Ethereum News Daily Official TheBitTimes.com

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The price of Ethereum (ETH) is soaring, with the asset hitting its highest level since 2021 and firmly establishing itself above the $4,000 mark. Amid this rally, an artificial intelligence tool projects the asset could potentially climb past $5,000 by the end of 2025. At press time, the second-ranked cryptocurrency was trading at $4,188, having rallied over 7% in the past 24 hours. On the weekly chart, ETH is up almost 20%. ETH seven-day price chart. Source: Finbold This momentum has been partly fueled by increased institutional demand. U.S. spot Ethereum ETFs recorded $461 million in net inflows on August 8, led by BlackRock’s ETHA with $254.7 million. Fidelity’s FETH followed with $132.3 million, while Grayscale’s ETHE and ETH products added $26.8 million and $38.2 million, respectively. From a technical perspective, Analysis by cryptocurrency trading expert Ali Martinez in an X post on August 8 suggested that after breaching $4,000, Ethereum’s next target is l...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Ripple is XRP’s largest holder and core entity in its development, directly linked to the token’s creation and initial distribution. On March 1, Saturday, Ripple will unlock 1 billion XRP that has not yet been put in circulation, impacting markets. Precisely, the unlock has a nominal value of $2.03 billion at current prices and could create significant selling pressure. However, activity from previous months hints that the company may only sell a fraction of the 1 billion XRP. When XRP was launched in 2012, Ripple kept 80 billion of the supply out of circulation to itself, gradually selling some units, distributing it to the market. In 2017, the company implemented an escrow system to lock the still undistributed 55 billion XRP, with programmed monthly unlocks. Picks for you Vanar Chain partners up with Worldpay to promote Web3 payment inn...

A mysterious Bitcoin (BTC) whale from the Satoshi era has moved again, raising more questions about its dormant intentions. In a single move, the mysterious whale deposited 2,000 BTC from different anonymous addresses into a single Coinbase account. As developed, the whale consolidated 40 addresses holding 50 BTC each from Bitcoin’s mining rewards (coinbase) to make the deposit. These were Pay-to-Public-Key-Hash (P2PKH) addresses, used to make their traceability difficult when deciding to move these funds in the future. Transaction 983311045cf0bbf09b9469ed9699585194285494d048a96058e9dd444b33b7ae. Source: mempool.space / Finbold Sani, the founder of TimeChain Index, spotted the mysterious movement, posting about it on November 15. Picks for you Lee Zeldin’s net worth revealed: How rich is Trump’s nominee for the Environmental Protectio...

With Bitcoin (BTC) hovering below $70,000,  the record-breaking futures open interest may offer clues about its next price movement. As it stands, Bitcoin’s futures open interest hit an all-time high of almost $40.5 billion on October 21, according to data retrieved by Finbold from the crypto on-chain Analysis platform CoinGlass. Bitcoin futures open interest. Source: CoinGlass Implication of Bitcoin’s futures open interest  Open interest refers to the value or number of outstanding futures contracts that have yet to expire. Typically, this metric measures the amount of money invested in Bitcoin derivatives at any given time.  Picks for you ChatGPT-4o predicts Silver price for end of 2024 1 hour ago Meme coin h...