The launch of spot Bitcoin exchange-traded funds (ETFs) in January significantly boosted Bitcoin’s price, leading to impressive gains this year. Now, Ethereum has joined the ETF scene, sparking speculation about which cryptocurrency might follow in 2025. Solana, XRP, and Cardano are strong contenders. Solana, ranked fifth in Market cap, is gaining attention for its speed ...
Bitcoin, Ethereum, and Ripple are experiencing significant price drops, closing below key support levels. Bitcoin’s price has fallen below $100,000, indicating a potential further decline, while Ethereum is trading around $3,450 after breaching the $3,522 level. Ripple is facing resistance at $2.21, and a close below this support could lead to a deeper pullback. In ...
Franklin Templeton has filed for a dual cryptocurrency ETF that will track both Bitcoin and Ethereum, coinciding with Bitcoin’s stabilization around the crucial $100,000 level. Analysts believe the U.S. Securities and Exchange Commission (SEC) may approve this ETF proposal along with others from Bitwise and Hashdex next year. The Franklin Crypto Index ETF aims to ...
The crypto Market is showing caution as investors await the Federal Reserve’s rate decision. There are whispers of a possible rate cut that could encourage more risk-taking in the economy, but analysts predict a slight revision in future rate cut projections for 2025. Consequently, major cryptocurrencies like Bitcoin and Ether have dipped by nearly 2%. ...
The cryptocurrency Market is experiencing caution ahead of the Federal Reserve’s interest rate decision. Investors are speculating about a potential rate cut, which could affect risk-taking behaviors in the economy. However, the Fed may signal fewer rate cuts for 2025 than previously expected, leading to a decline in the prices of major cryptocurrencies like Bitcoin ...
Bloomberg analysts Eric Balchunas and James Seyffart predict a major launch of cryptocurrency exchange-traded funds (ETFs) in 2025, driven by potential changes in U.S. Securities and Exchange Commission leadership. They anticipate new ETFs for top cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, and Litecoin, with Bitcoin and Ethereum funds likely leading the Market. However, legal challenges ...
On Wednesday, Bitcoin’s price saw a slight decline after reaching a new all-time high of $108,353 the day before, currently trading around $105,019. Ethereum, facing resistance near the $4,000 mark, experienced a drop to approximately $3,858, indicating possible further correction. Ripple also traded lower at about $2.53 after recently testing $2.66, suggesting potential pullbacks ahead. ...
In recent weeks, Bitcoin has gained significant attention, soaring nearly 50% to reach a new high near $107,000. Meanwhile, Ethereum has had a quieter year, with modest gains of just 5%. However, experts believe that 2025 could be a turning point for Ethereum. Factors like the potential for an altcoin season, increasing interest in Ethereum ...
The cryptocurrency Market is experiencing significant change, fueled by increasing interest from institutional investors, particularly in Bitcoin and Ethereum. BlackRock is leading the charge by developing dedicated financial products, with their Bitcoin fund, IBIT, surpassing $54 billion in assets under management, and their Ethereum fund, ETHA, nearing $4 billion. This indicates a vast, untapped demand ...
The Financial Accounting Standards Board (FASB) has introduced a new Fair Value accounting rule for cryptocurrencies, set to take effect on December 15, 2024. This rule requires companies to measure their cryptocurrency holdings like Bitcoin and Ethereum at their fair Market value in each reporting period, thus reflecting any gains or losses. Previously, cryptocurrencies were ...
