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Ethereum / US Dollar

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Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

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XRP outperformed Bitcoin and Ethereum, hitting a 4-month high of $0.65 with an 8% increase in the last 24 hours. Prominent analyst Ali Martinez predicts a bullish breakout if XRP surpasses $0.90. Despite this, XRP has lagged behind the broader market in 2024.

Portfolio Pulse from Aniket Verma

July 31, 2024 | 4:21 am

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, edged lower as Mt. Gox moved billions in Bitcoin out of its cold wallet. Ethereum saw net outflows from newly-listed spot ETFs, but analysts predict a potential bull run for ETH. The Nasdaq Composite and S&P 500 slipped, while the Dow Jones gained ahead of Microsoft's earnings report.

Portfolio Pulse from Aniket Verma

July 31, 2024 | 3:01 am

A trader on Polymarket lost $72,000 after betting on Trump's victory in the upcoming presidential elections. Trump's odds fell 12% after Kamala Harris replaced Biden as the Democratic nominee. Polymarket, built on Ethereum's Layer-2 chain Polygon, has become a leading prediction market for U.S. elections.

Portfolio Pulse from Aniket Verma

July 31, 2024 | 1:39 am

Cryptocurrency markets are down, with Bitcoin, Ethereum, and Dogecoin experiencing declines. Grayscale is introducing a new Bitcoin ETF. Despite the downturn, analysts suggest Bitcoin is on track for a September breakout. Notable developments include Russia greenlighting crypto for cross-border payments and the SEC amending its complaint against Binance.

Portfolio Pulse from Khyathi Dalal

July 30, 2024 | 8:13 pm

The announcement of a new Shiba Inu puppy, Neiro, by the owner of the original Dogecoin meme coin dog, Kabosu, has led to a surge in Neiro-themed token creation on the Solana blockchain. This has resulted in significant trading activity and market capitalization for some tokens, pushing Solana's transaction volume above Ethereum's. Kabosu's owner has distanced herself from these tokens, warning of potential scams.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 2:49 pm

The Grayscale Bitcoin Trust (GBTC) is down 10% in pre-market trading following Grayscale Investments' announcement of a spinoff into a new ETF, the Grayscale Bitcoin Mini Trust (BTC). Current GBTC shareholders will receive shares in the new ETF proportional to their GBTC holdings. The spinoff is expected to result in a value shift for investors, with 10% of GBTC's value moving to the new ETF.

Portfolio Pulse from Navdeep Yadav

July 30, 2024 | 1:44 pm

Bitcoin spot ETFs saw net inflows for the fourth consecutive day, while Ethereum ETFs experienced continued outflows. BlackRock's Bitcoin ETF led with $206 million in new investments, whereas Grayscale's Bitcoin ETF saw outflows of $54.2931 million. Ethereum ETFs faced a net outflow of $98.2856 million, with Grayscale's Ethereum ETF losing $210 million. However, BlackRock's and Fidelity's Ethereum ETFs attracted inflows.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 11:31 am

Bitcoin and Dogecoin experienced declines while Ethereum saw gains as the U.S. government moved $2 billion worth of Bitcoin, causing market panic. The S&P 500 and Nasdaq Composite saw slight increases, while the Dow Jones Industrial Average fell. Investors are looking forward to earnings reports from Microsoft and Apple. Economist Alex Krüger linked Bitcoin's correction to Vice President Kamala Harris's positive polling results.

Portfolio Pulse from Aniket Verma

July 30, 2024 | 2:22 am

Cryptocurrency markets are experiencing choppy price action ahead of the FOMC meeting on Wednesday. Bitcoin and Dogecoin have erased earlier gains, while Ethereum is holding on. Notable developments include the U.S. government moving $2 billion worth of Bitcoin and the U.S. Marshall Service sending Bitcoin to Coinbase for custodianship. Crypto-related stocks like Coinbase and Marathon Digital surged following pro-Bitcoin comments from Donald Trump.

Portfolio Pulse from Khyathi Dalal

July 29, 2024 | 8:26 pm

Prominent analysts predict a significant move for Ethereum (ETH) after Bitcoin's rally concludes. Ethereum is currently consolidating around $3,100, with potential to break above $3,500 and rally to $3,800-$4,000. Despite recent outflows, Ethereum ETFs saw $1.18 billion in inflows during their first week. Increased daily active addresses and a high percentage of profitable holders indicate strong interest, though large transaction volumes have dropped.

Portfolio Pulse from Khyathi Dalal

July 29, 2024 | 6:07 pm

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