And the market’s hype for an “altcoin summer” is building up quickly. Regulatory optimism across the pond in the United States is causing a tidal wave of applications for altcoin exchange-traded funds (ETFs). The U.S. Securities and Exchange Commission (SEC) has received at least 31 altcoin ETF applications in the...
Over the past week the entire crypto market has taken quite the dip, mostly fueled by the increasing tensions between Israel and Iran. This article, decoded and dissected for BlockOpulent.com readers, examines the impact of these geopolitical events on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), offering...
Ether (ETH), the second-largest cryptocurrency by market capitalization, revved up Tuesday morning, quickly climbing over the $2,800 threshold. This increase in the rank all comes from a dramatic increase in spot turnover. Furthermore, we observe ATHs of staked Ether and massive inflows into Ether ETFs (exchange-traded funds).For much of Tuesday,...
Over the past 24 hours, ETH skyrocketed over 13%. This rally was predicated on extremely strong buying pressure and a very bullish market sentiment. The meme-inspired cryptocurrency rose more than 6.5% to $2,744.87, a significant bounce from where it started.The day’s trading session opened with Ethereum (ETH) trading at around...
As you may have noticed last week, Bitcoin and all altcoins started pumping hard. This rally was largely propelled by positive movements in trade relations and increasing optimism over a forthcoming U.S. inflation report. That surge pushed the combined market capitalization of all cryptocurrencies above $3.2 trillion. Speculators have started...
My cousin, God love her, called me last night, all-but vibrating with excitement. "Sophie," she squealed, "Bitcoin's going to the moon! Should I sell my Peugeot and buy some?"That was the moment I realized I needed to write this. The crypto market is abuzz with excitement, propelled by a unique...
Through a recent purchase of $20.1 million BlackRock has further secured its position in the Ethereum market, buying up 10,955 ETH. This move, along with a prior $54 million infusion, demonstrates enormous confidence in the future of Ethereum. This unprecedented investment comes at a time when Ethereum’s price is undergoing...
Solana and Cardano have recently shown signs of getting back in the mix as the overall crypto market finds its footing. Now Solana traces the $150 mark after racing back more than doubling its April low. It’s furthering the USTC’s role in payments and stablecoin settlements. Trading at just under...
Ether was the biggest beneficiary of the recent comeback, shooting up 29% from May 8 to May 9. This widely welcome surge would signal the conclusion of a new 10-week long bear market. It had receded to a nadir of $1,385 on April 9. The rally sparked liquidation of more...
Bitcoin’s epic push above $104,000 is more than a pretty headline—it’s a dramatic permanent change to the crypto environment. Oh, and believe me, this isn’t just BTC’s fight anymore. But as impressive as that is, the real fireworks are just getting started with the altcoin market. We're staring down the...
