MetaMask Enables U.S. Users To Buy Ethereum With PayPal ... - cyptoranking.com

2024-04-24

Popular crypto exchanges(2023 Update) 2024-04-24
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The relatively lackluster performance of nine new Ether (ETH) futures exchange-traded funds (ETFs) has prompted analysts at K33 Research to urge a “rotate back” into Bitcoin (BTC).In an Oct. 3 market report, analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of Ether futures ETFs only accounting for 0.2% of what the ProShares Bitcoin Strategy ETF (BITO) amassed on its first day of trading in October 2021.While the analysts noted that no one expected to see initial trading volume on the Ether futures ETFs “come anywhere close” to that of the Bitcoin futures ETFs — launched amid a raging bull market — the underwhelming first-day numbers “strongly” missed expectations.Day one trading of ETH futures ETFs accounted for just 0.2% of what BTC futures ETFs amassed in 2021. Source: K33 ResearchThis lack of institutional appetite for Ether ETFs caused Lunde to walk back on his previous advice of increasing ETH allocation to best capitalize on the ETF hype.“The ETH futures ETF launch provides an important lesson for evaluating the impact of easier access to crypto investments for traditional investors: increased institutional access will only create buying pressure if significant unsatiated demand exists,” wrote Lunde.“This is not the case for ETH at the moment.”In the section of the report titled “More chop ahead,” Lunde explained that the vast majority of the crypto market lacks any meaningful short-term price catalysts and will most likely continue on its sideways trajectory for the foreseeable future.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesIn Lunde’s view, this landscape is only really favorable for Bitcoin, which has a potential spot for ETF approval to look forward to early next year, as well as the halving event, which is currently on track for mid-April.“The gravitational pull in crypto for the time being stays in BTC, with a promising event horizon down the line, still favoring aggressive accumulation.”Ben Laidler, global markets strategist at eToro, charted a similar path ahead for crypto assets, albeit with a slightly more bearish sentiment.In emailed comments to Cointelegraph, Laidler pointed to current macro trends as a potential downward trigger for prices of mainstay crypto assets such as Bitcoin.“The Fed and oil prices have been consistently powerful macro influencers on the crypto market in the past couple of years,” wrote Laidler. “At the late stage of the rate hike cycle we’re in, the market is looking for further good news to push on, but with oil prices rising again, this could have a cooling effect on sentiment.”Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.Magazine: Blockchain detectives — Mt. Gox collapse saw birth of Chainalysis According to CoinGecko’s data, as of September 19, 2023, the top 10 video game companies boasted a combined market capitalization of $3,219.6 billion. That reveals the potential market for the industry, considering that the current size of the established gaming giants in the blockchain industry is only $4.8 billion. MetaMask Enables U.S. Users To Buy Ethereum With PayPal ...But here’s the twist — what may spell bad news for financial markets could be good for the broader economy. The Federal Reserve holds a pivotal role in shaping the path for risk assets, and it has just two more meetings before the end of the year. Should the Fed decide to suspend further rate hikes, it could act as a catalyst, triggering market anticipation of an impending rate cut. This anticipation could, in turn, set the stage for a massive risk-on rally across various asset classes, including cryptocurrencies. It seems current that the Q3 correction, which took place in traditional markets and cryptocurrencies, may be coming to an end. If this happens and the U.S. dollar cools down, the coming months could continue the upward trend from earlier this year.

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CoinMarketCap indicated that the cryptocurrency market was hit with a wave of sell volume over the past 24 hours. Subsequently, the market’s collective valuation was down 1.91% and estimated to be around $1.07 trillion at press time. The losses of Bitcoin (BTC), Solana (SOL), and Dogecoin (DOGE) had the biggest impact on the market during the past day of trading. Biggest Crypto Gainers Today on DEXTools – VS, OPOE, QLINDO Singapore|Areas of Availability-GeminiThe amount of supply last active in the last three to five years has also reached a one-month high of more than 2.1 million BTC. Related: Circle launches USDC stablecoin on Polkadot Asset Hub

Don’t miss a moment of SBF’s time in court. Stay up to date with all trial coverage from Blockworks. Cutler: We’re a US-based entity, and that means OFAC SDN is a fact of life for us. We work very hard to be ecosystem aligned, and there are a lot of hard line stances as it relates to OFAC SDN compliance. A number of the public goods funding approaches that were being discussed for relays explicitly carved out relays that were OFAC SDN compliant, and I had some in-depth conversations with [Ethereum Foundation] core devs who basically felt that this was a black and white issue. 12 Most Popular Types Of CryptocurrencyDuring the downturn, DOGE’s market capitalization fell 1.48% to $8,540,913,811, while its 24-hour trading volume increased by 13.45% to $105,208,987. Despite the price correction, the increase suggests increasing trading activity and interest in DOGE. Furthermore, it shows that there is still significant market involvement and room for future price volatility. “Making non-custodial usage as appealing as custodial wallets is a tough challenge, one that may require orders of magnitude more developers, companies, and capital to help figure out.”

US Non-Farm Payrolls September 2023, | Source: Trading Economics So, is crypto mining dead or is there still profit to be made? In this article, we’ll explore the current state of crypto mining and whether it’s worth your time. KuCoin: Crypto Exchange|Bitcoin Exchange|Bitcoin TradingDecentralized Social Network Friend.tech Surpasses $1 Million in 24-Hour Fees, Leaving Uniswap and Bitcoin Behind Bankman-Fried’s attorneys submitted a motion to the court late Monday night asking for permission to cross-examine government witness Gary Wang about how attorneys were involved in structuring and issuing loans from Alameda.

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