Streetbeat News

ETHUSD

Ethereum / US Dollar

Industry

Digital Currency

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Cryptocurrency markets are mixed with Bitcoin and Dogecoin trading sideways, while Ethereum is down. Notable developments include Ferrari expanding crypto payments in Europe, Peter Thiel's investment in Pudgy Penguins, and Riot Platforms becoming the second-largest US-listed miner. Analysts highlight $66,000 as a crucial support level for Bitcoin.

Portfolio Pulse from Khyathi Dalal

July 24, 2024 | 8:17 pm

Spot Ethereum ETFs had a strong first trading day, with significant inflows and trading volumes. Analysts are optimistic about Ethereum's price breaking its current consolidation and reaching new all-time highs. Major demand was noted for BlackRock's and Bitwise's products, while Grayscale saw outflows.

Portfolio Pulse from Khyathi Dalal

July 24, 2024 | 7:02 pm

Igloo Inc, the parent company of Pudgy Penguins, has raised $11 million in a funding round led by Founders Fund to develop Abstract, a blockchain aimed at mass consumer adoption of cryptocurrency. Pudgy Penguins' consumer products are available in major retailers like Walmart, Target, Five Below, and Amazon.

Portfolio Pulse from Chris Katje

July 24, 2024 | 3:23 pm

Ferrari is expanding its cryptocurrency payment options to European dealerships by the end of July, following a successful launch in the U.S. The luxury carmaker will accept Bitcoin, Ethereum, and USD Coin for vehicle purchases, aiming to implement this globally by the end of 2024.

Portfolio Pulse from Murtuza Merchant

July 24, 2024 | 3:20 pm

The launch of Ethereum ETFs in the U.S. saw a strong start with $107 million in net inflows on the first day. BlackRock's iShares Ethereum Trust (ETHA) led with $266.55 million, followed by Bitwise Ethereum (ETHW) and Fidelity Ethereum Fund (FETH). Bitcoin ETFs, however, experienced net outflows, with Grayscale (GBTC), Ark & 21Shares (ARKA), and Bitwise (BITB) seeing significant outflows, while BlackRock's Bitcoin ETF (IBIT) had a net inflow.

Portfolio Pulse from Murtuza Merchant

July 24, 2024 | 12:04 pm

Economist Peter Schiff conducted a poll on X, asking Bitcoin HODLers if they would sell their holdings if Bitcoin's value dropped below $15,000. The majority (85.3%) said they would continue to hold. Schiff also questioned the existence of Bitcoin ETFs, noting net outflows of $77.97 million across 11 spot Bitcoin ETFs. The iShares Bitcoin Trust (NASDAQ:IBIT) saw inflows of $71.94 million, while the Grayscale Bitcoin Trust (NYSE:GBTC) experienced outflows of $27.31 million.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 4:01 am

Bitcoin and Dogecoin saw declines while Ethereum remained steady amid Mt. Gox payouts. Bitcoin dropped to the $65,000 range as creditors received BTC on Kraken. Ethereum traded within the $3,400-$3,500 range with the debut of spot ETFs. Analysts highlighted key support levels for Bitcoin. The global cryptocurrency market contracted by 2.21%. Stocks also saw slight declines, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all inching lower.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 2:25 am

Vice President Kamala Harris is set to secure the Democratic Party's nomination for the 2024 election and is now tasked with selecting a vice-presidential candidate. Over $16 million has been wagered on Polymarket regarding her choice, with Mark Kelly, Josh Shapiro, Roy Cooper, and Andy Beshear being the top favorites.

Portfolio Pulse from Chris Katje

July 23, 2024 | 9:00 pm

A 10x Research report suggests caution for Ethereum (ETH) investors, indicating that the recent ETF launch might lead to a sell-off rather than a rally. Historical patterns and several factors, including limited marketing efforts, low funding rates, and stagnant network growth, support this view. The report also highlights a potential shift in favor of Solana (SOL) over Ethereum.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 6:39 pm

Nine spot Ethereum ETFs have launched on US exchanges, marking a significant milestone in the mainstream adoption of digital assets. Major financial players like BlackRock, Fidelity, and Grayscale are offering these ETFs, which have seen substantial trading volumes in their early hours. Experts have mixed views on the immediate impact, but agree on the long-term potential for increased institutional involvement and regulatory clarity.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 5:21 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.