Altcoin season 'leg down will be ugly,' says venture capitalist – Cointelegraph
Although the altcoin market has seen a significant rise since Donald Trump's victory as US president, one venture capitalist believes that institutional investors may be weeded out in the short term as they increase their profit-taking activities. Warning that there is sex. However, not all traders agree. “We are considering canceling the alternative season for […]
Ethereum poised to copy XRP’s 390% rally toward $7.6K next – Cointelegraph
Ethereum’s native token, Ether (ETH), mirrors the breakout trend in XRP in November that resulted in a price boom of over 390%. XRP fractals could push ETH price towards $7,600 In November, XRP broke out of a symmetrical triangle pattern that had been in place for six years, triggering a parabolic rally from around $0.50 […]
US Bitcoin ETFs now hold more BTC than Satoshi Nakamoto – Cointelegraph
The US Spot Bitcoin Exchange Traded Fund (ETF) has reached a new milestone, with its total BTC holdings surpassing that of Satoshi Nakamoto. Bitcoin ETFs have surpassed 1.1 million BTC for the first time since the historic start of spot Bitcoin ETF trading in the US in January, said Eric Balciunas, Bloomberg ETF analyst. I […]
Investors pile a record $432M into Ether ETFs amid 9 days of inflows – Cointelegraph
The US Spot Ether exchange-traded fund just recorded its biggest day of inflows in history, resulting in the ninth consecutive business day of positive inflows for the rising cryptocurrency. The US 9 Spot Ether ETF had total inflows of $431.5 million on December 5th. According to to spare Data from Farside Investors and decentralized news […]
BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin – Cointelegraph
Cryptocurrency mining company BIT Mining says its efforts to mine the proof-of-work coins Dogecoin and Litecoin are far more profitable than mining Bitcoin alone. BIT mining used to only mine Bitcoin (BTC), but said On December 4th, it announced that its expansion into Dogecoin (DOGE) and Litecoin (LTC) “has proven to be nearly three times […]
Grayscale files for spot Solana ETF with SEC – Cointelegraph
Digital asset manager Grayscale Investments has applied to the U.S. Securities and Exchange Commission to launch a spot Solana exchange-traded fund (ETF). If approved, Grayscale Solana Trust will trade on the New York Stock Exchange under the ticker GSOL. According to 19b-4 filed with the SEC on December 3rd. If approved, the ETF would convert […]
Bitcoin price weakens, but BTC derivatives remain healthy – Cointelegraph
Bitcoin (BTC) struggled to rise above $98,000 from November 25th to December 2nd, frustrating investors despite achieving a 38% monthly gain. Market participants are concerned that if the price continues to consolidate below the psychological barrier of $100,000 for an extended period of time, bearish strategies to suppress the BTC price may become active. Bitcoin […]
Staking may come soon for US Ether ETFs: Bernstein – Cointelegraph
U.S. Ethereum exchange-traded funds (ETFs) may soon feature staking yields, according to a Dec. 2 report from Bernstein Research. “We believe it will be crypto-friendly under the new Trump 2.0.” [Securities and Exchange Commission]ETH staking yield is likely to be approved,” Burstein said. said. Staking involves locking up Ether (ETH) as collateral using validators on […]
WisdomTree officially files S-1 for spot XRP ETF – Cointelegraph
WisdomTree, one of the first companies to issue a spot Bitcoin exchange-traded fund (ETF) in the US in January, has filed to launch a spot ETF backed by XRP. On December 2nd, WisdomTree became the fourth company in the United States. submit Form S-1 to file a Spot XRP (XRP) ETF with the U.S. Securities […]
Ether has 3-year cup-and-handle ‘in the making,' analyst eyes $7.2K – Cointelegraph
According to one crypto analyst, Ether has formed a convincing pattern on the price chart, suggesting it could rise as much as 97% within the next four months. “ETH is in the process of developing a cup and handle that will take three years. Once Ethereum confirms $3.8 million in backing, it will be completed […]