Author: Sollcrypto

Ethereum Price Analysis: ETH Trapped in a Tight Range Between Key Moving Averages Ethereum’s price is currently oscillating within a narrow range, confined by the 100-day moving average at $3364 and the 200-day moving average at $3212. A breakout from this range will be crucial in determining the next direction of the price movement. Technical Analysis By Shayan The Daily Chart A close look at Ethereum’s daily chart shows that after being rejected near the significant $3.5K resistance region, the price has dropped to a major support zone. This critical support is underscored by the 200-day moving average at $3212,…

Institutional Developments and Nashville Remarks Boost Bullish Outlook for Bitcoin and BTC Mining: H.C. Wainwright & Co Analysts Analysts from H.C. Wainwright & Co, including Mike Colonnesse, have highlighted a more bullish outlook for Bitcoin (BTC) and the BTC mining industry due to recent institutional developments and comments from Nashville. In a weekly report dated July 30, Colonnesse pointed out that the U.S. could be on the verge of nationally adopting Bitcoin, significantly benefiting the leading cryptocurrency. At the Bitcoin 2024 conference, Republican candidate and former President Donald Trump discussed his crypto strategy, which includes creating a government reserve holding…

The recent launch of spot Ethereum ETFs was expected to be transformative. However, investors seem more captivated by Bitcoin, leaving Ethereum behind. In the first week of trading, Ethereum’s price fell from $3,563 to $3,086, mirroring the trend seen during the Bitcoin spot ETF launch. So, why did this happen? A major factor is Grayscale’s 2.5% fee on their Ethereum ETF, which is deterring investors. In just four days, there were $178 million in net outflows from the eight ETFs, with Grayscale alone accounting for $1.16 billion of that. Even with a new Mini ETF offering a lower fee of…

Bitcoin ETFs Report Significant Inflows, Ethereum ETFs Experience Notable Outflows On July 26, Bitcoin Exchange-Traded Funds (ETFs) saw a significant net inflow of 630 BTC, equivalent to $42.56 million. Leading the surge, iShares by Blackrock reported an inflow of 1,093 BTC, amounting to $73.8 million. This substantial investment marks a positive trend for Bitcoin ETFs as they continue to attract investors. July 26 Update: In contrast, Ethereum ETFs experienced substantial outflows. The net outflow for Ethereum ETFs stood at 37,044 ETH, translating to a staggering $120.36 million. Grayscale led the outflows with a significant 97,391 ETH, valued at $316.4 million.…

Solana Surpasses Binance Coin to Secure 4th Spot among Crypto Assets Solana, the native crypto token of the Solana Network, has recently overtaken Binance Coin to secure the 4th position among crypto assets in terms of ranking. This significant development was revealed by Santiment, a prominent market intelligence company, on its official X account. 📈 Solana has made history today, surpassing Binance Coin to move into the #4 spot in crypto for the 1st time in its 4+ years of trading. Expect the two assets to be in close proximity to one another, but SOL’s +35% growth vs. BNB’s +10%…

Bitcoin Price Consolidates Below $68,500: Is Another Surge Imminent? Bitcoin price has remained below the $68,500 resistance zone, entering a consolidation phase while maintaining its gains. BTC is currently trading above $66,800 and the 100-hourly Simple Moving Average, potentially gearing up for a fresh upward move. A key bullish trend line is forming with support at $62,200 on the hourly chart of the BTC/USD pair (data feed from Kraken), indicating that the pair might extend its gains and break above the $68,500 resistance zone soon. Bitcoin Price Holds Steady Above $67K Bitcoin price recently surged past the $66,500 and $67,000…

Ethereum price is gearing up for a historic rally as a major bullish market structure nears completion, coinciding with the eagerly anticipated start date of Ethereum ETF trading. Despite a 2.9% dip to $3,438 in the last 24 hours, ETH remains stable following the SEC’s approval of nine spot ETH ETF applications. Meanwhile, Bitcoin’s price holds steady above $66,700, just 10% shy of its previous all-time high.

As Bitcoin sustains its price above the $60,000 range, some institutional investors are betting on a positive price trajectory, with call options speculating on a rise to $100,000 by year-end. Despite recent pressures from significant Bitcoin liquidations by the Mt. Gox distribution and sales by the German government, Bitcoin’s price has shown notable resilience. These developments reflect a strong appetite for large-scale cryptocurrency investments, particularly from experienced investors aiming to profit from potential end-of-year rallies. $100,000 Call Options Signal This QCP Capital’s analysis highlights this trend, emphasizing the continued confidence among institutions despite the German government injecting nearly 50,000 BTC…

Market Update: Grayscale’s Fees and Ethereum Foundation’s Moves Impact ETH Grayscale’s Ethereum Trust fee could spark outflows, canceling out potential inflows across Ethereum ETFs. Meanwhile, an Ethereum Foundation-related wallet has been selling ETH on exchanges. Ethereum has the potential to hit a new all-time high if it breaks through key resistance levels. Currently, Ethereum (ETH) is down 0.4% on Thursday, influenced by speculations about the negative impact of Grayscale’s Ethereum Trust fees and the recent ETH sales by the Ethereum Foundation. Daily Market Movers: Grayscale’s Fees and Ethereum Foundation’s Sales The 2.5% fee on Grayscale’s Ethereum Trust has frustrated many…

Fidelity Digital Assets Integrates Litecoin into Cryptocurrency Lineup Fidelity Digital Assets, renowned for its robust investment and financial services, has officially added Litecoin to its cryptocurrency offerings. This marks Litecoin as the third digital currency featured alongside Bitcoin and Ethereum. As a financial giant managing over $12 trillion in assets, Fidelity’s inclusion of Litecoin represents a significant endorsement for the cryptocurrency. This move is expected to attract a broader demographic of investors interested in diversifying their digital asset portfolios through a trusted platform. Litecoin’s Unique Appeal Often referred to as the silver to Bitcoin’s gold, Litecoin offers a unique proposition…