Search
Search
Bitcoin and Ethereum Surge to Record Highs on Spot ETF

Bitcoin and Ethereum Surge to Record Highs on Spot ETF Developments

0
0

376 Listen to this article Ethereum (ETH) Soars by 12.30% as BlackRock Submits 19b-4 Filing On Thursday, Ethereum (ETH) witnessed […]

Latest News

Listen to this article

Ethereum (ETH) Soars by 12.30% as BlackRock Submits 19b-4 Filing

On Thursday, Ethereum (ETH) witnessed an impressive surge of 12.30%, reaching $2,121 by the end of the session. The rally was triggered by the news of BlackRock (BLK) submitting a 19b-4 filing with the Nasdaq. Bloomberg Intelligence Analyst James Seyffart confirmed the BlackRock Ethereum ETF, stating, “UPDATE: BlackRock Ethereum ETF confirmed. They just submitted a 19b-4 filing with the Nasdaq.”

Seyffart also listed other pending ETH-spot ETF filings awaiting SEC decisions, including applications from VanEck, ArkInvest/21Shares, Hashdex, Invesco/Galaxy, and Grayscale’s filing to convert the Ethereum Trust into a spot ETF.

Bloomberg Intelligence Analyst Eric Balchunas noted the market’s reaction to the BlackRock filing, stating, “No shocker, Ether up 8% on the news,” emphasizing the significance of the event.

Read Also: ARK Invest’s Maiden Spot Ether ETF Application Submitted to SEC

RocketFuel Partners with Ripple for Efficient Global Payments

RocketFuel, Inc. announced a strategic partnership with Ripple on Wednesday. This collaboration aims to adopt Ripple Payments to meet the growing demand for faster, more reliable, and cost-effective FIAT payments to merchants and partners globally. Brendan Berry, Head of Payments Product at Ripple, highlighted the transformative impact of the partnership, stating, “Through partners like RocketFuel, we empower businesses globally by providing efficient and cost-effective payment solutions through the power of crypto and blockchain.

Read Also:  EOS Price Prediction 2023-2030

Polygon (MATIC) Surges 22% Amidst Polygon Village Relaunch

Polygon (MATIC) experienced a remarkable 22% increase this week, attributed to the relaunch of Polygon Village by Polygon Labs. The announcement emphasized the enhancements to Polygon Village, including a grant program exceeding 110 million in MATIC, deep mentoring, and ecosystem support for Web3 founders.

Read Also: Nasdaq Files for BlackRock’s iShares Ethereum Trust ETF

Technical Analysis

Bitcoin Analysis

BTC maintained positions above the 50-day and 200-day EMAs. A breakthrough above the $37,600 resistance level and Thursday’s high of $38,020 could propel BTC towards the $40,000 mark. However, a drop below the $36,400 support level may bring the $35,265 support level into play. With the 14-Daily RSI reading at 79.54, BTC sits in overbought territory, indicating potential selling pressure without favorable BTC-spot ETF-related news.

Read Also: Bankrupt Crypto Lender Celsius Seeks Deadline Extension

Ethereum Analysis

ETH held above the 50-day and 200-day EMAs, showcasing a bullish trend. Breaking through $2,150 could set ETH on a course for $2,300. Conversely, a drop below $2,050 might bring the $2,021 support level and sub-$2,000 into focus. The 14-period Daily RSI at 80.90 suggests overbought conditions for ETH, emphasizing the potential for intensified selling pressure at $2,150 without favorable cryptocurrency-related events.

For the Latest Crypto News follow the Coinography and Subscribe our YouTube channel or follow us on social media platforms like Twitter, Facebook, Instagram and LinkedIn.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

0
Would love your thoughts, please comment.x
()
x
Scroll to Top
Bitcoin ETFs Surge as Investors Seek Exposure Coinbase, Andreessen Horowitz, and Ripple have joined forces to fund a new crypto DMM Bitcoin Hit by $305M Hack Ripple Releases 1 Billion XRP Tokens What to Expect from Bitcoin’s Price Rally in H2 2024 Trump’s MAGA Coin Soars 7% While Biden Parody Sinks Amid Ex-President’s Trial — NFTs Hold Steady Analyst Warns About Dogecoin Decline CME Denies Solana Futures Plans Amid Growing Rumors Can PEPE flip Polygon? Market cap race heats up! Why Bitcoin Price Is Down Today? Cristiano Ronaldo Launches 4th NFT Collection on Binance Amid $1B Lawsuit Coinbase Alleges SEC Dodging Howey Test in New Appeal Ethereum ETFs Granted Official Approval by SEC Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase