DeFi News Official Today TheBitTimes.com

Ethereum seems to be rising up from the ashes at the moment, coming out of its long slumber. The dormant price pace of ETH is now seeing noteworthy price action as Bitcoin has now breached the $100K mark, ushering in a bullish price wave. However, ETH price movement is not that strong, showcasing how the token is still in bearish territory. Is ETH a good or a bad buy for 2025? Here is the list of 3 bear market clues that each ETH enthusiast should be aware of. Also Read: Ethereum Hits $3000 As Bitcoin Climbs To $118K: What’s Next? Three Bear Market Clues to Know About Ethereum 1. Ethereum Whales Are Quiet and Are Not Dumping ETH Source: Bitcoinist Ethereum whales seem to be projecting a holding stance despite ETH’s lackluster performance this year. Per Ted, a notable cryptocurrency analyst, one ETH whale has brought 100,260,000 ETH in the last 6 hours, portraying a short ETH stance despite the current market oddities. Moreover, the whales are not dumping ETH actively despite its sluggi...

The Bitcoin market briefly slid below $103,000 after reports of Israeli air strikes on Iran, yet buyers quickly emerged and buoyed the price back towards $106,000. In an update on X, analytics outfit Material Indicators argued that a collapse to fresh lows looks improbable, although a sustained move higher may have to wait until the Federal Reserve’s next policy meeting. Reinforcing the upbeat tone, research led by Andre Dragosch of ETC Group found that Bitcoin typically rebounds, and often surpasses its pre-shock price, within roughly 50 days. Crypto market data daily view. Source:  CoinMarketCap However, Bollinger Bands creator John Bollinger has a different view. In a post on X, Bollinger said that Bitcoin has completed three pushes to a high after forming the “W-shaped” double bottom near $75,000. During a discussion on the post, Bollinger added that three pushes to a high “means the end of the prior trend,” which could be followed by a “reversal or a co...

Economist Alex Krüger is putting traders on notice in regards to Ethereum, saying that one of ETH‘s biggest rivals has already reached escape velocity and will likely continue to outperform. In a post on the social media platform X, Krüger tells his 184,000 followers that “it’s about time to stop betting on ETH the asset,” given its underwhelming performance over the last several years. “Even in the event of a Trump win. When an asset is supposed to go up and it does the opposite, that’s the market telling you something. There are better crypto assets to bet on. Don’t be stubborn.” Krüger says he was planning to leverage long ETH and Solana (SOL) on the night of the US election if it looked like pro-crypto presidential candidate Donald Trump was coming ahead. But now, the trader says he’s “scratched ETH off” in favor of SOL and other opportunities. He notes that the recent memecoin frenzy on Solan...

Ethereum (ETH) is striving to reach a new all-time high, a move investors have anticipated following the launch of the cryptocurrency’s spot exchange-traded fund (ETF). Currently, the second-largest cryptocurrency by market capitalization has shown short-term volatility as it attempts to break through the crucial $3,000 resistance zone. Despite bullish developments like the rollout of the ETF, Ethereum’s market dominance has declined in recent months compared to competitors such as Bitcoin (BTC). Over the past 30 days, Ethereum has plunged by over 23% as it struggles to recover from a monthly low of around $2,100. ETH was trading at $2,631 at press time, gaining almost 1% in the past 24 hours. Picks for you 2 cryptocurrencies to reach $50 billion market cap in September 15 hours ago ...

Bitcoin market enthusiasts are maintaining the $55,500 support level, yet traders are growing concerned about potential further declines due to a rise in futures open interest and the appearance of a death cross on the BTC chart. Bitcoin has been trading sideways for several months but hasn’t deterred institutional investors from buying in. Senior analyst Vetle Lunde from K33 Research reported that more than 262 new companies invested in U.S. spot Bitcoin exchange-traded funds (ETFs) during the second quarter of 2024. It’s worth noting that institutional investors have mostly kept or increased their holdings. Matt Hougan, chief investment officer at Bitwise, mentioned on X that 44% of asset managers have increased their positions in Bitcoin ETFs, while 22% maintained their stakes. Only 13% have exited, and 21% have scaled back their positions. Hougan described these results as “a pretty good outcome, comparable to other ETFs.” Crypto market data daily view. So...

Ethereum ( ETH ) has been the focus of attention for investors and traders as the weekend approaches. Following the recent market volatility and the subsequent pump in ETH ’s price, many are wondering how high the cryptocurrency can surge in the coming days. Prominent analyst Rekt Capital has provided a detailed technical Analysis of Ethereum’s price action, highlighting key resistance and support levels that could determine the cryptocurrency’s trajectory. Also read: Shiba Inu or Dogecoin: Which Meme Coin Will Soar Higher This June? Ethereum’s Weekly Close Below Crucial $3,956 Resistance According to Rekt Capital’s analysis, Ethereum has closed below the crucial green $3,956 level on the weekly timeframe, indicating that this level is still acting as resistance. For ETH to continue its upward momentum, it needs to close above this level on a weekly basis, similar to its performance in mid-2021. If Ethereum fails to reclaim the $3,...

The cryptocurrency market has experienced a significant dip in recent days, largely attributed to the ongoing conflict between Israel and Iran. With prices plummeting, many investors wonder which coins offer the best opportunities for growth and recovery. Among the sea of digital assets, three coins stand out as potential buys amidst the market downturn: Solana , Ethereum, and Shiba Inu. Solana (SOL)  Source – ByteTree Solana, currently trading at $153, has seen a 15% decline in the last seven days. Despite this drop, the high-performance blockchain platform remains a promising investment opportunity. Solana’s unique proof-of-history consensus mechanism allows for incredibly fast transaction speeds and low fees, making it an attractive option for developers and users alike. As more projects adopt the Solana ecosystem, the coin’s value is expected to recover and potentially surpass its previous highs. Also read: 4 Meme Coins To Watch As Bitcoin (BTC)...

Bitcoin price has flipped above $70,000, while Ethereum is above $3,500. This is after news that Hong Kong is likely to approve its first spot Bitcoin and Ethereum ETFs as soon as early next week. Bitbot (BITBOT) is nearing the $2.3 million mark in presale amid investor interest. Bitcoin is trading up, currently green as price hovers above $70,900. The leading Crypto currency’s potential to break out to a new all-time high has received a new boost as report s emerge Hong Kong is set to approve its first spot Bitcoin ETFs. BTC’s upside flip is likely to push other altcoins higher, and one of the new tokens attracting the most attention is Bitbot (BITBOT). Is Bitcoin (BTC) set to explode next week? There are report s that Hong Kong could approve the first spot Bitcoin and Ethereum ETFs in the region as early as Monday. A Bloomberg report on Friday quotes sources as saying that the Securities and Futures Commission (SFC) is set to give it nod, ju...

The US SEC (Securities and Exchange Commission ) gave its approval for 11 spot Bitcoin (BTC) ETFs (Exchange Traded Funds) on Jan. 10, 2024. The SEC’s decision is a monumental milestone for the cryptocurrency industry. However, the community now sets its eyes on a spot Ethereum ( ETH ) ETF. According to Bloomberg ETF analyst Eric Balchunas, there is a 70% chance that the SEC will approve an Ethereum ( ETH ) ETF by May 2024. According to the analyst, ‘ The Ether spot is tied to the hip of [the] Bitcoin spot for sure. It ’ s gonna go wherever it goes. It ’ s essentially on a 15-foot rope following it. ‘ Balchunas was previously cautious about a spot Bitcoin (BTC) ETF. However, the analyst has since changed his stance. Balchunas is optimistic about an ETH ETF and has a high approval chance. Also Read: Ethereum Breaches $2,400 While BTC Bleeds, Will ETH Hit $3,000 Soon? On the other hand, digital asset lawyer Joe Carlasare believes a spot ETH ETF wil...

According to Ultra Sound Money data, as of August 7, the Ethereum ( ETH ) network has burned over half the coins issued since the merge. Around 6.5 million ETH coins have been issued since the merge, and over 3.5 million of them have been burned. Ethereum currently has a supply of about 120.2 million coins. And since the model is still inflationary, more coins are added every year. As of now, the network adds about 580,000 ETH each year. However, the Ethereum network burns about 1.75 million ETH each year, lowering the supply by roughly 0.98%. This makes the platform somewhat deflationary because the circulating ETH amount reduces as coins get actively burned on the network. Also Read: Ethereum: These ETH Futures ETFs Are Awaiting Approval Presently, gas fees generated by ETH transfers and smart contract operations are the main drivers of these burns. Additionally, NFT and DeFi platforms like OpenSea and UniSwap, also play a role. Additionally, the transfer of USDT, an E...

Traders cannot ignore the overhanging danger of a pullback below Ether eum price’s immediate support at $1,900, especially with Bitcoin price delicately holding onto a high cliff’s edge, reinforced by the buyer congestion at $30,000. advertisement A Minor Pullback But Open Interest is Climbing Based on live data from Coinglass, a platform for tracking the crypto derivatives market, the Ethereum open interest is up by 0.98% to $6.26. Traders saw $10.48 million of 24-hour liquidations, with $8.19 million in longs and $2.28 million in shorts. Notably, rising open interest indicates that new money is entering the Ethereum market and that there is more interest and activity in the derivative contracts. It also implies that there is more liquidity and diversity in the market, as more traders are willing to take different positions and opinions. Therefore, if Ether eum upholds the short-term support at $1,900 and the open interest maintains a positive...