Tesla Bitcoin Holdings Remain Untouched Despite Slump in TLSA Stock and Q1 Earnings

The post Ethereum Fees Hit 5-Year Low: Can Ether Bulls Seize the Opportunity?  appeared first on Coinpedia Fintech News

• The Ethereum network has gradually improved in the past few years to remain competitive via its L2.

• ETH price has yet to invalidate the multi-week falling trend experienced in Q1.

The negotiations of the global trade wars have not spared the wider crypto market, amid an ongoing capital flight to the Gold market. The significant adoption of digital assets by institutional investors and nation-states has significantly complicated the 2024/2025 cryptocurrency bull cycle. 

On Wednesday, Federal Reserve Chairman Jerome Powell noted that markets will record continued volatility, amid ongoing decoupling between the United States and China.

Ethereum Network Ready for Bullish Sentiment 

According to market data from Santiment, Ethereum’s average network fees have dropped to a five-year low of about $0.168. Interestingly, the Ethereum network recorded earlier on Wednesday the cheapest daily cost of transactions since May 2, 2020.

The Ethereum network has experienced significant competition from other upcoming layer one (L1) blockchains led by Solana (SOL) in the past few years. However, the Ethereum core developers, led by Vitalik Buterin, have made significant network upgrades to ensure competitiveness ahead.

Since 2021, the Ethereum network has experienced a series of major upgrades, led by the London hard fork (EIP-1559), the Merge, the Dencun in 2024, and recently Pectra upgrade. As a result, the Ethereum network has become increasingly usable

Key Ether Price Targets to Monitor

After being trapped in a falling trend since early December 2024, Ethereum’s price has potentially hit the bottom, based on historical trends. According to crypto analyst Benjamin Cowen, Ether’s price, against the U.S. dollar, has been following a similar fractal pattern to the 2020/2021 bull cycle.

Market data from Santiment shows Ethereum price has established a robust support level about $1,528, where 2.61 million addresses accumulated over 4.82 million Ether. 

With the gradual recovery of Ethereum Open Futures (OI) amid notable decline in Ether YTD, a potential rebound towards $2.1k is more likely to happen.

The post Ethereum Fees Hit 5-Year Low: Can Ether Bulls Seize the Opportunity?  appeared first on Coinpedia Fintech News
The Ethereum network has gradually improved in the past few years to remain competitive via its L2. ETH price has yet to invalidate the multi-week falling trend experienced in Q1. The negotiations of the global trade wars have not spared the wider crypto market, amid an ongoing capital flight to the Gold market. The significant …

The post Pi Coin Price Prediction for March 12 appeared first on Coinpedia Fintech News

After a relief rebound in the last two days, Pi Network (PI) has approached a crucial pivotal stage that will decide its fate for the coming weeks. The large-cap altcoin, with a fully diluted valuation of about $16.3 billion and a daily average trading volume of about $405 million, has rebounded around 8 percent in the past two days to trade about $1.48 on Wednesday, March 12, during the early European session.

As a result, Pi coin was the top trending crypto asset on Coingecko in the past 24 hours, signaling its rising popularity among speculative traders.

Pi Coin Price Prediction Today

In the 1-hour time frame, Pi price has been consolidating in a symmetrical triangular pattern for the past four days. Following the reliefs rebound in the past two days, Pi price is now retesting the upper border of the symmetrical triangular pattern.

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As Coinpedia previously noted, Pi price has already confirmed a reversal pattern, which was characterized by head and shoulders formation coupled with a bearish divergence of the daily Relative Strength Index (RSI). Consequently, the odds of a reversal toward a lower low remain high in the coming days.

Moreover, zooming into the 5-minute time frame shows a clearer picture of the bearish sentiment. Notably, Pi price has been forming a potential double-top coupes with a bearish RSI in the five-minute candlestick. Consequently, a consistent drop below $1.46 will eventually lead to a further decline towards the lower border of the symmetrical triangular pattern.

However, a consistent close above the upper border of the symmetrical triangular pattern will lead to bullish sentiment in the coming days.

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The post Pi Coin Price Prediction for March 12 appeared first on Coinpedia Fintech News
After a relief rebound in the last two days, Pi Network (PI) has approached a crucial pivotal stage that will decide its fate for the coming weeks. The large-cap altcoin, with a fully diluted valuation of about $16.3 billion and a daily average trading volume of about $405 million, has rebounded around 8 percent in …

Investment giant Grayscale is set to make waves in the investment world with its proposal to launch a new exchange-traded fund (ETF). In a stunning development, Grayscale Investments submitted an S-3 form to the US Securities and Exchange Commission (SEC) to convert its Digital Large Cap Fund into an ETF.

Significantly, the investment firm’s strategic move is a crucial step in its vision of integrating digital assets with mainstream investing, providing investors with more streamlined access.

Grayscale To Launch a New ETF

In the latest development, asset manager Grayscale Investments has applied to convert its Digital Large Cap Fund into an ETF. As part of its proposal, the investment giant has submitted an S-3 form to the US SEC.

According to the US Securities and Exchange Commission’s official website, the investment firm submitted the application on April 1, 2025. This move comes following Grayscale’s recent initiative to list and trade Hedera ETF. The asset manager filed 19b-4 with the SEC to launch the product that tracks the price of HBAR.

Nasdaq Files to List Grayscale’s AVAX ETF

Interestingly, Grayscale’s latest move comes on the heels of Nasdaq’s filing to list the asset manager’s AVAX exchange-traded fund. Last week, Nasdaq filed a 19b-4 with the US SEC to gain approval to list and trade shares of Grayscale’s spot Avalanche ETF. The marketplace seeks approval to convert the asset manager’s Avalanche Trust into a publicly traded fund.

Converting the Avalanche Trust into an ETF could make AVAX investments more widely available and appealing to a broader range of investors. Coupled with comprehensive regulatory norms, such a move could provide traders with a diversified investment opportunity.

In addition, Nasdaq also seeks to list and trade shares of the Grayscale Polkadot ETF.

Altcoin ETF Frenzy Sparks Enthusiasm

Grayscale Investment’s recent developments come amid the increasing altcoin ETF spree. Multiple asset managers like Grayscale, Canary Capital, 21Shares, and Bitwise have already taken the initiative to launch various altcoin funds.

For example, Grayscale and other investment firms have shown increasing interest in XRP ETFs amid hopes of an imminent Ripple lawsuit end. The SEC’s acknowledgment of these XRP funds has invoked a renewed sense of optimism within the community.

The post Grayscale Seeks to Convert Digital Large Cap Fund into ETF, Files S-3 Form appeared first on CoinGape.