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Why Elon Musk Thinks Cryptocurrency is the Future
Elon Musk, the CEO of Tesla, SpaceX, and X, recently shared his thoughts on cryptocurrency after a long break from talking about it. Musk, who has been a big fan of crypto in the past, had stayed quiet about it for some time, but now he’s back with some interesting ideas on why he thinks cryptocurrency is so important. During a town hall discussion in Pittsburgh, Elon Musk spoke about the role of cryptocurrency in society. He wasn’t just talking about a specific type of crypto, like Bitcoin or XRP, but rather the overall idea of cryptocurrency. Musk believes that...
U.S. Spot Ethereum ETFs Register ATH Daily Inflows Amidst ETH Price Rally
U.S.-based spot Ethereum ETFs on Friday recorded their highest single-day inflows since trading began in July of this year, adding nearly $333 million in value following the market’s closed on Thursday. BlackRock’s ETHA, added over $250 million in value alone, and Fidelity’s FETH, logged about $79 million. Grayscale’s ETH fund added $3.4 million, while no other funds registered significant inflows or outflows. The record day comes after nearly 40% gain in ether’s price over the past month. Ethereum’s price is currently hovering around $3,682, up over 2% in the last 24 hours. We'd Love to Hear Your Thoughts on This...
Ethereum Attempts Key Breakout: Analysts Set Next Target As ETH Reclaims $3,200
Ethereum (ETH) price is finally moving after a week of sideways movement. In the last hour, the second-largest crypto has seen a 5% surge to retest the key $3,200 level. Some market watchers believe ETH is about to move toward Q1 highs and kickstart the altseason. Ethereum Retests Key Support Level Ethereum has been heavily criticized for its performance against Bitcoin (BTC), with investors worrying that ETH might not run to new highs this cycle. ETH’s price action has moved sideways while the flagship crypto continues its price discovery mode. On Thursday morning, BTC neared the $100,000 mark after hitting...
