Vibe Check: Ether Finds Support: CoinDesk Indices’ Todd Groth
Periodic observations and market musings from Todd Groth, Head of Research, CoinDesk Indices.
ETH
Celsius to Unstake Thousands of Ether, Possibly Easing ETH Selling Pressure
The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited at crypto exchange Coinbase, data shows.
Bitcoin Could Rally to $50K as Gensler Faces Pressure to Approve ETF, Traders Say
Major tokens solana (SOL), ether (ETH) and Cardano’s ADA started to stabilize early Thursday after dropping more than 10% in the past 24 hours.
Bitcoin Climbs Near $44K as U.S. Stocks Nurse Biggest 3-Month Loss
Overall crypto market capitalization crossed the $1.7 trillion mark on Wednesday for the first time since May 2022.
Bitcoin Could Retract to $36K Before Uptrend Resumes, QCP Capital Says
In a recent note, the Singapore-based investment fund said expects topside resistance for bitcoin in the $45k-$48.5K region.
Bitcoin Hovers Over $41K as Memecoin, Ordinals Frenzy Clogs up Blockchains
Longs continue to get liquidated as the price of bitcoin and other major digital assets gyrate.
Bitcoin, Ether, and Major Altcoins in Deep Red
Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.
Early Ether Investor Moves Nearly $90M ETH to Kraken
Moving to an exchange could suggest the investor is likely to sell the asset for stablecoins or other tokens.
Fidelity Wants to Create an Ether ETF, Joining BlackRock in Doubling Down on Crypto
Gary Gensler’s SEC must now decide what to do about multiple applications for BTC and ETH ETFs (Jesse Hamilton/CoinDesk)
Crypto Futures Funding Rates Normalize After Bitcoin Drops to $35.6K
Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.