Cryptocurrencies price prediction: Bitcoin, Ethereum, Cryptos - American Wrap 06 Dec
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ETH overcomes key hurdle as ETF and staking inflows improve
Ethereum (ETH) is down 1% on Thursday despite rallying in the European session to overcome a key descending trendline resistance that has lasted for three years. The top altcoin has seen increased bullish sentiment across staking protocols and ETH ETFs. However, Chicago Mercantile Exchange (CME) data reveals that the ETH basis trade may have fueled the high ETF inflows.
Crypto Today: DOGE, BCH and LTC emerge as top gainers with Bitcoin’s $100K breakout sparking PoW rally
Bitcoin price breached the $100,000 milestone on December 4, as investors reacted positively to news of Trump nominating Paul Atkins for the Securities & Exchange Commission (SEC), viewed as a crypto-friendly replacement for Gary Gensler. BTC’s remarkable record triggered mixed reactions within the altcoin market.
Why Ethereum could break all-time high after Bitcoin's rally to $104,000
Ethereum (ETH) is hovering close to the $4,000 level early on Thursday. The second-largest cryptocurrency is gearing to test its 2021 peak at $4,868. Technical indicators support a bullish thesis for Ethereum.
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