Grayscale completes reverse share splits of Bitcoin and Ether ETFs

November 20, 2024 Coin Telegraph

Bitcoin

As a result of the reverse share splits, the Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF are set to see 5x and 10x price increases, respectively.

Grayscale Investments, one of the world’s largest Bitcoin exchange-traded fund (ETF) issuers, is making moves to improve the cost efficiency of its crypto ETFs through reverse share splits.

On Nov. 19, Grayscale completed reverse share splits of its two crypto ETFs, the Grayscale Bitcoin Mini Trust ETF (BTC) and Grayscale Ethereum Mini Trust ETF (ETH).

Grayscale said the reverse share splits for the ETFs are designed to make the trading of securities more “cost-effective.”

Ethereum Technical Analysis: Ether Consolidation Hints at a Make-or-Break Moment

November 18, 2024 Bitcoin.com

bitcoin.com

Ethereum’s price is holding steady in a key zone today, trading between $3,056 to $3,083 over the past hour. With a mix of neutral oscillators and mostly optimistic moving averages, the market sentiment seems divided, giving traders an essential moment to evaluate strategies across various timeframes. Ethereum Recently, ethereum (ETH) encountered a dip, finding support […]

Crypto community hopeful about new Senate leader John Thune

November 14, 2024 Coin Telegraph

Bitcoin

Not endorsed by Donald Trump, Senator John Thune defeated the Elon Musk-supported Senator Rick Scott to become the new Senate majority leader.

The cryptocurrency industry has high hopes for regulatory clarity in the United States as the Republican Party elected Senator John Thune of South Dakota as the new Senate majority leader.

Thune won the Senate majority leader race on Nov. 13, defeating the Elon Musk-endorsed Senator Rick Scott of Florida.

“We will work to make America prosperous again by streamlining the bureaucratic machine and overturning costly Biden-Harris regulations,” Thune stated in a speech after winning.

3 reasons why Ethereum price is headed toward $4K

November 12, 2024 Coin Telegraph

3 reasons why Ethereum price is headed toward K

Coin Telegraph

Ether price and network fundamentals are showing momentum, increasing the chance of a rally to $4,000.

Increasing excitement over a crypto-friendly business environment in the United States following Donald Trump’s presidential election win caused the price of Ether (ETH) to jump over 37% over the last seven days to trade at highs not seen since July 24.

ETH/USD daily chart. Source: TradingView

At the time of writing, Ether is trading at $3,392 with increasing demand through spot Ethereum ETFs, and onchain metrics suggest that the altcoins uptrend remains intact.

Bitcoin’s move to $80,000 could trigger a rally in ETH, SOL, SUI, and AAVE

November 10, 2024 Coin Telegraph

Aave

Bitcoin’s strong weekend rally to $81,000 could add more fuel to the current price action in ETH, SOL, SUI, and AAVE.

Bitcoin (BTC) has been on a roll this week, rising above $80,000 on Nov. 10. Analysts believe the rally has just started, and that Bitcoin has a long way to go. Bitcoin analyst Tuur Demeester said in a post on X that “no rash action is needed, HODLing does the work for you.”

Newbie traders may be contemplating that Bitcoin’s rally has made it overvalued, but Bitwise Invest CEO Hunter Horsley said in a post on X that “Bitcoin is different.”

“When Bitcoin’s price goes up, people view it as more likely that it will succeed, and therefore be even more valuable. And so it's likely to go up even further,” Horsley explained.

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

November 8, 2024 Coin Telegraph

Bitcoin

After lagging Bitcoin for most of 2024, Ethereum appears to be in the early stages of a bullish trend reversal. Here’s why traders are closely watching the ETH/BTC pair.

Ether (ETH) is currently exhibiting its most significant weekly gains since May 2024. While BTC’s momentum has stalled over the past 24 hours, ETH's price reached a quarterly high of $2,956, and the renewed price action triggered a 6% uptick for the ETH/BTC chart.

With Ethereum briefly leading Bitcoin (BTC) for the first time in months, the altcoin-BTC pair has caught the market’s attention for a potential trend reversal.

A pivotal daily breakout on the Ether daily chart is one key reason for the revived interest in the ETH/BTC trend.

Ethereum Technical Analysis: ETH Hovers in Consolidation as Bears Maintain Control

November 4, 2024 Bitcoin.com

bitcoin.com

Ethereum (ETH) is currently hovering around critical support and resistance levels, with recent trading activity suggesting that a breakout or breakdown might be on the horizon. Ethereum Looking at the daily chart, ethereum (ETH) has trended downward since hitting a high of $2,769.4 in Oct. A consistent lineup of red candles underscores the selling pressure, […]

Bitcoin looks ripe for a rebound, and so do ETH, DOGE, LTC, and XMR

November 3, 2024 Coin Telegraph

Bitcoin

Bitcoin’s volatility is expected to pick up after the US elections, and charts suggest that ETH, DOGE, LTC and XMR could be the first to follow.

Bitcoin’s (BTC) rejection near the all-time high earlier in the week may have attracted profit booking by the short-term traders. Although the price has dropped near $68,000, analysts remain positive on the markets. They anticipate Bitcoin to find support between $65,000 and $68,000.

The next major trigger for the cryptocurrency markets is the United States elections. In a market report, FalconX head of research David Lawant said that volatility could increase if “results are too close to call and it takes too much time to reach an outcome.”

Crypto market data daily view. Source: Coin360

Ethereum Technical Analysis: ETH Stabilizes Amid Key Resistance

October 28, 2024 Bitcoin.com

bitcoin.com

Ethereum’s price found stability within a narrow range, moving between $2,470 and $2,537 over the past day, as both oscillators and moving averages reflect neutral-to-bearish signals, indicating a pause in its short-term momentum. Ethereum The daily chart shows ethereum’s (ETH) recent trend of lower highs and lows, hinting at a bearish undertone. However, steady positioning […]

Bitcoin price rally above $70K could supercharge ETH, SOL, DOGE and SHIB

October 20, 2024 Coin Telegraph

Bitcoin

Bitcoin’s bullish weekend price action could be a sneak peek of what’s to come this week. Will ETH, SOL, DOGE, and SHIB follow?

Bitcoin (BTC) has risen roughly 9% this week, indicating solid buying by the bulls. The up move is facing resistance near $69,000 but the bulls are not exiting their positions in a hurry. That suggests the buyers anticipate the rally to extend further.

Trading firm QCP Capital told its Telegram channel subscribers that the rising United States equities markets and a weakening trend in the Japanese yen are likely to boost risk-on sentiment leading to the US elections. That “will propel risk assets higher and support our Uptober narrative,” the firm added.

Crypto market data daily view. Source: Coin360

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