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.
On Tuesday, Ethereum surged by 3%, climbing above $2,400. The rally in ETH was fueled by renewed inflows into crypto-backed exchange-traded funds (ETFs), FXStreet reports.
As reported by CoinDesk, the crypto market remained volatile on Monday after Donald Trump claimed a deal between Iran and Israel was reached. Bitcoin gained nearly 3%, climbing back above $106,000 after dipping to $98,500 earlier.
On Sunday, bitcoin fell below the $100,000 mark for the first time since May, while Ethereum plunged nearly 10% to levels below $2,200. The drop came after the US President announced a military operation in the Middle East.
FXStreet reports an increase in active addresses on the Ethereum network over the past month. The website's experts attribute this growth to the anticipated progress in digital asset regulation following the US Senate's passage of the GENIUS bill on stablecoins.
According to CryptoFrontNews, the total amount of ETH in accumulation addresses of large holders surged to 20 million by 2021. This behavior reflects growing investor confidence in Ethereum. At the same time, according to analysts, the price movement signals growing momentum.
Thailand announces five-year tax exemption for cryptocurrency sales profits. This measure will be in effect from 2025 to 2029 and applies to transactions made through platforms licensed by Thailand's Securities and Exchange Commission.
According to FXStreet, Ethereum held steady near $2,500 on Thursday as market sentiment remained subdued. The asset's stability comes alongside volatile inflows to US Ethereum ETFs, which recorded just $32 million over two days.
Last week, the leading altcoin saw significant institutional capital flow into exchange-traded funds (ETFs), according to Crypto.news. Despite these substantial investments, market participants remain cautious.
The world's largest economies are speeding up their plans to introduce custom digital currencies, known as CBDCs. Yahoo Finance reports that households may soon be able to make commission-free payments through official platforms using these state-backed cryptos.
Brazil’s stock exchange, B3, has begun trading US dollar-settled Ethereum (ETH) and Solana (SOL) futures contracts, using Nasdaq index prices as a reference. This innovation allows investors to profit from cryptocurrencies price fluctuations without directly owning the assets.
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.
