[ad_1] Ethereum, the cryptocurrency with the second-largest market capitalization, is about to enter a state of unnerving quiet. The chart is starting to show the inertia caused by the broader price action even though the asset is still above important short-term moving averages. ETH is currently trading at about $1,825, and it is having difficulty convincingly breaking through local resistance levels. Ethereum’s volume profile is the most obvious cause for concern. Over the past few weeks, daily trading volume has drastically decreased, and it is currently close to historic lows. It appears from this volume collapse that market players are…
Author: NBTC
[ad_1] Bitcoin (BTC) is increasingly cementing its place as a hedge against political instability and monetary uncertainty, according to market commentary from crypto trading firm QCP Capital. QCP Says Bitcoin’s Hedge Role Strengthens as Call Option Activity Increases According to QCP, investors purchased over 500 BTC-30MAY25-104K-C (options expiring on May 30 with a strike price of $104,000) and over 800 BTC-27JUN25-135K-C (options expiring on June 27 with a strike price of $135,000) on Friday alone. This intense buying activity indicates that further upward movements are expected if Bitcoin continues its rise. QCP also noted that Bitcoin’s current rally is “fundamentally…
[ad_1] Cycle Network, a leading chain abstraction platform, has recently announced a new development. According to Cycle Network, it will support the approaching Ethereum Pectra upgrade, which is scheduled to go live on May 7, 2025. The platform revealed this latest endeavor on its official social media account. 📢【Announcement】Cycle Mainnet to Support Ethereum Pectra UpgradeThe Ethereum mainnet is expected to activate the Pectra upgrade on May 7, 2025.To ensure seamless compatibility with Ethereum’s latest protocol changes, the Cycle mainnet will upgrade its internal Ethereum node… — CYCLE NETWORK ｜🛫 Dubai (@cyclenetwork_GO) May 3, 2025 Cycle Network Provides Support for Latest…
[ad_1] Ethereum Holds Ground: What’s Next for ETH Price? Ethereum (ETH) is showing resilience as it continues to trade above a key support zone near $1,800. While short-term performance remains modest, the technical structure suggests that ETH may be gearing up for another upward leg. After a sharp bounce from the $1,500 range, the current sideways movement appears to be a consolidation phase before the next major push. As of now, Ethereum is trading at $1,830, with the following performance metrics: 1-Day Performance: +0.03% 1-Week Performance: +0.84% 1-Month Performance: -0.23% YTD Performance: -41.11% Despite the yearly downtrend, recent movements point…
[ad_1] In a tweet, Coinbase Asset Management revealed it is launching a new fund that aims to deliver a regular yield on a customer’s Bitcoin holdings. The Coinbase Bitcoin Yield Fund, which is set to launch on May 1, represents a conservative strategy that seeks a 4-8% net return in Bitcoin per year, over a market cycle, with investors subscribing and redeeming in Bitcoin. We’re proud to introduce the Coinbase Bitcoin Yield Fund (CBYF), an institutional solution built to invest in bitcoin while seeking a conservative bitcoin yield.Seeking a 4-8% net return in bitcoin, we designed CBYF to lower expected…
[ad_1] The leading altcoin ETH has bucked the broader market downturn over the past 24 hours, posting modest gains of around 1%. At press time, the coin trades at $1,842. This comes as a key momentum metric — the taker buy-sell ratio—surges to its highest level in 30 days, signaling renewed bullish pressure in the asset’s futures market. Traders Eye ETH Upside as Buy Pressure and Build According to CryptoQuant, ETH’s taker-buy-sell ratio is currently at 1.08, marking its highest value since early April. Ethereum Taker Buy Sell Ratio. Source: CryptoQuant This metric measures the ratio between the buy and…
[ad_1] Riot Platforms (NASDAQ: RIOT) produced 463 Bitcoin in April 2025, down 13% from March but up 23% year-over-year, according to its latest unaudited monthly production and operations report. The company also sold 475 Bitcoin for net proceeds of $38.8 million at an average price of $81,731, marking a strategic shift in funding operations. “Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month,” said Jason Les, CEO of Riot. The company closed a significant deal in April, acquiring all tangible assets of Rhodium at its Rockdale Facility, including 125 MW of power…
[ad_1] Cardano (ADA) founder Charles Hoskinson has announced the integration of Bitcoin (BTC) into the Lace wallet. In an update on X, Hoskinson received the leading digital currency with two sentences: “You can now use Bitcoin with Lace. Welcome home, Bitcoin.” Lace: Strengthening Cardano’s multichain vision Notably, Lace is a crypto wallet developed by IOHK, one of the entities behind Cardano. The latest version of Lace 1.22 introduces Bitcoin Beta support, which means users can now store and manage their BTC directly in the Lace wallet. This development was not possible before and is considered a major boost to the…
[ad_1] Ethereum price started a fresh increase above the $1,800 zone. ETH is now correcting gains and trading below the $1,820 support zone. Ethereum remained strong above $1,750 and started a fresh increase The price is trading below $1,820 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $1,835 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,840 resistance zone. Ethereum Price Dips Ethereum price remained supported above the $1,750 zone and started another increase, like Bitcoin. ETH climbed…
[ad_1] This is a segment from the Empire newsletter. To read full editions, subscribe. This morning’s Empire podcast was all things BlackRock. Empire co-host Jason Yanowitz chatted with BlackRock’s Samara Cohen. There’s a lot of insight to be gleaned from Cohen, who’s a powerhouse in her own right, and she certainly delivered. It’s no secret at this point that bitcoin’s not really acting the way some folks think it should — that is, being a safe haven like gold during market downturns. “This is an important moment to play out in terms of how Bitcoin’s price performance does show up.…