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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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Cryptocurrency markets are experiencing slight declines with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading flat or down. Notable developments include a buying spree by high net worth Bitcoin holders and a significant holding of $831 million in Bitcoin ETFs by Susquehanna International Group. Analysts see more ETF inflows as key to restarting the bull run, with a focus on the potential impact of spot Bitcoin ETFs and the upcoming halving event.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 9:14 pm

SEC Chair Gary Gensler highlighted the disproportionate amount of fraud and scams in the crypto sector, emphasizing the need for robust regulatory oversight. He mentioned the SEC's litigation against Coinbase and discussed the implications for investors using platforms like Robinhood. Gensler's comments underscore the SEC's focus on protecting investors amid the rapid expansion of the crypto market.

Portfolio Pulse from Murtuza Merchant

May 07, 2024 | 2:30 pm

Apatheticwhale, a self-proclaimed meme coin millionaire, shared his strategy for making millions with meme coins, involving creating numerous aged Ethereum and Solana accounts to accumulate 2-4% of several promising projects. He credits his wealth to this method, having applied it successfully to cryptocurrencies like Shiba Inu, Pepe, BabyDoge, and Dogecoin, which he still holds a significant amount of.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 2:12 pm

Bitcoin and Ethereum experienced losses, with Bitcoin falling below the $64,000 mark and Ethereum trading below $3,100. The global crypto market cap decreased by 1.4% to $2.34 trillion. AIOZ Network was the top gainer, while Starknet was the biggest loser among cryptocurrencies over the past 24 hours.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 1:32 pm

Prominent crypto analyst Capo Of Crypto predicts Ethereum (ETH) will outperform Bitcoin (BTC) in the coming days, citing a strong bounce from the support zone and potential bullish continuation for ETH. The analysis also highlights the strength of the ETH/BTC pair and anticipates Ethereum ETFs' approval as a significant upcoming event that could further boost ETH's performance. However, skepticism exists regarding the timeline for Ethereum ETF approval, with some analysts suggesting a delay until 2025.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 11:37 am

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline after Robinhood received a Wells Notice from the SEC, indicating potential enforcement action. This news negatively impacted the sentiment in the cryptocurrency market, with Ethereum leading in liquidations. Despite the downturn in cryptocurrencies, U.S. stock markets traded higher, buoyed by a weaker-than-expected U.S. jobs report which fueled speculation of a potential interest rate cut by the Federal Reserve.

Portfolio Pulse from aniketverma@benzinga.com

May 07, 2024 | 7:10 am

Mark Cuban supports Dogecoin co-founder Billy Markus' social media activity, emphasizing the value of 'positive trolling.' Despite withdrawing from Dogecoin, Markus holds a small amount of DOGE and Bitcoin. Cuban, once a critic of cryptocurrencies, now advocates for Dogecoin, Bitcoin, and Ethereum, even accepting DOGE for Dallas Mavericks tickets and merchandise. Markus' engagement on X and Cuban's support may boost Dogecoin investor confidence, despite a recent decline in social activity around Bitcoin ETFs.

Portfolio Pulse from Kaustubh Bagalkote

May 07, 2024 | 6:27 am

Cryptocurrency markets saw a downturn despite strong ETF inflows on Friday, with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading lower. The market experienced significant liquidations and a drop in exchange outflows. Noteworthy developments include Bitcoin reaching one billion transactions and regulatory attention from the SEC towards Robinhood's crypto business. Analyst Max Keiser highlighted Bitcoin's role in the U.S. economy's challenges.

Portfolio Pulse from Khyathi Dalal

May 06, 2024 | 8:32 pm

Cryptocurrency trader Lark Davis cautions that Bitcoin could still face a correction despite bullish indicators like MACD bull cross and RSI breakout. He notes Bitcoin's strength and potential for a rally, but warns investors not to get overly confident. Davis also discusses the altcoin market, highlighting Ethereum's Layer-2 networks, competition among top blockchains like Cardano, Polkadot, and Avalanche, and the rise of meme coins such as Shiba Inu and Pepe.

Portfolio Pulse from Khyathi Dalal

May 06, 2024 | 5:55 pm

Joe McCann, founder of Asymmetric, expressed a bullish outlook on Solana (SOL), citing its high throughput, low transaction costs, and the upcoming 'Fire Dancer' update aimed at increasing transaction capacity. He compared Solana's potential impact on the crypto market to the role of meme coins and discussed the concept of 'financial nihilism' among younger generations. The discussion anticipates further exploration at the Benzinga Future of Digital Assets event.

Portfolio Pulse from Murtuza Merchant

May 06, 2024 | 4:20 pm

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