Ethereum

Ethereum and bitcoin. Jordan Mansfield /Getty Images Institutional investors are shying away from bitcoin futures as views on the top cryptocurrency soften, JPMorgan said. In September, bitcoin futures have traded below the price of an actual bitcoin, analysts said. Big investors have begun steadily pivoting to ethereum since August amid a “strong divergence in demand.” Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Big-money investors are… Source link

The total amount of Ether (ETH) held by all the crypto exchanges fell to its lowest levels, just as its prices rose back above $3,000 per token on Sept. 23. Data collected by CryptoQuant, a blockchain analytics platform, showed that exchanges’ net Ethereum token reserves dropped to 18.533 million ETH, compared to 23.92 million ETH a year ago. Meanwhile, the cost to purchase one Ether rose from almost $349 to as high as $3,078, showcasing an inverse correlation between ETH reserves on… Source link

Ethereum price is back in favor of the bulls after clawing back with two consecutive days of profit.  A favorable tailwind is emerging in cryptocurrencies after the more dovish FOMC decision.  Expect a return toward $4,000 in a matter of weeks for ETH. Ethereum (ETH) was in a correction phase at the beginning of the week. As the dust settles on a few global issues though, favorable tailwinds are emerging and helping bulls make a full recovery of the past two… Source link

Text size Bitcoin, Ethereum and Ripple coins. Josefkubes/Dreamstime Ethereum climbed above… Source link

Text size Bitcoin, Ethereum and Ripple coins. Josefkubes/Dreamstime Ethereum climbed above $3,000 early on Thursday, as… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading nearly 4.2% higher on Thursday morning. The price was around $43,965 per coin, while rivals Ethereum and Dogecoin were trading around $3,115 (+6%) and 22.3 cents (+6%) per coin, respectively, according to Coindesk. Dapper Labs closed a $250 million funding round, the company behind NBA Top Shot and the Flow blockchain said Wednesday. TIGER WOODS, AUTOGRAPH, DRAFTKINGS LAUNCHING EXCLUSIVE NFT COLLECTION Coatue led the… Source link

Ether (ETH) price fell below the $3,000 support on Sept. 20 as global markets entered a risk-aversion mode. The Invesco China Technology ETF (CQQQ) closed down 4.2%, while the SPDR S&P Metals and Mining ETF (XME) lost 3.8%. Some analysts pointed to the potential ripple effects of the default of Evergrande, a major Chinese real estate company. In contrast, others blame the ongoing debates over the debt limit in Washington as the catalyst for this week’s volatility. As a result, the CBOE… Source link

Ethereum 2.0 is still far on the horizon. Scheduled to occur in 2022, the project has experienced numerous delays that have pushed back its release date further. This has although not been a deterrent for investors in Ethereum to invest their coins on the network. The amount of staked coins on the network has been on a steady rise, especially in 2021. Accelerated by the mostly green trends that the market has enjoyed this year. Related Reading | SEC Is Too… Source link

Ethereum’s native token Ether (ETH) rates may fall to a two-month low after it slid below support at around $2,954, based on a classic trading pattern. The $2,954 level represents a so-called neckline constituting a head and shoulders setup. In detail, the said support level appears to be a floor to three peaks, with the middle one (HEAD) higher than the other two (SHOULDERS). A breach below the $2,954 level signals a trend reversal, suggesting that ETH/USD may fall by a length equal to the… Source link

‘Cryptocurrency Investing for Dummies’ author Kiana Danial provides insight into the cryptocurrency sell-off.  Bitcoin continued bouncing between losses and gains dipping as low as the $40K level over the past 24 hours before moving back above the $43K level midday.    (Courtesy: Coindesk ) The volatility in crypto trading continued even as U.S. stocks moved to recover some of the losses from Monday’s China-driven selloff.  Ticker Security Last Change Change % I:DJI DOW… Source link