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0 CommentsA Messari analyst sparked heated debate over the weekend after declaring Ethereum is “dying” as network revenue declined in August. In an X post on Saturday, Messari research manager AJC stated that “Ethereum’s fundamentals are collapsing,” as Ethereum’s revenue from fees in August was $39.2 million, down over 40% year-over-year and approximately 20% month-over-month. But many who…
The price of gold hit an all-time high after US President Donald Trump commented on inflation on his social media platform, but Bitcoin was moving in the opposite direction on Monday, in what could be seen as an example of Bitcoin’s “split personality.” Over the past two and a half years, there has been a…
Key takeaways: Bitcoin is dropping below a critical multiyear trendline support, sparking bear market fears. One analyst sees the breakdown as a fakeout, however, suggesting that dips below $100,000 will serve as a buying opportunity. Bitcoin has tumbled more than 13.75% from its record high of $124,500, breaking below its multiyear uptrend support and rattling…
Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex. Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin dominance dipped 6% over the past 30 days. Bitfinex analysts said in a markets report…
BlackRock’s spot Ether exchange-traded fund (ETF) has emerged as one of the fastest-growing ETFs ever, joining the ranks alongside two other cryptocurrency funds. BlackRock’s iShares Ethereum ETF (ETHA) has become the third-fastest ETF to hit $10 billion in total assets under management (AUM), Bloomberg ETF analyst Eric Balchunas reported on Thursday. “Amazingly, it [ETHA] went from $5 billion to…
US banking groups have urged the country’s banking watchdog to postpone its decision on crypto companies’ bank licenses until more details about their plans are public, claiming that allowing the bids would be “a fundamental departure” from current policy. The American Bankers Association and other bank and credit union trade groups said in a letter to the…
