Dig Deeper, Invest Smarter
BlackRock Ethereum ETF (ETHA) hits a massive milestone with 3 million ETH holdings after the latest purchase of 59,309 ETH on July 29. The Ethereum fund has been on a massive acquisition spree in July, with assets under management (AUM) now over $11.1 billion. Amid these massive inflows, the ETHA share price is showing strength
The post BlackRock Ethereum ETF (ETHA) Hits 3M ETH Holdings As Bitcoin Dominance Slips appeared first on CoinGape.
21Shares has taken another step towards the launch of its Sui ETF. This time, the Nasdaq stock exchange has filed Form 19b-4 with the US Securities and Exchange Commission (SEC) on behalf of the asset manager to list and trade shares of this fund. Nasdaq Files 19b-4 To List & Trade 21Shares Sui ETF A SEC filing has shown that Nasdaq has filed the Form 19b-4 to list and trade shares of 21Shares Sui ETF on its stock exchange. This officially initiates the review process, during which the Commission will approve or deny the application. As CoinGape earlier reported, 21Shares has shown its intention to offer this ETF when the asset manager filed the S-1 with the SEC earlier this month. This fund will provide institutional investors with exposure to SUI, which is the native token of the Sui network. The Sui price is in the green amid Nasdaq’s filing,… Read More at Coingape.com
The post Breaking: Nasdaq Files 19b-4 For 21Shares Sui ETF With US SEC appeared first on CoinGape.
In an uptrend, Janover, a software company acquiring $4.6M Solana (SOL) would skyrocket prices. However, bear market dampens this bullish development, leaving Solana price to crash below $100 and retest $75, a level not tagged since December 2023.
In a recent filing, Janover, a small US-based software company, announced the acquisition of Solana (SOL) to its treasury as part of its new strategy. This US institution follows MicroStartegy’s (Strategy) path as it raised $42M through a private offering of convertible notes.
As a result of this move, the company’s stock price soared more than 429% in the past four days. Solana price, however, didn’t budge and is likely due to the ongoing bearish outlook involving Trump’s tariff trade war, Bitcoin’s (BTC) bearish market structure and macroeconomic uncertainty.
Due to these conditions, the Solana price could see a further collapse.
From the three-day chart, it is clear that Solana price has shattered the $126 key support level. SOL’s value hovers around $116 after a 2.13% drop today. This barrier provided demand since March 4, 2024, and prevented the token from collapsing. However, a March 29 sell-off flipped this support into a resistance level.
Subsequent attempts to overcome this level have failed, but the $100 psychological level is what’s preventing SOL price from collapsing lower. If the crypto market outlook does not improve or if Trump lifts the 90-day tariff pause, this $100 level will also flip into a resistance. In such a case, the next strong demand area is $74.94. After a consolidation here in December 2023, Solana price exploded nearly 78% in the next nine days.
Hence, a revisit of $75 is likely based on this Solana price prediction in the next few days, especially if the crypto market outlook continues to worsen.
To conclude, sub-$100 Solana is not unlikely if the crypto market outlook remains the same. If Bitcoin catalyzes a bullish reversal, it could provide relief to altcoins, including SOL. In such a case, the price could push toward $126, flip it into a support floor, and allow it to catapult toward the $127 to $168 value area and its highest volume level at $142.
The post Solana Price Crash to $75 Imminent Even as US Company Accumulates $4.6M SOL appeared first on CoinGape.
Crypto analyst Titan of Crypto has provided a bearish outlook for the Bitcoin price, predicting it could drop below $60,000. This comes amid Donald Trump’s announcement of reciprocal tariffs, which could trigger this price crash.
In an X post, Titan of Crypto warned that the Bitcoin price could drop below $60,000 if it fails to hold above $81,872. He remarked that BTC must hold within this range, stay above the 50-week Exponential Moving Average (EMA), and keep the weekly RSI above key support.
He warned that the flagship crypto could witness a deeper correction if it fails to hold above those levels. His accompanying chart showed that a drop below $60,000 could occur as part of this correction, with Bitcoin touching $58,500.
This bearish outlook for Bitcoin follows US President Donald Trump’s announcement of reciprocal tariffs on all countries. This move could spark this downtrend for BTC, especially as a global trade war heats up. The flagship crypto has already dropped from as high as $88,000 following this announcement and could soon lose the $80,000 range.
In the long term, Titan of Crypto believes the Bitcoin price could still rebound. He highlighted a Falling Wedge pattern, which was forming for the flagship crypto. The analyst remarked that over the next couple of months, the CPI and Core PCE will likely improve as Trueflation data shows inflation cooling off significantly. He then raised the possibility of this setting the stage for a “strong” BTC bounce by May.
Macro fundamentals continue to heavily impact Bitcoin’s price and the broader crypto market. A CoinGape market analysis highlighted the Nonfarm Payrolls (NFP) report and Fed Chair Jerome Powell’s speech as two key macroeconomic events to watch this week.
Amid this persistent downtrend for the Bitcoin price, analysts are still providing bullish predictions for BTC. Crypto analyst Crypto Caesar stated that his bullish scenario for the BTC price is a rally to $120,000, which will mark a new all-time high (ATH) for the flagship crypto. He suggested that this price level would mark the top for BTC in this cycle.
Meanwhile, crypto analyst Trader Tradigrade asserted that the Bitcoin price is poised for the final surge. He remarked that a surge begins whenever BTC’s RSI breaks the ascending triangle. Interestingly, his accompanying chart showed that Bitcoin could reach as high as $650,000 on this final surge, although this looks likely to happen next year.
The post Analyst Warns Bitcoin Price Could Drop Below $60k Amid Trump’s Reciprocal Tariffs appeared first on CoinGape.
