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Ethereum has significantly underperformed Bitcoin throughout the year, with the ETH/BTC ratio dropping 58% from its 2021 peak of 0.086 to its recent low of 0.0365. Last week, the pair showed high volatility, dropping 8% before rebounding sharply by 3% today to 0.0374.ETHBTC chart (Source: TradingView)There are several factors contributing to Ethereum's relative weakness. Bitcoin has reaffirmed its dominance as a leading digital asset and is attracting increasing interest from institutional investors. Unlike Bitcoin, which has a fixed supply, Ethereum issuance is less predictable, which can affect investor confidence. The growth of layer 2 solutions is impacting Ethereum's revenue and…
Bank lending in the euro area showed some improvement in September, as lending to non-financial corporations increased significantly month-on-month and lending to households continued a cautiously accelerating trend. Still, monthly data of this kind is volatile, and annual growth rates remain very subdued at 1.1% and 0.7% growth for businesses and households, respectively. This is an increasing trend, but only comparable to 2015-2016 levels. Until 2023, bank lending growth was accelerating. Needless to say, this has not yet led to a vigorous investment recovery. The European Central Bank's recently released bank lending survey showed that lending conditions are tentatively improving.…
Donald J. Trump posted colorful images on social media this week suggesting he was on his way to victory in the presidential election.This chart shows Trump has a 64 percent chance of defeating Vice President Kamala Harris next month, which is much brighter for Trump than polls showing the election remains close. It's an outlook. Trump's post received more than 10,000 likes and fans responded with raised fist and American flag emojis.The election odds cited by Trump came from a cryptocurrency-based gambling website called Polymarket. Gamblers at Polymarket used digital currency to bet more than $100 million on the outcome…
11:05 ▪ 3 Minimum read time up to ▪ Fenelon L. Bitcoin exchange-traded funds (ETFs) are 97% of the way towards 1 million BTC holdings and approaching a major milestone, with BlackRock leading the race with nearly 400,000 BTC. This massive accumulation by institutions marks a decisive turning point in the adoption of cryptocurrencies. Accumulation of records driven by Wall Street giants On Wall Street, a new spot Bitcoin ETF is dominating financial news for early 2024. BlackRock, the world's largest asset manager, tops the list with 396,883 BTC under management, followed by Grayscale and Fidelity. This explosive accumulation since…
Ethereum (ETH) is experiencing some consolidation, with its market indicators showing less turmoil and more balanced investor sentiment. Ethereum (ETH) has experienced some consolidation, with its market indicators showing less turmoil and more balanced investor sentiment. According to Glassnode, the net unrealized gain and loss (NUPL) reading is 0.34, which is neither disproportionately bullish nor bearish.Adding to this neutral view, whale activity is also down. Since September 25th, the number of addresses holding 1,000 ETH or more has decreased from 5,628 to 5,547, making large investors cautious. Declining whale numbers usually tend to indicate a lack of confidence in short-term…
High risk warning: Foreign exchange trading involves a high level of risk and is not suitable for all investors. Leverage introduces additional risks and losses. Please consider your investment objectives, experience level, and risk tolerance carefully before deciding to trade foreign exchange. You may lose some or all of your initial investment. Don't invest money you can't afford to lose. Please familiarize yourself with the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory Warning: FOREXLIVE™ is not an investment advisor. FOREXLIVE™ provides references and links to…
South Korean authorities will impose regulations on cross-border cryptocurrency transactions, requiring companies to register and report from mid-2025. South Korea plans to introduce regulations governing cross-border transactions of virtual assets, including virtual currencies, with new registration and reporting requirements due in the second half of 2025, Reuters reported, citing South Korea's Ministry of Economy and Finance. It is said that it is scheduled to come into effect. Under the upcoming regulations, companies engaged in cross-border cryptocurrency transactions will be required to register with authorities before conducting business, the press release said. They are also required to report monthly transaction details…
Ethereum is teetering on the brink of a potential short squeeze showdown as leverage levels skyrocket and many traders bet on the price falling. The increase in the estimated leverage ratio indicates a surge in high-stakes short positions, suggesting that many are expecting the $ETH price to decline. However, if Ethereum can break through the key $2.7,000 resistance level, it could trigger a wave of short covering and send the price skyrocketing.Despite this possibility, market sentiment remains bearish. The Ethereum Foundation recently sold $100 ETH for $252,491 DAI just 10 minutes ago, continuing the trend of gradual selling.In 2024 alone,…
Microsoft's shareholder meeting, scheduled for December 10th, is shaping up to be a closely watched event. The tech giant's board of directors (BOD) and shareholders are facing a Bitcoin investment proposal for the company. According to a Securities and Exchange Commission (SEC) filing released late Thursday, “Evaluating Bitcoin Investments” is being proposed as a formal ballot item. This has raised expectations in both the technology world and the financial world, including cryptocurrencies. Why Microsoft is starting to invest in Bitcoin The proposal has been filed with the US SEC and has already encountered resistance from Microsoft's board of directors. The…
Analyst Kevin Svenson is bullish on Bitcoin (BTC) as the leading cryptocurrency remains below $70,000. In a new video, Svensson told his 80,100 YouTube subscribers that Bitcoin is about to reach an all-time high. According to the analyst, a combination of factors could cause Bitcoin to reach new highs “until the end of the year, possibly within a month.” “…heading into the election, we’re almost always going to be bullish about the U.S. presidential election…. …Every time I break it [Bitcoin] The highest amount ever was after the US or during the US election and inauguration season. every time. And…