Ethereum News by Thebittimes.Com

Recent on-chain data shows that substantial amounts of Bitcoin have made their way to centralized exchanges in the last few days. How could this impact the Bitcoin price? Bitcoin Price To Face Further Selling Pressure? In a new post on the X platform, prominent crypto analyst Ali Martinez revealed that Bitcoin investors have been transferring their assets to centralized exchanges in recent days. The relevant indicator here is CryptoQuant’s Exchange Reserve metric, which tracks the total amount of a particular cryptocurrency held on all exchanges. Related Reading Shiba Inu Army On The Move: 35 Billion SHIB Invade Shibarium 20 hours ago It is worth noting that the value of this metric rises when investors are making more deposits than withdrawals of a cryptocurrency (Bitcoin, in this scenario) into centralized exchanges. Meanwhile, when th

Ethereum hit an all-time high of $4,878.26 in November 2021. The second-largest crypto project’s price has fallen by over 30% from its 2021 peak. ETH has also undergone a major price correction since May of this year. According to X user “degentrading,” ETH could hit the $6000 mark in September of this year. Reaching $6000 from current price levels would translate to a rally of nearly 80%. The analyst calls ETH the “decentralized global settlement layer/ world computer.” 1/n – Why i think ETH will be trading at 6k by Sept 24 https://t.co/4WIQTAZv8S — degentrading (@degentradingLSD) June 23, 2024 Also Read: Spot Ethereum ETFs Could Receive SEC Approval as Early as July 4 Reuters reports that the Securities and Exchange Commission may approve Ethereum exchange-traded funds for launch as early as July 2024. The financial regulator approved 11 spot Bitcoin ETFs in January, leading to a significant price rally. BTC hit a new all-time high of $73,737 in March. A similar pattern may emerge

A clicker game on Steam recently became the talk of the town after flipping some of the most popular games on the platform. ‘Banana’ became a sensation for its NFT-like rewards, which can be sold for over $1,000 on Steam’s marketplace. However, the clicking phenomenon has sparked a debate among crypto community members about the state of crypto and web3 gaming. Related Reading Master Of Scams: Metallica’s Hacked X Account Promotes Solana Token 2 days ago Peeling Steam’s Clicker Game Sensation Banana is an indie game on Steam that consists of clicking the image of a banana to obtain rewards. Although not the first of its kind, its players are rewarded with digital bananas every few hours. Rewards can go from common bananas worth pennies to rare bananas, which can be sold for up to $1,300. The free-to-play game hit the news after it surpas

Amid bearish sentiments surrounding Bitcoin (BTC), a crypto trading analyst has suggested that the asset’s current price movement could indicate a potential new all-time high. According to TradingShot , in a TradingView post on June 28, Bitcoin is undergoing a consolidation phase reminiscent of its historical behavior before initiating a parabolic rally. The expert noted that Bitcoin is consolidating at a symmetrical spot relative to previous cycles, which has always preceded a significant upward movement in its price.  Picks for you ChatGPT 4-o predicts Solana price amid ETF forecast for 2025 8 mins ago 3 cryptocurrencies to turn $100 into $1,000 for end of 2024 11 mins ago

The United States government has recently announced a substantial reward of up to $5 million for any information leading to the arrest of Ruja Ignatova, the founder of OneCoin.  This development comes as part of a joint investigation conducted by Bulgarian and American authorities into a large-scale financial fraud and money laundering scheme .  One Of The FBI’s Most Wanted Bulgaria’s temporary chief prosecutor, Borislav Sarafov, highlighted the collaborative efforts between Bulgarian and US law enforcement agencies in tackling the case. Sarafov emphasized the ongoing investigations in both countries against Ignatova, who is facing charges related to the notorious OneCoin financial pyramid scheme.  Furthermore, Sarafov revealed plans to initiate legal proceedings in Bulgaria, aiming to charge Ignatova in absentia and facilit

As the political scene in the United States evolves, cryptocurrencies, especially regarding regulation, have become key talking points in the presidential campaign. In recent years, cryptocurrency’s growing relevance in politics has underscored the sector’s significance in the general financial world. Notably, ahead of the U.S. November 5 election, former President Donald Trump has expressed his desire to support Bitcoin (BTC) if reelected. For instance, Trump announced support for Bitcoin mining, noting that the sector could serve as the “last defense” against central bank digital currencies (CBDCs), which he opposes. On the other hand, President Joe Biden has reportedly engaged with crypto industry participants on policy matters. Picks for you ChatGPT-4o builds an ideal $1,000 crypto portfolio for the second half of the year

Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic decline saw the flagship cryptocurrency momentarily lose its support above the $60,000 level on Monday. Related Reading Bitcoin Takes A Beating: Another $630 Million Exits, Price Drops Lower 16 hours ago The drop left many investors wondering whether the bullish rally is over. However, crypto analysts remain optimistic about BTC’s performance and consider the drag down to be part of the quarterly retest. Is Bitcoin Headed For A ‘Chop Summer’? On Tuesday, crypto analyst Jelle made a case for Bitcoin’s bullish momentum. Amid the bearish sentiment from some community sectors, the crypto investor believes BTC’s bull run isn’t over.

Author: Biteye Core Contributor Viee Editor: Biteye Core Contributor Crush Original link: https://mp.weixin.qq.com/s/uy6y45d9rinmxkoCj7d1EQ The first half of this year is almost over. Since BTC broke the previous bull market high and rose to 70,000, it has not seen any exciting highs again. In the past few months, the market has fluctuated repeatedly, and the flag set at the beginning of the year to make good money has also slightly wavered. In any case, the main bull market wave has not yet arrived, and there will still be plenty of opportunities, so don’t rush. At this juncture, it is very suitable to reflect and review. This article is a statistical and comparative analysis of the returns of different cryptocurrency sectors up to 2024. It is no longer the era of “easy money,” so which sector is the most profitable? You’ll know after reading this article. How have different cryptocurrency sectors performed from the beginning of the year until now? According to the average YTD (Januar

Mert Mumtaz , CEO of Solana’s development platform Helius Labs, recently shared “big news” that presents a bullish outlook for the Solana ecosystem . This development could also positively impact Solana’s price, which has recently been on a downtrend.  A New Dawn For Solana Mumtaz mentioned in an X (formerly Twitter) post that “ ZK compression ” is being introduced directly on the Solana network without requiring layer-2 networks . He claimed that this changes everything and every impression one has about Solana and scaling layer-1 networks. Mumtaz further explained what the ZK compression is really about. Related Reading Shiba Inu Whale Withdraws 2.2 Billion SHIB From Robinhood, Should You Follow The Whales? 2 days ago He stated that they have managed to compress the on-chain state to get “10,000x scale improvements,” which he claimed b