Cryptopolitan reports a significant shift in the cryptocurrency market as institutional investors increasingly favor Ethereum and Solana over Bitcoin. This trend stems from new investment products that facilitate institutional cryptocurrency purchases.
According to CoinDesk, by Tuesday, the wait time in the Ethereum validator exit queue reached a record for more than a year. This indicates the desire of stakeholders to withdraw funds as soon as possible after the significant rise in ETH prices.
According to the Financial Times, JPMorgan Chase could start offering loans backed by cryptocurrency holdings, such as Bitcoin and Ethereum, as early as next year. This move comes as Bank of America and other major financial institutions actively work on developing stablecoins.
Cryptopolitan reports a significant shift in the cryptocurrency market as institutional investors increasingly favor Ethereum and Solana over Bitcoin. This trend stems from new investment products that facilitate institutional cryptocurrency purchases.
Ethereum's price has surged over 25% in the past week, approaching $3,755, as CoinDesk analysts attribute the rally to high short interest and potential liquidations.
According to CoinGecko, the global cryptocurrency market capitalization surged past $4 trillion on Friday, marking a significant milestone in the asset class's evolution from niche to mainstream in the financial ecosystem.
The United States House of Representatives formally passed the landmark Digital Asset Market Structure Clarity Act (CLARITY), designed to address long-standing confusion over the classification of cryptocurrencies in the US financial system.
Amid the promotion of key cryptocurrency legislation approved by US President Donald Trump, American exchange-traded funds (ETFs) on Ethereum showed record inflows and trading volumes, Bloomberg reports.
Bloomberg reports that President Donald Trump's announced "crypto week" featured the longest procedural vote in US House of Representatives history. The initiative, supporting cryptocurrency development, includes advancing a stablecoin bill.
Analysts at Consensys predict that, based on their "Cost-to-Corrupt" model, which evaluates blockchain security and reliability, ETH is set to surge to $15,800 by 2028. They anticipate Ethereum evolving into a global financial infrastructure that supports verifiable and trustless systems.
This week, the price of Ethereum rose, surpassing the $3,000 mark for the first time in several months. Its total market capitalization reached $356 billion, strengthening its position as the second-largest cryptocurrency.
Ethereum is the world's second largest cryptocurrency after bitcoin. It allows creating and managing smart contracts and decentralized platforms. The coin is actively used in the blockchain, and is also popular in the NFT, DeFi, and other digital services.
Major factors that determine the value of ETH include:
The liquidity of Ethereum is supported by its extensive application within the financial sector and across different blockchain projects.
Moreover, an extensive ecosystem of NFTs, decentralized exchanges, and new digital solutions creates a stable interest in the cryptocurrency.
Forecasting the ETH price is a complex task, as it is formed under the influence of many factors. For successful trading and investing, it's important to take into account regulatory changes and analyze network activity.
