Naeem Aslam
Zaye Capital Markets
Industry development
FTX.US is the first company in the United States to acquire an approved crypto derivatives platform, LedgerX. The merged company will focus on developing products for institutional and retail investors while also attempting to establish a strong relationship with regulatory bodies. FTX.US announced in July that its daily volume accelerated nearly 150 times between June 2020 and June 2021, reaching an incredible $993 million on April 22. In order to attract more retail investors, the company intends to obtain a BitLicense that will allow it to trade spot products in New York. FTX.US also launched its NFT marketplace nearly three months ago, and the segment has grown significantly since then.
ETH’s price action
ETH’s price is looking highly bullish now as the price has broken out of its consolidation zone. ETH’s price has been trying to break out of its current consolidation zone for a while as you can see from the chart below however bulls never had the momentum on their side. However, it seems like that the momentum is finally o their side and ETH trader have one important price point in mind and that is break above the precious all time high. It is very much possible that we may see the ETH price breaking above the 5K if the momentum continues like and in fact the 10K target for ETH is also looking much more realistic now.
The information is purely for education purposes only and cannot be perceived as an advise.
Recommended Content
Editors’ Picks
Axiom’s volume surpasses $100M as meme trading platform war escalates on Solana
Axiom meme coin trading volume hit $101 million for the first time, surpassing other platforms on Solana. Axiom accounts for 30% of the ecosystem’s trading users, followed by Photon and Bullx at 24% each.
Bitcoin aiming for $95,000 as Global M2 money supply surges
Bitcoin (BTC) price edges higher and trades slightly above $85,500 at the time of writing on Tuesday after recovering nearly 7% the previous week. The rising Global M2 money supply could be a favorable signal for both Gold and Bitcoin.
Top 3 gainers Brett, Story and Virtuals Protocol sparkle as Bitcoin eyes $90,000
Cryptocurrencies have sustained a buoyant outlook since last week as US President Donald Trump’s tariff war was paused for 90 days, except for China, propping global markets for lifeline relief rallies.
Three altcoins to watch this week: ALGO, MANA and JASMY show bullish signs
Algorand, Decentraland and JasmyCoin hovers around $0.19, $0.27, and $0.015 on Tuesday after a double-digit recovery last week. ALGO, MANA and JASMY approach their key resistance levels; breakout suggests a rally ahead.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.