Bitcoin briefly fell to $76,700 after the latest inflation data before rebounding towards $78,000. According to QCP Capital, this “restrained” reaction is a sign that the markets have largely absorbed the prospect of a 25 basis point rate increase. The firm explained that BTC’s technical setup remains constructive at current levels, although conviction still depends … Read more
Ethereum developers have tentatively scheduled the Glamsterdam upgrade for Ethereum’s Sepolia testnet on October 6 at 1:53 p.m. UTC, although private dev testing continues to uncover bugs. The date gives developers a path to a mainnet release in December, but it remains conditional on the next phase of testing being able to produce a stable … Read more
Ethereum (ETH) is retesting a resistance line it has only reached twice before, in 2021 and again around 2025, and Crypto trader Patel says this makes this the “biggest breakout setup yet” for the cryptocurrency. In a chart released Friday, Patel charted a path to $5,000, then $10,000, then $15,000 if the line breaks, even … Read more
Ethereum has entered a consolidation phase after a strong recovery from the $1.5k zone. The cryptocurrency is now trading slightly below $2.5k, remaining relatively firm despite repeated testing of the upper end of its recent range. Meanwhile, foreign exchange reserves continue to decline, pointing to a potentially constructive supply-side environment. Ethereum Price Analysis: The Daily … Read more
Spot exchange-traded funds tracking the largest cryptocurrency attracted nearly $1 billion last week, despite the $236 million in net outflows recorded on September 1. Ethereum ETFs were also well in the green. They have recorded more entries than exits in eight of the last nine weeks. BTC ETFs see another $1 billion in inflows The … Read more
Ethereum Hits New Blob Usage Record | Without a bank Rollups pushed Ethereum blob usage to an ATH this week, with the highest demand ever seen. Ethereum ecosystem blob usage just reached a new absolute recordwith a current 3D moving average of 5.9 blobs per block and a daily average of 6.7, according to data … Read more