Ethereum (ETH) price yesterday surpassed the $3,000 threshold for the first time since April 2022. However, amidst the celebratory fireworks of the cryptocurrency community, renowned Bitcoin ETF expert Fred Krueger expressed a starkly contrasting opinion. Kruger, a Wall Street veteran and prop trader, took to Why Ethereum is “completely out of touch with reality” Krueger’s comments come at a time when the cryptocurrency market is witnessing a resurgence of investor interest, with Ethereum leading the pack following recent price gains. Nonetheless, Krueger points out a worrying trend in the use of the Ethereum blockchain. ETH is completely out of touch…
Author: Crypto Flexs
Read More
Ethereum price rose further and broke the $3,000 resistance line. ETH is still showing positive signs and may extend its gains to $3,120. Ethereum continued its upward trend above the $2,980 and $3,000 levels. The price is trading above $3,000 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trendline with support at $2,950. The pair may continue to rise towards the $3,120 resistance zone. Ethereum price rally extends Ethereum price established a base above the $2,850 level and began another rise. ETH broke through the $2,920 resistance zone and…
The Hong Kong Monetary Authority (HKMA) recently issued an important new circular regarding cryptocurrency storage platforms. Aimed at authorized entities (AIs), this guidance outlines a comprehensive framework for providing custody services for digital assets. As a result, interest in digital asset trading and management service platforms has reached new heights as the cryptocurrency sector has made significant progress in Hong Kong. The Hong Kong prototype aims to store cryptocurrency. The HKMA’s circular is a pivotal step towards ensuring strong protection and proficient management of customer digital assets and establishing a set of standards and guidelines for AI to follow. The…
Worldcoin has had a huge rally, but it could revert much of its recent gains. The alignment of FVGs with order blocks presented an interesting area of interest for buyers. WorldCoin (WLD) has recorded a 270% return over the past two weeks. The $3.8 range was expected to act as a resistance line, but the WLD uptrend did not stop there when it broke through the $2.6 resistance line. Instead, buyers could extend this resistance right up to the $8 level. This highlighted strong buying pressure and strong bullish confidence. Fibonacci retracement levels could play an important role in the…
February 20th Bitfinex Alpha | Bitcoin’s bullish momentum still holds true Post time: 14:53h On Bitfinex Alpha Posted by Tammy Bitcoin showed strong resilience this week, hitting new highs this year despite (or perhaps because of) higher-than-expected CPI and PPI data that continued to drive inflows into the Bitcoin ETF trading space. At $52,700, BTC is up 25% since the beginning of the year and 207% from its November 2022 low. This leaves BTC 28.6% below its all-time high, with supply limited while demand increases even at higher prices. In addition to the continued flow of funds into spot Bitcoin…
Less than a week after VanEck announced that it would lower the fees it charges on spot Bitcoin ETFs, the investment manager’s fund has seen a huge surge in trading volume.On Tuesday, VanEck’s Spot Bitcoin ETF topped $300 million in trading volume as of 1:50 PM ET. This is more than 10 times the volume on our best day to date. VanEck’s cryptocurrency-backed ETF hit an all-time high of $25.5 million in daily trading volume when it launched on January 11, according to Yahoo Finance data compiled by The Block.Bloomberg Senior ETF Analyst Eric Balchunas went to To express surprise…
VanEck’s spot Bitcoin ETF saw its average daily trading volume increase 14x the day before the company implemented a fee cut, reducing the cost of entry from 0.25% to 0.2%. According to Bloomberg’s Eric Balchunas, the VanEck Bitcoin Trust ETF (HODL) recorded over $258 million in trading volume from 32,000 individual traders on February 20th. Balchunas noted that VanEck’s trading volume and number of traders are well above the average for the company’s new exchange-traded fund. I have never seen such a sudden explosion of grassroots deals. Eric Balchunas of X According to Yahoo Finance, VanEck’s previous high was about…
The internet has been quieter than usual, but we’ve been very busy hacking eth2! Between focusing on Devcon5 and our work, we seem to have left the community in the dark about a few items. Here’s a quick update to fill in the gaps: deposit agreement Even though the deposit contract has been completed written, Tested.and officially confirmed, we are working to ensure that BLS standardization is stabilized prior to launch. One of the goals of eth2 is to be able to easily interoperate with other blockchains and systems in general. To that end, we don’t want BLS signatures to…
Bitcoin price surged towards the $53,200 resistance level. BTC is trading in a key range and is still holding gains above the $50,000 support area. Bitcoin price is struggling to break the $52,500 resistance zone. The price is trading below $52,400 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a bearish trend line attached, forming at resistance $52,300. The pair may decline towards the $51,600 support before attempting a new rally. Bitcoin price is holding steady Bitcoin price made another attempt to gain strength above the $52,200 resistance zone. BTC…
Are you tired of long airport lines, cramped seats, and the hassle of commercial air travel? BitLux offers a luxury alternative through its private jet travel services. With years of experience in the industry, BitLux provides customers with unparalleled service, unparalleled convenience and the ultimate luxury experience. Why choose BitLux? BitLux is committed to providing the highest level of service and comfort to our customers. Their private jets are meticulously maintained and equipped with every amenity imaginable. From spacious seating to gourmet catering, every detail has been carefully considered to ensure a luxurious and stress-free travel experience. Benefits of private…