Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Celsius Network Chapter 11 one drop too many
Bitcoin price, Ethereum and other cryptocurrencies are seeing their existence questioned and taking fire from left and right. Overnight, Celsius Network, one of the biggest crypto lenders, filed for bankruptcy with between $1B and $10B in assets and liabilities, and 100,000 creditors lined up to pluck the chicken. The random measures like blocking customers from making withdrawals, raising money at shark rates and slashing the workforce were a too small patch for the big bleeding wound. This raises the question if investors should not turn their back for a few more months so that the cryptocurrency winter can purify the playing field, and root out the weak and feeble ones so that only the reliable services and cryptocurrencies remain to build upon.
Got It! Polygon's MATIC price rallies 30% since our last call, here's what could happen next
MATIC price continues to outperform other cryptocurrencies in the space. It was mentioned in last week's bullish thesis that a 90% rally targeting $1.00 could ensue based on the subtle bullish technicals. On July 14, the bulls have already tackled 30% of the trajectory after breaching a previous triangular apex. Traders participating in the bullish trade setup are already up four times their risk.Thus, a profit-taking consolidation will be unsurprising.
Is Ethereum a Security? Vitalik Buterin slams critics on Twitter
Bitcoiners believe Ethereum is a security, after Ethereum holders changed the properties of the altcoin in a vote. Ethereum's transition from Proof-of-Work to Proof-of-Stake is being considered evidence for ETH being a security.
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This week could be explosive for ETH: Ethereum ETFs to debut in the US on Tuesday
Ethereum (ETH) is down nearly 1% on Monday as the Securities & Exchange Commission (SEC) confirmed via its website on Tuesday that it has given the final approval for spot ETH ETFs. Considering the ETH ETF launch and the upcoming Bitcoin Conference, this week could prove crucial for Ethereum.
SEC gives final approval for Ethereum ETFs to begin trading
The Securities and Exchange Commission (SEC) approved the S-1 registration statements of spot Ethereum ETF issuers on Monday, making it the second digital asset ETF to go live in the US, according to the latest filings on its website. The approval is also visible across the websites of the various asset managers that applied for the product.
Could Donald Trump and Elon Musk provide Bitcoin's bullish spark?
Trump could use Justice Department's 200,000 BTC as headstart for potential Bitcoin reserve, says analyst. Elon Musk hints at potential Bitcoin endorsement after US dollar value destruction post and laser eyes profile picture. The bearish crowd has remained silent since Bitcoin's two-week rebound.
Crypto investment products continue positive run after $1.35 billion net inflows
CoinShares' weekly report shows that crypto investment products saw a third consecutive week of inflows. Bitcoin saw inflows of $1.27 billion, with short-bitcoin recording more outflows. Ethereum-based products outperformed Solana on year-to-date inflows.
Bitcoin: Will BTC continue its bullish momentum?
Bitcoin (BTC) price increased by 5.5% this week until Friday after breaking above a descending trendline. Currently, it is trading slightly higher by 0.23% at $64,166.