ETHER
Cryptocurrency Prices on August 22: Bitcoin rises above $60,700 on US rate-cut bets; Ethereum gains
Bitcoin and Ethereum surged after Federal Reserve minutes hinted at possible interest rate cuts in September.Market participants are now awaiting U.S. jobless claims data and Fed Chair Powell's comments at the Jackson Hole Economic Symposium.
Cryptocurrency prices on August 20: Bitcoin, Ether surge up to 4% on bets for dovish Fed
On Tuesday, Bitcoin and Ether prices surged up to 4% amid hopes for rate cuts from the Federal Reserve. Investors eagerly awaited insights from the Fed's July meeting minutes and Jerome Powell’s speech at the Jackson Hole Symposium.
Amid divorce rumours, Aishwarya Rai's old remarks on on-screen kisses resurface
Aishwarya Rai Divorce News: Aishwarya Rai Bachchan, renowned for her beauty, finds herself in the limelight due to rumors about her personal life. Nonetheless, her on-screen roles continue to draw attention for their diversity and depth. Notable examples include 'Ae Dil Hai Mushkil,' where she explored new territory, and her thoughtful choices regarding on-screen intimacy.
Bitcoin, Ether prices surge up to 10% following US jobless claims data
Bitcoin and Ether prices surged after a drop in US jobless claims, easing labor market concerns. Federal Reserve actions and new Russian cryptocurrency legislation contributed to market optimism. Bitcoin rose 6.4% to $60,908, and Ether climbed 10.3% to $2,689, with other cryptocurrencies also recording gains.
Navigating Uncertainty: Insights on trading in a volatile crypto market
During an ETMarkets live stream, experienced crypto trader Saketh detailed strategies for managing the volatile cryptocurrency market. He emphasized technical analysis and liquidity considerations, distinguishing genuine recoveries from temporary rebounds. Saketh's approach involves strategic trade placement and adjustments based on market trends. Traders were advised to stay cautious and adaptable.
Spacetech startup EtherealX raises $5 million in funding round led by YourNest
EtherealX, a Bengaluru-based space technology startup, secured $5 million in a funding round led by YourNest. The funds will aid in the development of engines for the company's reusable medium-lift launch vehicles. Founded in 2022, EtherealX looks to finalize its test facility and qualify its upper-stage and semi-cryogenic engines.
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Bitcoin, Ether surge over 9% as global markets bounce from brutal sell-off
US economic data released on Monday suggested that a recession isn't imminent. The July ISM Services PMI exceeded economists' expectations, registering at 51.4% (up from 48.8 in June and matching the forecast of 51.4), indicating sector expansion for the 47th time in 50 months. The inflation gauge within this data also surprised to the upside, further easing recession concerns.
Bitcoin plunges to multi-month lows, wiping out over $220 billion in value amid recession fears
Bitcoin (BTC) plunged to multi-month lows on Monday, falling over 14% in 24 hours amid US recession fears and disappointing economic data. This drop reduced Bitcoin’s market value by around $220 billion and led to a 15.9% decline in the global crypto market cap, now at $1.81 trillion.
Bitcoin, ether hit multi-month lows as recession worries take hold
Bitcoin and ether hit multi-month lows on Monday as fears of a U.S. recession led investors to seek safer assets. Bitcoin fell 13%, and ether dropped 17%, hitting their lowest points since February and mid-January. Shares of crypto-related companies, including Coinbase and Riot Platforms, experienced notable declines.
How Ethereum ETFs can drive crypto adoption? Mudrex CEO explains
Ethereum ETFs emerged as key tools for integrating digital assets into mainstream finance. Edul Patel from Mudrex discussed their potential to connect traditional markets with cryptocurrencies, attracting institutional investors with regulatory assurances. The anticipated market impact includes an influx of $20 to $25 billion, enhancing Ethereum's prominence in the financial sector.
Bitcoin falls below $64,000 amid global equity slump and geopolitical tensions
Weak US manufacturing data pushed global equities lower on Thursday. The data raised doubts about the US economy and dimmed the widespread optimism about potential Federal Reserve interest rate cuts in September.
Cryptocurrency price on August 1: Bitcoin falls below $65,000; Solana, XRP drop up to 8%
Overnight, the US Federal Reserve maintained its key interest rate at 5.25–5.5% for the eighth consecutive time, as expected, while signaling the possibility of a rate cut in its next meeting in September. The Federal Open Market Committee's unanimous decision reflects a continued wait-and-watch approach as it monitors inflation trends.
Bitcoin trades near $66,000 ahead of US Fed meeting outcome
Central banks are the focal point for investors on this action-packed Wednesday, with the Federal Reserve's decision anticipated later in the day. While markets expect the U.S. central bank to maintain current rates, a 25 basis point cut in September is fully priced in, with roughly 68 basis points of easing expected for the year.
Cryptocurrency price on July 30: Bitcoin drops below $67,000; Avalanche, Solana tank over 4%
Bitcoin fell after nearing $70,000, erasing gains from Trump's pro-crypto speech due to the US transferring $2 billion Silk Road tokens. Major altcoins like Ethereum and Dogecoin also declined.
Bitcoin rises on strong US economic data and anticipation of Trump’s Nashville speech
The mid-week brought a downturn, with Bitcoin falling back to the $64,000 level. This decline was partly driven by disappointing earnings reports from major tech companies like Alphabet and Tesla. As tech stocks tumbled, the ripple effect was felt in the cryptocurrency space. Another factor contributing to the mid-week slump was the continued selling pressure from Mt. Gox creditors
Bitcoin surges 4% to over $67,000 ahead of Trump's speech at Bitcoin Conference in Nashville
At 12:30 am IST, Bitcoin (BTC) was trading 4.3% higher at $67,060, while Ethereum surged over 3% to $3,265. Meanwhile, the global cryptocurrency market cap rallied by 3.53% to around $2.4 trillion in the last 24 hours.
US SEC nod to first spot Ether ETF to begin trading on Tuesday
Regulatory authorities have granted permission to at least two out of eight firms, including BlackRock and VanEck, to introduce their Ethereum (ETH) Exchange Traded Funds (ETFs). The ETFs are set to be traded on three major exchanges — Cboe, Nasdaq, and NYSE. Ether (ETH) is the native cryptocurrency of the Ethereum network, which holds the second-largest market capitalization in the crypto world.
US spot ether ETFs make market debut in another win for crypto industry
U.S. ether ETFs debuted with $1.07B traded. Leading volumes: Grayscale ($450M), iShares ($245M), Fidelity ($137M). Enhancing market legitimacy, potentially reducing volatility. Ether prices dipped. Fees: 0.19% to 2.5%. SEC Chair Gensler cited Grayscale's influence. Projections: $1B monthly inflows. Staking excluded.
Spot ether ETFs likely to begin trading July 23, industry sources say
The U.S. SEC approved ether ETFs by BlackRock, VanEck, and Franklin Templeton starting July 22. Ether's price increased to $3,433.07. SEC Chair Gary Gensler cited similarities to bitcoin ETF approval. Analysts predict $1 billion monthly inflows; Galaxy Research forecasts more volatility due to ether's $359 billion market value. Initial low hopes transformed with $33.1 billion in net inflows.
Bitcoin sinks 8% to four-month low, ether slides 9%
Bitcoin fell to $53,918. Ether dropped to $2,855. Concerns about Biden’s debate, potential Democratic replacement, and Mt. Gox sell-off impacted the market.
Timing for US ether ETF launches depends on how fast issuers can move, SEC chair says
The SEC still has to approve the ETF issuers' registration statements detailing investor disclosures before they can start trading. That process usually involves a lot of back and forth between the ETF issuers and SEC officials.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
Bitcoin falls 3% as traders mull risk of sales linked to Mt. Gox
Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators are returning a $9 billion hoard of the largest digital asset to creditors.
Bitcoin slips below $67.2k; Ethereum falls over 4% despite approval of spot Ether ETFs in US
Cryptocurrency markets, including Bitcoin and Ethereum, were trading lower on Friday due to profit-taking. BTC fell to $67,143, while Ethereum declined to $3,655. Edul Patel from Mudrex commented on the market movements.
US SEC approves exchange applications to list spot ether ETFs
The U.S. SEC approved Nasdaq, CBOE, and NYSE to list ETFs tied to ether's price, surprising the industry. Nine issuers, including VanEck and BlackRock, aim to launch ETFs for the second-largest cryptocurrency after bitcoin. Approval follows SEC's January decision on bitcoin ETFs.
Hong Kong mulls nod for Ether ETF staking in contrast to US
The talks are ongoing and there's no clear timeline for a decision, the people added, asking to not be identified discussing private information. A spokesperson for the SFC didn't immediately respond to a request for comment.
WisdomTree to list crypto products on London Stock Exchange
Britain's financial regulator has approved WisdomTree's bid to list exchange-traded products (ETPs) backed by cryptocurrencies bitcoin and ether on the London Stock Exchange, the asset manager said on Wednesday ahead of an expected launch this month.
Cryptocurrencies gain as investors turn optimistic on ether ETFs
Ether, which underpins the ethereum blockchain network, was 8% higher on the day at $3,775, its highest in two months, after jumping 13.8% on Monday.
Ethereum skyrockets 22% amid speculation of ether ETFs approval
This upward movement propelled Ethereum's market cap to $453.2 billion. The surge in the cryptocurrency comes amid speculation about the outcome of applications for US spot exchange-traded funds tracking the world's second-biggest cryptocurrency. The rise can also be attributed to rumours suggesting that the Securities and Futures Commission could approve these products. Over the past seven days, Ethereum has experienced a significant increase in value, rising by 32%.
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