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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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Crypto analyst Micahël van de Poppe predicts a potential dip in Bitcoin's price to $55,000-$58,000 before a rebound, ahead of the FOMC meeting. The prediction is based on current market trends and the anticipation of an Ethereum ETF hype in May. The market has been in a slow decline, with significant interest in how the FOMC meeting will impact cryptocurrency prices. Bitcoin and Ethereum have seen year-to-date increases of 35.22% and 26.54%, respectively, despite recent declines.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 3:04 am

Cryptocurrency markets ended April with significant losses, with Bitcoin, Ethereum, and Dogecoin down 16%, 19%, and 40% respectively. The launch of new Hong Kong Bitcoin ETFs, described as potentially a 'complete failure' by WhaleWire, contributed to the downturn. The ETFs' poor performance, with an average of $1.8 million each, marked the worst ETF launch in history. Additionally, $380 million in positions were liquidated in the last 24 hours, with Bitcoin exchange net flows dropping by 16.1%. Analysts note Bitcoin's current position near the 100-day EMA could lead to a major price rebound or further declines.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 8:05 pm

The EigenLayer airdrop, distributing 45% of its 1.67 billion tokens, has sparked excitement and criticism due to its phased rollout, initial non-transferability, and exclusion of certain countries including the U.S. and Canada. The complexity of the tokenomics and exclusion of VPN users have also been contentious points. Despite these issues, the platform's total value remains strong, but recent developments have led to a significant withdrawal of funds. Industry experts suggest future airdrops may prioritize transparency and include anti-Sybil protections.

Portfolio Pulse from Murtuza Merchant

April 30, 2024 | 6:09 pm

Prominent cryptocurrency trader Miles Deutscher shared his top 10 altcoins, emphasizing Ethereum's leadership in the DeFi sector and potential institutional interest. He highlighted the importance of diversification and risk management in crypto investments, mentioning a defensive position amid market fluctuations.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 4:07 pm

Cryptocurrency trader Michael van de Poppe predicts an upcoming altcoin season, emphasizing the importance of market rotations and strategic trading to maximize returns. He highlights the strength in altcoins like Solana and meme coins following the Bitcoin Halving, suggesting a shift towards these alternatives. Van de Poppe also sees Ethereum leading the altcoin charge and considers Chainlink an attractive investment at its current valuation.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 2:45 pm

Cryptocurrency market sees a downturn with Ethereum falling below $3,000 and Bitcoin trading below $62,000. The global crypto market cap dropped to $2.24 trillion, a 2.8% decline. Cronos emerged as the top gainer, while Pendle faced the largest loss among cryptocurrencies over the past 24 hours.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 1:38 pm

Hong Kong's debut of Bitcoin and Ethereum spot ETFs saw a modest first-day trading volume of $12 million, significantly lower than the U.S.'s first Bitcoin ETF launch volume of $4.6 billion. The difference highlights varying investor appetites and regulatory landscapes, with Hong Kong adopting a more lenient approach towards Ethereum compared to the U.S., where regulatory uncertainties persist. The event underscores the global financial community's interest in the future of cryptocurrency ETFs and regulatory frameworks.

Portfolio Pulse from Murtuza Merchant

April 30, 2024 | 12:33 pm

Revolut's customers have significantly increased their holdings in Pepe (PEPE), surpassing Ethereum (ETH) in total holdings. PEPE's price is down 1.3% despite a 309% increase in holdings and a 1,700% increase in dollar value. Shiba Inu (SHIB) also saw growth, with a 23% increase in tokens and a 300% increase in dollar value. Large transaction volumes for PEPE have grown by 11.2%, and 71% of PEPE holders remain in profit despite a 15.5% price drop over the past month. Traders are optimistic about PEPE's potential for a breakout.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 12:10 pm

Bitcoin ETFs experienced significant outflows, with ARKB and GBTC leading the trend with $31.34 million and $24.66 million in outflows respectively. The total net outflow reached $51.53 million on Monday, continuing a three-week trend totaling $435 million in outflows. BlackRock's iShares Bitcoin Trust (IBIT) remained stagnant. The U.S. saw the majority of these outflows, with Grayscale's GBTC accounting for $440 million. Despite this, inflows for the year hit a record $13.6 billion. Altcoins like Solana, Litecoin, and Chainlink saw inflows, indicating a diversification in investor interest.

Portfolio Pulse from Murtuza Merchant

April 30, 2024 | 11:20 am

James Seyffart, an ETF analyst at Bloomberg Intelligence, discussed the performance of Bitcoin ETFs, particularly highlighting the success of BlackRock's iShares Bitcoin Trust (IBIT) as one of the best launches in history with $12-13 billion in inflows since January 11. However, inflows have begun to stagnate, with IBIT experiencing its first day without an inflow after a 72-day streak. Seyffart was skeptical about the launch of an Ethereum ETF before 2025, citing regulatory delays. He also mentioned the potential impact of retirement accounts and institutional investors on Bitcoin ETFs and touched on the upcoming Hong Kong ETFs offering Bitcoin and Ethereum spot ETFs.

Portfolio Pulse from Ivan Crnogatić

April 30, 2024 | 10:55 am

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