2023-10-5 05:03 |
“The gravitational pull in crypto for the time being stays in BTC,” said K33 senior analyst Vetle Lunde.
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On Wednesday, the Bitcoin price rallied toward $38,000 amid expectations of the United States Securities and Exchange Commission (SEC) finally approving the first Spot BTC ETF. The regulator would end up exercising its right to delay its decision further, something that has usually been bearish for the price.
BlackRock has previously also filed for a Bitcoin ETF, for which the SEC approval window is currently open until Nov. 17.
Ethereum price lost ground to Bitcoin as the crypto market rally broke out last week. Here's how whale investors could impact ETH prices in November. The post Ethereum (ETH) Price Could Hit $2,500 in November if This Happens appeared first on BeInCrypto.
Like most altcoins, Ethereum (ETH) has seen its price succumb to the negative market sentiment in recent weeks. This unfavorable market condition has consistently caused the second-largest cryptocurrency to trade beneath the $1,700 level.
Amid industry-wide headwinds, Ethereum (ETH) bulls managed to defend the $1,600 support territory this week. Will the ETF Approval reports trigger a price rebound? The post Ethereum’s Possible Futures ETF Approval: How Will Price React? appeared first on BeInCrypto.
According to Etherscan data, the number of active ERC-20 addresses has not changed much in 2023. It has stayed between 200,000 and 300,000 while Ethereum prices stagnate below July 2023 highs. As of August 2, there were about 275,000 active ERC-20 addresses, up from 156,000 on June 18.