Major cryptocurrencies, including Bitcoin, Ethereum, and XRP, experienced a price crash following concerns about the Federal Reserve and the delay of a spot Bitcoin ETF decision by the SEC, sparking anticipation for upcoming ETF decisions by BlackRock and other asset managers.
The cryptocurrency market has experienced a notable downturn, with the total market capitalization falling by 10% and triggering significant liquidations on futures contracts, attributed to factors such as rising interest rates, inflation, delays in approving a Bitcoin exchange-traded fund (ETF), financial difficulties within the Digital Currency Group (DCG), regulatory tightening, and a strengthening US dollar.
Bitcoin and Ether both rose over 3% as the crypto market recovered from its losses last week, while alternative cryptocurrencies also saw gains; however, experts remain divided on the future of prices, with some predicting continued downtrend and others expecting a rebound.
Analyst Nicholas Mertens warns that both Bitcoin and Ethereum are likely to face significant challenges and potential price declines, with Ethereum at risk of breaking support and dropping below $1,000 due to a lack of buyers.
Crypto analyst Benjamin Cowen believes that Ethereum (ETH) needs to drop further before it can reach new all-time highs, as it must first align with its fair-value logarithmic regression trendline, creating an attractive accumulation range between $400 and $600.
Large ether (ETH) investors took advantage of lower prices following a market tumble to accumulate $94 million worth of ETH, while large bitcoin investors added $309 million worth of BTC to their wallets.
Bitcoin prices experienced a sudden drop last week, with analysts attributing it to large liquidations of perpetual futures and a report that SpaceX had sold the cryptocurrency, while industry insiders have mixed opinions on the impact of spot bitcoin ETFs and Coinbase's investment in Circle.
Despite an increase in value this week, ether (ETH) is expected to form a death cross, indicating a short-term underperformance compared to the long-term trend, although historical data suggests that the death cross is not always a reliable bearish indicator.
Bitcoin and major tokens have experienced losses as the U.S. Securities and Exchange Commission (SEC) delays key ETF decisions, dampening hopes of a long-term recovery.
Ethereum's price has been declining, leading to concerns among investors, but there are two factors to consider: a drop in user activity and transaction volume on the Ethereum blockchain, which may be due to users migrating to faster and cheaper Layer 2 blockchains, and selling by Ethereum "whales" and insiders, including co-founder Vitalik Buterin, which could be attributed to profit-taking and security measures rather than a lack of confidence in Ethereum's future prospects. Despite the market's overreaction, Ethereum remains a strong investment with its dominance in various business segments and ongoing development plans.
Ether (ETH) is expected to outperform bitcoin (BTC) in the short term due to the likely approval of a futures-based ETF, creating buying pressure and potentially boosting ether's price, according to crypto market analytics firm K33 Research.
Bitcoin's recent price drop, despite the potential for future exchange-traded funds (ETFs), may indicate a coming liquidity crisis as loose monetary policies reverse, according to Bloomberg Intelligence senior macro strategist Mike McGlone.
A crypto analyst predicts that Ethereum (ETH) could experience a significant crash and drop to the $400-$800 range, potentially causing losses for both bulls and bears in the market.
Major cryptocurrencies experienced a decline due to concerns over the potential selling pressure from FTX's bankruptcy, as the exchange seeks regulatory approval to liquidate $3.4 billion in crypto assets.
Analyst Bluntz predicts that Ethereum (ETH) will continue its bearish price action and potentially drop to $1,440 before rallying, while other trader Benjamin Cowen believes the digital asset could experience a massive freefall, potentially reaching lows below $800.
Ether's price has recovered 6% after hitting a critical support level, but questions remain about whether it can reach $1,850 due to challenges such as regulatory uncertainty, high network fees, and declining smart contract activity. Additionally, derivatives metrics indicate reduced interest from leveraged long positions, suggesting a bearish sentiment in the market.
Ether (ETH) has experienced a modest increase in price in 2023, but it is still trading significantly below its peak in November 2021, raising questions among investors about the reasons behind the decline and potential catalysts for a reversal. The ongoing legal battle between Ripple and the SEC, as well as regulatory uncertainties surrounding the Ethereum ICO, remain sources of concern. However, positive surprises such as the request for a spot Ether ETF and Ethereum's position to benefit from Bitcoin-related catalysts give hope to investors.
Ether (ETH) has dropped 2% this week, with prices expected to remain steady due to hedging activity of options market makers, who will buy low and sell high in the spot market to limit price volatility.
Ether (ETH) has shifted from being deflationary to inflationary due to decreasing network activity on Ethereum, which could negatively impact the token's price, according to analysts. The decline in network fees and the adoption of layer 2 networks have contributed to the increase in ETH supply, reversing its previous deflationary trend. This has raised concerns among crypto observers who predict bearish developments for ETH, including a potential drop to as low as $1,000.
The average transaction fee on the Ethereum network has dropped to its lowest level of the year, indicating reduced on-chain activity, while the supply of ETH has transitioned back to an inflationary phase. This decrease in fees could potentially lead to increased network utilization and contribute to a market cap recovery for Ethereum.
Bitcoin and Ether fell below key price levels as cryptocurrency markets retreated following the US Federal Reserve's hawkish stance on interest rates, with more downward movement expected for Bitcoin as it fails to break its 50-day moving average, while Ether's failure to rally above the $1,650 support level could have significant implications for altcoin sentiment.
Ether (ETH) is showing positive prospects as a technical analysis indicator suggests a bullish signal, with a counter-trend buy signal indicating support at $1,580 will hold, despite other studies favoring a deeper price slide.
Asset management firm Valkyrie will offer Ether (ETH) futures to US investors through its Bitcoin Strategy exchange-traded fund (ETF), becoming one of the first firms to do so amid pending applications with the SEC, with the fund's name changing to the Valkyrie Bitcoin and Ether Strategy ETF on October 3.
Cryptocurrencies, led by Bitcoin and Ethereum, experienced a rally as low-risk assets weakened and the SEC showed signs of accelerating the rollout of certain Ethereum exchange-traded funds (ETFs).
Bitcoin and Ethereum saw gains in the crypto market driven by factors such as the announcement of an Ethereum futures ETF, a rise in the S&P 500 index, and short liquidations, with the rest of the market also experiencing bullish gains.
Ethereum (ETH) futures ETFs are set to potentially launch on October 2nd, with nine different financial firms, including VanEck and Bitwise, planning to issue these ETFs, potentially leading to a busy day in the market.
Bitcoin surged over 4.5% to reach its highest level in more than a month, while Ether crossed over $1,700 as crypto prices rallied on Monday, with the catalyst for this sudden move not immediately clear but potentially linked to the launch of several ether futures ETFs, indicating a positive sign for the crypto industry.
The number of ETFs tied to cryptocurrencies, particularly ether, is expanding rapidly, making it easier for financial professionals to gain exposure to the crypto market, while the launch of ether futures products may indicate optimism for the approval of spot bitcoin products by the SEC.
Three major Ethereum futures exchange-traded funds (ETFs) have been launched by VanEck, ProShares, and Bitwise, causing a spike in the cryptocurrency markets.
The launch of nine new Ethereum futures exchange-traded funds (ETFs) saw underwhelming trading volume of less than $2 million on the first day, with none of the products standing out as a clear winner, indicating that investors may prefer spot ETF products over futures.
Bitcoin's price dropped 4.5% after failing to break resistance at $28,500 due to disappointing performance of Ether (ETH) futures ETFs and concerns about an upcoming economic downturn, while the traditional finance industry's impact on investor confidence is discussed.
The launch of futures-based ETH ETFs attracted little interest from investors, causing the price of Ether to drop to its lowest compared to Bitcoin since July 2022, prompting experts to advise rotating back to Bitcoin.
Bitcoin could potentially experience a short-term reversal due to recent price increases, and the underperformance of ether futures exchange-traded funds (ETFs) has had a negative impact on major cryptocurrencies.
Ether (ETH) futures ETFs had a lackluster performance in their first week of trading, with low volumes compared to bitcoin (BTC) futures, prompting analysts to revise their bullish outlook and focus on bitcoin investments instead.
Despite initial excitement about Ethereum's transition to proof of stake and the expectation of deflationary trends, the recent surge in global ETH supply has raised concerns about the network's inflationary nature and long-term financial health. While Ethereum core developers seem largely unconcerned, inflationary trends and the impact of low gas fees on burning ETH have sparked debate among users and investors.
The ongoing Hamas-Israel conflict and a significant ether (ETH) sale by the Ethereum Foundation led to a 2% slide in the crypto markets, with over $100 million in futures positions evaporating, although bitcoin remained relatively stable.
Investors are showing a preference for ether over bitcoin in a high interest rate environment, with ether futures ETFs experiencing low volumes and the ether-bitcoin ratio reaching its lowest point since July 2022. The underperformance of ether relative to bitcoin is attributed to the bear market and the potential for continued underperformance due to the higher interest rate environment. Bitcoin's status as a digital gold and its regulatory advantages also contribute to its favorability over ether.
The price of ether (ETH) is predicted to potentially reach $8,000 by the end of 2026 due to increased demand from gaming, tokenization, NFTs, and DeFi, according to a report from Standard Chartered Bank.
Cryptocurrency prices, including Ether (ETH), have fallen for the fourth day in a row due to a slightly higher-than-expected inflation report, with ETH reaching its lowest price since March; meanwhile, Bitcoin (BTC) remains relatively stable, potentially benefiting from its perceived safety during uncertain times.
Ether (ETH) price has declined to a seven-month low, indicating waning investor confidence and interest in Ethereum, possibly due to regulatory uncertainties, lower staking yields, and decreased demand for leveraged positions.
ProShares' Short Ether Strategy ETF, which aims to mirror the inverse performance of the daily S&P CME Ether Futures Index, is set to start trading in November following the approval of the first Ethereum futures ETFs.
Bitcoin's demand has surpassed Ethereum's due to the buzz surrounding a potential Bitcoin ETF and the upcoming halving, causing Ethereum's native token, Ether (ETH), to trade at a 15-month low against Bitcoin.
The weak crypto market and global economic uncertainties have contributed to lackluster performance and low investor interest in exchange-traded funds (ETFs) tracking ether, as investors prioritize more defensive and traditional assets.
Ether (ETH) has underperformed bitcoin (BTC) this year and this trend is likely to continue as the U.S. Treasury bond market shows signs of dis-inversion, which could have a greater negative impact on ether than bitcoin.
Several new Ethereum futures ETFs have been launched in the U.S., providing investors with a way to gain exposure to Ethereum without directly holding the cryptocurrency themselves. These ETFs offer a convenient and low-risk option for investors who are bullish on Ethereum's future but do not want to deal with the complexities and risks of owning and storing the digital asset.
Cryptocurrency derivatives traders experienced over $150 million in liquidations as soaring digital asset prices led to unexpected losses, with the majority of the positions being leveraged shorts. Bitcoin and ether traders were hit the hardest, followed by Chainlink speculators.
Cryptocurrency prices surged as bitcoin reached its highest level since May 2022, driven by hopes of a spot bitcoin exchange-traded fund (ETF) launching soon after the SEC declined to challenge Grayscale Investments' court loss. Several firms, including ARK Invest, VanEck, BlackRock, and Coinbase, have filed for bitcoin ETFs, and there is significant institutional demand for a spot bitcoin ETF with expectations of SEC approval.
