2023-10-5 05:03 |
“The gravitational pull in crypto for the time being stays in BTC,” said K33 senior analyst Vetle Lunde.
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Following the approval of the US-based spot Bitcoin exchange-traded funds (ETFs) in January 2024, the crypto crowd felt it was only a matter of time before other similar products received the green light.
Tim Robinson, Head of Crypto Research at BlueYard Capital, has unveiled groundbreaking simulations indicating that Ethereum’s implementation of “blobs” could be exceptionally bullish for the long-term price of ETH.
A new Ethereum Improvement Proposal (EIP), EIP-7781, introduced on October 5 by Illyriad Games co-founder Ben Adams, could significantly boost Ethereum’s transaction throughput by reducing the network’s slot time from 12 seconds to 9 seconds.
The Ethereum Foundation has confirmed a significant security breach involving its official email system managed through the third-party service provider, SendPulse. Tim Beiko, a prominent figure at the Ethereum Foundation, raised the alarm on the social media platform X, revealing that the “updates@ethereum.
On Wednesday, the Bitcoin price rallied toward $38,000 amid expectations of the United States Securities and Exchange Commission (SEC) finally approving the first Spot BTC ETF. The regulator would end up exercising its right to delay its decision further, something that has usually been bearish for the price.
BlackRock has previously also filed for a Bitcoin ETF, for which the SEC approval window is currently open until Nov. 17.
Ethereum price lost ground to Bitcoin as the crypto market rally broke out last week. Here's how whale investors could impact ETH prices in November. The post Ethereum (ETH) Price Could Hit $2,500 in November if This Happens appeared first on BeInCrypto.