A well-known crypto analyst has highlighted a surge in Ethereum (ETH) accumulation by large-scale investors, revealing a significant influx of activity in the market.
Over just four days, crypto whales have reportedly purchased over 280,000 ETH, worth approximately $1 billion. Ethereum is currently trading at $3,725, reflecting a modest 1.5% increase over the past 24 hours.
Institutional interest in Ethereum also appears to be growing. The London-based Farside Investors noted that Ethereum-focused exchange-traded funds (ETFs) have seen increasing inflows, with a total net inflow of $576 million as of November 29, 2024.
Turning attention to Bitcoin, the same analyst suggested that historical patterns point to a potential year-end price exceeding $100,000.
Past data shows that Bitcoin has consistently rallied in December following U.S. presidential elections, with gains of 30% and 46% in the last two cycles. If the trend holds, BTC could reach between $125,000 and $140,000.
A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]
A community-driven initiative launched Monday is inviting Ethereum users to lock art, memories, and personal messages inside a decentralized “time capsule,” set to be opened on the network’s 11th anniversary next year.
A new CryptoQuant report highlights a growing divergence between long-term Ethereum holders and short-term Bitcoin buyers, with significant accumulation behavior unfolding in both markets amid increasing political and economic tension in the U.S.