal Reserve Chair Jerome Powell. Source: alternative.meThe uptick followed Powell’s remarks at the annual Jackson Hole economic symposium on Friday, where he stated…
Bitcoin is still trading below its recent peaks, continuing a pullback that started after reaching an all-time high exceeding $124,000 last week. Currently, the cryptocurrency is valued at approximately $115,347, marking a 7.7% decrease from its peak and a 3% drop over the last week. This downturn suggests a loss of momentum, with market data indicating dwindling demand from buyers across major exchanges. Recent analysis from CryptoQuant’s QuickTake platform reveals that the decline is closely linked to changes in activity on Binance, the largest crypto exchange globally by trading volume. The analyst operating under the alias Arab Chain pointed out…
The Congress of the Philippines is considering a proposal that could lead the nation’s central bank to establish a strategic reserve of 10,000 Bitcoin, positioning it as one of the first in Southeast Asia to treat Bitcoin as a strategic asset.A bill introduced by Camarines Sur Representative Migz Villafuerte in June made headlines recently, as it seeks to require the Banko Sentral ng Pilipinas (BSP), the country’s central bank, to acquire 2,000 Bitcoin (BTC) each year over five years.The bill, dubbed the “Strategic Bitcoin Reserve Act,” aims to direct the BSP to acquire 10,000 Bitcoin, valued at approximately $1.1 billion…
The surge of Ethereum past $4,800 resulted in approximately $388 million in liquidations related to the token over the last 24 hours, according to data, marking a significant liquidation wave across all crypto assets.This liquidation event was part of a broader $769 million wiped from the market, with more than 183,000 traders compelled to exit their positions. The largest individual liquidation was a $10 million ETH swap order on OKX, representing an unusually substantial amount for the token, which typically follows bitcoin positions.Such liquidations highlight the volatility and fragility of market positioning in cryptocurrency. When traders engage with leverage and…
Meme token ascends to a high of $0.24, with trading volume nearly doubling monthly averages, indicating strong institutional involvement in the rally.News Background• The Federal Reserve indicated a softer approach to cryptocurrency banking regulations, while Wyoming introduced the first state-backed stablecoin. These events bolstered sentiment toward digital assets.• A Trump-affiliated entity, Thumzup, completed a $50 million purchase of Dogecoin mining firm Dogehash, creating what executives claim is the largest DOGE mining operation.• SoFi became the first banking institution in the U.S. to adopt Bitcoin’s Lightning Network for remittances, further supporting institutional crypto infrastructure integration.• Whale wallets added 680 million DOGE…
XRP and Solana are demonstrating renewed strength, with traders citing both institutional inflows and technical patterns as potential triggers for a new rally.XRP has regained its position above $3 after briefly falling below its 50-day moving average this week, when whale selling pushed the token down to $2.72. The rebound has traders looking for a breakthrough at $3.10, which could signal a potential rise to $4.“Given the institutional uptake, ODL usage, and optimism surrounding ETFs, the possibility of reaching $3 to $5 in price levels remains plausible by the end of the year,” noted Ryan Lee, chief analyst at Bitget,…
Key insights:Ethereum has surged over 250% from April’s lows.Fed Chair Jerome Powell’s dovish remarks are driving the ETH price increase.Bitcoin’s dominance in the crypto market has fallen below 60% for the first time since March.Ethereum’s native token, Ether (ETH), achieved a new all-time high on Friday, exceeding $4,867 on Coinbase for the first time since November 2021.Ether price rises 250% since AprilETH experienced a spike of around 14% on Friday, coinciding with Federal Reserve Chair Jerome Powell’s indication of a potential 25 basis point interest rate cut in September. This results in ETH’s gains surpassing 250% compared to its April…
Key takeaways:Spot Ether ETFs experienced record inflows of $7.88 billion in July and August, pushing custodial holdings to 6.42 million ETH.ETH reached $4,650 after a 10% surge following Powell’s suggestion of a potential rate cut in September.Ether surges 10% post-Powell’s Jackson Hole addressOn Thursday, Ether surpassed the $4,350 resistance, testing the supply zone between $4,550 and $4,650 after Federal Reserve Chair Jerome Powell hinted at a possible rate cut in September, triggering a strong response across risk assets.Powell’s comments indicate a shift in policy, noting that the balance of risks “may warrant adjusting policy.” He pointed out increasing downside risks…
Disclosure: The opinions and viewpoints shared here are those of the author alone and do not reflect the views or opinions of crypto.news’ editorial team. A significant milestone for Bitcoin (BTC) occurred in early 2024 when the U.S. Securities and Exchange Commission approved multiple spot Bitcoin exchange-traded funds. This regulatory achievement not only impacted markets but also helped establish Bitcoin’s legitimacy in the realm of traditional finance, paving the way for institutional engagement and corporate treasury adoption. Summary Bitcoin adoption is a narrative, not merely a strategy: Incorporating BTC into the balance sheet signals a company’s perspective on risk, innovation,…