Ethereum pulled off an incredible coup, surpassing Bitcoin by 14% in just two weeks. The digital currency this week broke a major psychological barrier by surpassing $2,600 for the first time since May 2022. Driven by strong fundamentals and increasingly bullish sentiment, this decisive breach could pave the way for Ethereum to rise to the coveted $3,000 level. Ethereum Violates Serious Psychological Barriers The $2,600 level was not just a resistance point. This represents a significant psychological hurdle for Ethereum. A break above this level not only confirmed the ongoing upward trend, but also triggered a series of technical buy…
Author: Crypto Flexs
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Eric Balchunas, senior ETF analyst at Bloomberg, predicts that asset manager Vanguard’s rigid stance on a physical Bitcoin exchange-traded fund (ETF) may be easing. Known for its conservatism, Vanguard has recently gained notoriety for keeping a significant distance from Bitcoin (BTC) and other digital currencies due to the volatility in the sector. But Balchunas suggests that the Valley Forge, Pa.-based company may be moving in the opposite direction as wealth expands and the need for diversified investments grows. Vanguard, which manages about $7.7 trillion worth of assets, is likely to reevaluate its positions on alternative assets, such as spot Bitcoin…
Bitwise revealed that $238 million of funds flowed into its spot Bitcoin exchange-traded fund on its first day of trading. bloomberg data.This was the largest set of inflows, with Fidelity recording inflows of $227 million and BlackRock netting $111 million, according to preliminary data. However, this data may change and these numbers may increase.Currently, this represents total inflows of $721 million across ETFs. This excludes Valkyrie’s spot Bitcoin ETF and Grayscale. Bitcoin BTC -0.37% trust. Significant leaks in grayscale can weaken the overall numbers.”congratulations (by bit) “He won the first day of the Cointucky Derby with a flow of $238…
art blocks Founder and CEO Erick “Snowfro” Calderon has long been skeptical about bringing his creations (digital works of art created with generative code) into the physical realm.“As someone who has been making digital art for a while, seeing digital art in print doesn’t always translate,” Calderon said in an on-stage conversation with Benny Redbeard Gross at Rug Radio’s R Haus event at Art Basel Miami last December.This hesitation particularly applied to Calderon’s first generative art collection, Chromie Squiggle. Chromie Squiggle put Art Blocks on the map with the collection of 10,000 NFTs he created in 2021, sowing the seeds…
The launch of the first Bitcoin exchange-traded fund (ETF) in the United States was a landmark event for the cryptocurrency industry. These ETFs provide an easy way for mainstream investors to gain exposure to Bitcoin price fluctuations by purchasing stocks that track the cryptocurrency. Ahead of the approval, Bitcoin surged from around $42,000 to nearly $49,000 as expectations grew. key point After the spot Bitcoin ETF was approved, the price of Bitcoin surged to nearly $49,000, but quickly erased all the gains. Coinbase Premium, which measures the difference in buying/selling behavior between Coinbase and Binance, turned negative after being positive…
The Hong Kong Virtual Asset Consortium (HKVAC) has updated its cryptocurrency indices, bringing significant changes to the top 5 and top 10 cryptocurrency indices. In particular, XRP was excluded from the world’s top five cryptocurrency indices, replacing Solana.Solana’s Ascension and Tron’s RestorationSolana’s emergence as the fourth-largest cryptocurrency by market capitalization last month was a key factor in its inclusion in the HKVAC index. Meanwhile, Tron showed a remarkable recovery, overcoming the decline in the 2018-2020 bear market and rebounding 100% in 2023.AVAX’s growing appealAvalanche (AVAX) replaced TRON in the index, partly due to its growing appeal within the traditional financial…
Crypto analyst and trader Ali Martinez said one Ethereum (ETH) rival could soar even higher after making big gains. Martinez says 40,300 followers on social media platform “Solana is breaking out of the bull flag that appeared on the 4-hour chart. A sustained close above $106 could trigger a 47% rally that would push SOL into the $150-$165 price range.” Source: Ali Martinez/X Solana is trading at $100 at the time of this writing, up 476% from four months ago. Next, traders believe memecoin Pepe (PEPE) is headed higher. “PEPE appears to be breaking out of a descending parallel channel,…
Cryptocurrencies have taken the financial world by storm in recent years, and one of the hottest new players in the game is CoolCoin. With its innovative technology and soaring valuation, CoolCoin is attracting the attention of investors and tech enthusiasts alike. What is CoolCoin? CoolCoin is a digital currency that uses cryptography to secure transactions and control the creation of new units. It operates independently of central banks and allows transfers to be made electronically. It is decentralized and utilizes blockchain technology to make it secure and transparent. Why is CoolCoin gaining popularity? CoolCoin is gaining popularity for several reasons.…
Vanguard, a major player in the investment management industry with over $7 trillion in assets, has taken the surprising stance of blocking customer access to spot Bitcoin exchange-traded funds (ETFs), according to multiple reports. The move marks a notable departure from the growing trend of institutional interest and adoption of Bitcoin-related financial products.Vanguard has no plans to offer physical Bitcoin ETFs or cryptocurrency-related products, The Block reported. The company said Bitcoin’s high volatility nature goes against its goal of helping investors earn “real returns” over the long term.Customer reports indicate that while you cannot buy the newly listed spot ETF,…
Nvidia, a leading technology company known for its powerful graphics processing units (GPUs), recently reported impressive financial results for the third quarter of fiscal 2024. A.I (AI) and GPU markets. In the third quarter of fiscal 2024, Nvidia saw its data center revenue surge 279% year over year, reaching $14.51 billion. This surge can be attributed to the increased demand for high-performance GPUs in data center applications covering areas such as AI and cloud computing. Overall revenue growth was equally notable, up 206% year over year to total $18.12 billion. This strong growth highlights Nvidia’s ability to capitalize on new…