Ethereum Price Continues to Bleed to Bitcoin amid US Regulatory Scrutiny
The upcoming final decision on the spot Ethereum ETF in the United States has further caused short-term fear in the altcoin industry.
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The upcoming final decision on the spot Ethereum ETF in the United States has further caused short-term fear in the altcoin industry.
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Amidst the recent market downturn, which resulted in over $130 million being liquidated, the crypto market’s current market capitalization is approximately $2.26 trillion.
XRP price, which had already been showing signs of a pullback in the last seven days, experienced a further decline to dip below the $0.5 threshold.
Robert Kiyosaki has recently been very critical about the state of the US economy going ahead. Kiyosaki predicts a major crash in the US market over the coming time.
Besides the rising activity on SociaFi, Franklin Templeton also attributed the rise in activity on Base to meme coins and an increase in the supply of Circle’s USDC stablecoin on the network.
Nick Carr, chief strategist at Stand With Crypto, says their goal is to support politicians who support the crypto community’s rights.
While KuCoin has already paid a fine of $41K and resumed operations in India, Binance is yet to complete compliance proceedings.
The Komodo exec said the UAE is doing a lot more than the US is, to facilitate crypto adoption by supporting businesses.
Long-term holders seem reluctant to engage in mass selling at present ETH prices, even though many have already attained considerable profit margins.
This current drop in the Bitcoin Kimchi Premium comes as trading volumes on South Korea’s top five crypto exchanges plummet.
Many crypto traders believe that the iPhone maker’s brief acknowledgment of the software has propelled the recent surge in RNDR.
In a similar manner to the Hong Kong spot Bitcoin ETFs, their US counterparts also experienced a net outflow of $11.29 million on Thursday.
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Metaplanet’s shift to Bitcoin is a significant step for the crypto community; it signals a growing trend of institutional adoption of cryptocurrencies.