Cryptocurrency markets are rising on Thursday, fueled by positive developments in the broader market and a 25-basis point rate cut announced by the European Central Bank. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $105,
Bitcoin (BTC) and Ethereum (ETH) rose on Thursday, reversing initial losses after the Federal Reserve held interest rates steady and reiterated concerns about inflation. Bitcoin climbed 2.6% in early trading to trade above $105,
A notable development adding to market interest has been the involvement of Trump-affiliated World Liberty Financial (WLF). The decentralized finance project made headlines in December 2024 by purchasing 722 ETH, valued at approximately $2.5 million at current market prices.
Bitcoin’s market dominance is fueled by strong ETF inflows, political backing, and Ethereum’s continued underperformance.
Solana's market structure mirrors Bitcoin and Ethereum, indicating its readiness for US ETPs through strong liquidity and price correlation.
Donald Trump’s most recent cryptocurrency moves reveal a more substantial alignment with Ethereum rather than Bitcoin.
Ethereum maintains price levels above $3,100 as exchange reserves hit multi-year lows, creating a potential supply squeeze despite mixed technical signals and relative weakness against Bitcoin.
Inflows to crypto products hovered around $2 billion for the second week in a row, with Bitcoin seeing more than 80% of those inbound funds.
Bitcoin, Ethereum, and Ripple are nearing critical support levels, risking further corrections if they close below.
As Bitcoin continues to chart new highs on the back of institutional adoption, demand for DeFi services is expected to grow.
That's not confirmed, but it's the fear of the market today and fear and uncertainty aren't things the market likes. Tech has fueled a lot of the market's gains over the past two years so it's no surprise it will fuel its fall as well.
Ethereum (ETH) is up 3% on Thursday as it looks to spark a rally to $4,300 if it overcomes the resistance of a falling wedge pattern. The recent price growth follows community members showing support for researcher Danny Ryan to become the Ethereum Foundation's executive director.