Ethereum News Daily Official TheBitTimes.com

For much of the year, the cryptocurrency market has anxiously awaited what token could join Bitcoin and Ethereum with crypto-based ETFs. Now, the market seems as sure as ever about who that could be. Indeed, Ripple has seen its XRP ETF approval odds officially reach an all-time high of 98%. Confidence in the investment product has seemingly never been higher. Moreover, it is rather surprising considering the plethora of delays that the application has received from the US Securities and Exchange Commission (SEC). Now, it seems, the question has shifted to when the product will be approved, as opposed to if. Source: Bitpanda Also Read: Ripple: Someday, XRP Will Hit $10 — Will You Be Ready? Ripple XRP ETF Approval Odds Hit Record High Despite Ongoing SEC Delays In early 2024, the United States saw the inaugural approval of two crypto-based ETFs. Not only did the greenlighted investment vehicle signal a shifting sentiment regarding the asset class, but it was undeniably successful. Specif...

Throughout the first four months of the year, volatility has been the name of the game for the US stock market. Although things shifted upward on Thursday, there is still a prevailing air of uncertainty. Despite that, traders should still believe in Amazon (AMZN), with two key reasons for investors to be bullish on the stock this year. The e-commerce juggernaut has consistently positioned itself among the most promising companies in the world. Amid mega-cap stocks, it is among the most important of the Magnificent 7. Yet, there are reasons to think that it has a better chance than most to navigate the increased uncertainty of this year. Source: CNBC / Brendan Mcdermid / Reuters Also Read: Amazon (AMZN) to Eclipse Nvidia (NVDA) by 2030 Thanks to AI? Amazon Stock Gives Traders Two Key Reasons To Be Bullish This Year On Thursday, the Dow Jones Industrial Average jumped around 500 points at the midpoint of the day. The big catalyst driving the increase was the arrival of a new trade deal b...

The Department Of Government Efficiency price pumped over 11% in the last 24 hours to trade at $0.3078 as of 6:15 a.m. EST as investors go long on the meme coin. With this recent gain, the DOGE price has pushed its weekly performance deeper into the green zone to more than 42%. Department Of Government Efficiency Price Breaks Above The $0.3326 Resistance 4-hour chart for DOGE/USD (Source: GeckoTerminal) The Department Of Government Efficiency price escaped a negative channel in the last few hours, and subsequently breached the $0.3326 resistance level. Now, the meme coin is attempting to flip the barrier at $0.3295 into support. A 4-hour candle close above this mark could then give DOGE the technical foundation needed to rise to as high as $0.3657. On the other hand, a rejection from the $0.3295 resistance or a drop below $0.3326 in the coming 24 hours could mark the end of DOGE’s bullish move. In this alternative case, the Department Of Government Efficiency price might b...

The Brett price surged 21% in the last 24 hours to trade at $0.1141 as of 01:02 a.m. EST on trading volume that soared 66% to $118 million. Brett Price Indicators Signal A Potential Bullish Trend Continuation According to the BRETT/USD chart Analysis on the 4-hour timeframe, the overall trend appears to be shifting from bearish to bullish. There was a prior downtrend in September, followed by a clear bottoming formation around early October, indicating a potential reversal. The Brett price has recently made a sharp rise as the bulls capitalized on the double bottom pattern within the $0.08 support, according to data from GeckoTerminal .  BRETT now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish trend. Moreover, the Relative Strength Index (RSI) value is at 80.53, which places it in overbought territory (above 70 typically indicates overbought conditions). This could mean the asset is overextended in the short term and might face...

Bitcoin approaches the end of April barely moving as BTC price offers little short-term clues on trajectory. Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees BTC price upside capped at $32,500 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it loitered just above $29,000 throughout the weekend. After unsettled price action earlier in the week, Bitcoin returned to sideways trading, with markets witnessing an eerie calm despite the potential for volatility thanks to lower weekend liquidity. As such, traders were hopeful that no unwelcome surprises would greet the candle closes. $BTC / $USD - Update Stablecoin Sunday for # Bitcoin today please pic.twitter.com/4qphyAOssT — Crypto Tony (@CryptoTony__) April 30, 2023 “Nothing has changed,” popular trader Elizy summarized in part of recent Twitter analysis of the 3-day chart. Elizy eyed a potentia...

The seventh edition of JPMorgan's e-Trading Edit asked 835 institutional traders about their plans for trading digital assets in 2023, among other topics. A whopping 72% of institutional e-traders have signaled “no plans to trade crypto/digital coins” in 2023, according to a new survey conducted by JPMorgan. The seventh edition of JPMorgan’s e-Trading Edit surveyed 835 traders from 60 different “global locations” about the technical developments and macroeconomic factors that will influence trading performance in 2023. The survey was conducted between Jan. 3 to Jan. 23, 2023. The survey revealed hesitation among traders around digital assets. Only 14% of respondents said they will either continue to trade in the digital asset market or begin trading this year.  The remaining 14% of respondents, said they didn't plan on investing this year but may do so within the next five years. 92% of the institutional traders surveyed by JPMorgan did not — at the time of the survey — have...