Author: Sollcrypto

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…

Ethereum ETFs are set to propel ETH to a new all-time high above $5,000, according to Bitwise. Citi predicts ETH ETFs will attract around $5 billion in net inflows within six months of their launch. Trader Peter Brandt suggests ETH could rally 60% if it makes a key move. Ethereum (ETH) rose nearly 2% on Tuesday following predictions from Bitwise Chief Investment Officer (CIO) Matt Hougan that ETH ETFs could push ETH to a new all-time high above $5,000. Predictions from Citi Bank and trader Peter Brandt support Hougan’s outlook. Daily Digest Market Movers: Ethereum ETFs Crucial for New All-Time…

Samson Mow, CEO of Jan3, has shared a post on the X platform (formerly known as Twitter), identifying a key price level at which BTC is expected to skyrocket. He also addressed the recent Bitcoin price decline that shocked the cryptocurrency market. Here’s When the Bitcoin Bull Run Will Begin, According to Mow Samson Mow addressed the global crypto community to share his perspective on when Bitcoin will initiate its next massive bull run. Mow believes this is likely to begin once the world’s leading cryptocurrency reaches the $100,000 mark. Despite Bitcoin’s recent significant decline and its failure to reach…

Traders anticipate a bitcoin rally to $70,000, buoyed by an improved macro environment and the potential for a crypto-friendly U.S. administration under Donald Trump. Reduced selling pressure from key wallets and a more favorable political outlook for the crypto sector have bolstered bullish sentiment, despite recent volatility and concerns over Mt. Gox repayments. Bitcoin (BTC) traders expect prices to reach as high as $70,000 in the near term, as sentiment around the broader crypto sector improves ahead of the U.S. elections and selling pressure from key wallets decreases. “The rebound in Bitcoin price reflects the market’s more optimistic outlook in…

Bitcoin Surges Above $64,000 as Major Crypto Stocks Rally Bitcoin jumped above $64,000 for the first time in nearly a month on Monday, boosting the share prices of major stocks associated with the asset as traders responded to shifting market conditions. The world’s largest cryptocurrency by market capitalization rose 5.7% to $64,680, recovering from losses incurred at the end of last month due to fears of Bitcoin sales in Germany, according to CoinGecko data. The price has since dipped slightly to $64,550 at the time of writing. U.S. Federal Reserve rate cuts and an evolving political landscape in Washington are…

Ethereum Price Gains Momentum Above $3,350 Resistance Ethereum is demonstrating strength, having tested the $3,500 level.The price is trading above $3,350 and the 100-hour Simple Moving Average.A key bullish trend line is forming with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken).The pair could continue to rise above the $3,500 and $3,550 resistance levels. Ethereum Price Rises 10% as Bulls Take Charge Ethereum Price Surges Above Key Resistance Levels Ethereum price initiated a significant increase, breaking above the $3,250 resistance zone. ETH climbed further, surpassing the $3,350 resistance, moving into a positive zone. It eventually…

On Monday, July 13, Solana’s price surged past the $150 resistance level, marking a gain of over 25% from the weekend. Trading volume trends indicate aggressive buying activity, suggesting that SOL prices could continue to rise in the coming days. Solana Price Breaks $150 Barrier Amid Surge in Weekend Demand After a turbulent start to the month, sentiment in the broader crypto market has flipped bullish over the past 72 hours. Resurgent bull traders flocked to Solana over the weekend, driven by back-to-back dovish macroeconomic indicators from the latest US Non-Farm Jobs and Consumer Price Index (CPI) data. This weekend’s…

Speculation is mounting online about a potential shift in China’s stance on Bitcoin (BTC). If true, this could significantly impact the global cryptocurrency market. Mike Novogratz, a prominent investor in the crypto sector, has acknowledged the recent rumors and highlighted their potential implications. He mentioned hearing similar speculation recently and expressed curiosity about its validity: “If this is true, and it’s the second time I’ve heard it in weeks, it’s a huge deal. Anyone have insight??” he tweeted on July 15, 2024. China has had a complex relationship with Bitcoin. Initially, the country embraced the technology, even launching a domestic…

Bitcoin (BTC) and Altcoins Continue Decline: Investor Sentiment and Survey Results The decline in Bitcoin (BTC) and altcoins, which began in June, persisted into the first week of July, causing concern among investors and sparking speculation that the bull market might be over. To understand investor sentiment, Coingecko conducted a survey gauging predictions about the market’s future. According to the survey, a majority of cryptocurrency investors, 81.6%, believe that the crypto bull run is not over. Breaking down the numbers, 52.3% of respondents think the current bull run is still in its early stages, while 29.3% believe it is in…