Author: Digicoinvision
Following an all-time high (ATH) reached last August, Ethereum (ETH), the market’s second-largest cryptocurrency, has found itself in a consolidation phase, trading between $4,200 and $4,700. This price range reflects a broader stagnation in the cryptocurrency market, as various digital assets, including Bitcoin (BTC), struggle to regain the momentum that led both BTC and ETH reach new records above $124,000 and $4,9000 respectively. Notably, Citigroup, the third-largest investment bank in the United States, has tempered expectations for the Ethereum price, forecasting a year-end price target of $4,300 for the altcoin. Citi Forecasts Moderate ETF Inflows Into Ethereum According to a…
The Cathie Wood-led ARK Invest has bought more than 160,000 shares in the crypto exchange Bullish in the asset manager’s latest scoop of crypto-related stocks.In a filing on Tuesday, the company revealed it bought around $8.21 million worth of Bullish shares across two of its funds, the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW), with the funds buying up 120,609 shares and 40,574 shares, respectively.The firm now holds over $129 million worth of Bullish stock across ARKK, ARKW, and its ARK Fintech Innovation ETF (ARKF).ARK Invest bought more than 160,000 shares in Bullish across ARKK…
The Cathie Wood-led ARK Invest has bought more than 160,000 shares in the crypto exchange Bullish in the asset manager’s latest scoop of crypto-related stocks.In a filing on Tuesday, the company revealed it bought around $8.21 million worth of Bullish shares across two of its funds, the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW), with the funds buying up 120,609 shares and 40,574 shares, respectively.The firm now holds over $129 million worth of Bullish stock across ARKK, ARKW, and its ARK Fintech Innovation ETF (ARKF).ARK Invest bought more than 160,000 shares in Bullish across ARKK…
Key Takeaways What changed for Ethereum ETFs last week? U.S. spot ETFs saw 27,219 ETH inflows after 192,100 ETH outflows, signaling institutional accumulation. What signals confirm ETH’s bullish momentum? Spot ETFs added 27,219 ETH, Exchange Reserves dropped to $77.691 billion, and Funding Rates stayed positive. Since last week, Ethereum [ETH] spot ETFs in the U.S. have recorded inflows of 27,219 ETH, reversing the prior week’s heavy outflows of 192,100 ETH. Source: Glassnode This sharp swing highlighted renewed investor appetite after a phase dominated by selling pressure. Moreover, the return to net positive flows suggested that institutions may once again be…
The hangover from the paper bitcoin summer delusion has arrived, swiftly and painfully. We see it, not in the bitcoin price, which is once more calmly and unremarkably ticking upward — pushing up against $117,000 Tuesday evening — but in the stock prices of bitcoin treasury companies. They’re all getting slaughtered: Look at the graphs of $MSTR, Metaplanet, $NAKA, H100, Smarter Web Company and they all look the same — shitcoin-style pump into the heavens, followed by a drawn-out decline back to where they started (or well below it). For a while there, we — and the rest of Wall…
Join Our Telegram channel to stay up to date on breaking news coverage Shares in the healthcare-turned-Bitcoin treasury company KindlyMD plummeted over 55% after CEO David Bailey urged short-term traders to sell if they are only looking for quick profits. “For those shareholders who have come looking for a trade, I encourage you to exit,” Bailey wrote in a letter to shareholders. ”We view this moment as a critical opportunity for us to establish our base of aligned shareholders who are committed to our long-term vision.” KindlyMD share price (Source: Google Finance) That steep drop has taken the company’s share…
Helius Medical has raised over $500 million in an oversubscribed offering to launch a solana-focused treasury vehicle, positioning SOL as its primary reserve asset with plans to leverage its yield and onchain growth. Pantera Capital and Summer Capital Back Helius With Key Funding for Solana Treasury Helius Medical Technologies (Nasdaq: HSDT) has announced over $500 […]
Shares of SharpLink Gaming fell slightly even as the Ethereum treasury firm pressed forward with its ambitious stock repurchase program, buying another 1 million shares.The company, which trades under the ticker SBET, said the latest purchases were executed at an average price of $16.67 each. Despite the move, SharpLink’s stock slipped 2.8% to $16.32 by late afternoon in New York.The buybacks are part of a $1.5 billion authorization approved in August. To date, the firm has retired nearly 1.93 million shares for about $32 million, funding the purchases with cash reserves, staking income, and other financing rather than debt.Ethereum reserves…
Bitcoin Golden Cross has put the market back in focus. While BTC rallies, traders are also watching Chainlink and MAGACOIN FINANCE as some of the best crypto to buy for 2025. Bitcoin Golden Cross Signals New Rally Bitcoin is trading near $115,400 today after flashing one of its most followed technical signals — the Golden Cross. According to analyst Merlijn The Trader, this is only the fourth time in Bitcoin’s history that the pattern has appeared. Previous Golden Cross events delivered rallies of 264% in 2016, over 2200% in 2017, and nearly 1190% in 2020. Traders are now speculating that…
Bitmine Chairman Tom Lee forecasts that bitcoin and ether could rally sharply within three months if the Federal Reserve begins cutting rates. He also highlighted the Nasdaq-100 as a likely beneficiary. Tom Lee: Fed Cuts Could Spark Major Moves for Bitcoin and Ethereum Tom Lee, Chairman of Bitmine, believes the Federal Reserve’s next policy move […]