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The recent launch of Bitcoin ETFs has sparked a resurgence in the crypto market, attracting a wave of new investors and igniting a surge in trading activity. This positive momentum has created a ripple effect of optimism that transcends Bitcoin alone. Now, as the U.S. Securities and Exchange Commission (SEC) gears up to decide on a potential spot in Ethereum ETF in May, anticipation is running high for another major milestone in the crypto space. #Write2Earn‬ #Ethereum

The recent launch of Bitcoin ETFs has sparked a resurgence in the crypto market, attracting a wave of new investors and igniting a surge in trading activity. This positive momentum has created a ripple effect of optimism that transcends Bitcoin alone. Now, as the U.S. Securities and Exchange Commission (SEC) gears up to decide on a potential spot in Ethereum ETF in May, anticipation is running high for another major milestone in the crypto space.

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#Ethereum

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Ethereum performed exceptionally well in January and February buoyed by growing optimism for the spot ETF. Investors turned to Ethereum following the approval of Bitcoin ETFs, with many believing that it will not be long until the Securities and Exchange Commission (SEC) considers a spot ETH ETF. In addition to the ETF, the upcoming Dencun upgrade, scheduled for March 13 could be a major market mover for Ethereum price. With this protocol upgrade, Ethereum will tackle the issue of scalability by increasing the block size from 12.5 MB to 25 MB. Layer 2 scaling networks like Arbitrum and Polygon will benefit the most from the Dencun upgrade promising cheaper and faster transactions. In the previous week, Ethereum moved in tandem with Bitcoin as it tested resistance in the range between $3,500 and $3,600. At the time, BTC launched above $60,000 and tested $64,000 before settling for sideways oscillation above short-term support at $62,000. While an aggressive Bitcoin ascended above $65,000 on Monday, Ethereum struggled to clear resistance at $3,500 with the area at $3,550 emerging as a new sell-wall. Trading at $3,490 during US business hours on Monday, Ethereum needs to close above $3,500 to convince investors that the upturned is intact. Otherwise, a longer sideways trend may start to form to allow for fresh re-accumulation to boost the next leg up targeting highs above $4,000 and the record high around $4,890. #Write2Earn‬ #Ethereum @Binance @Binance Square Official @Future Trading Expert - Tamil Nadu
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Cryptocurrency total market value crosses $2.5 trillion; Bitcoin price jumps above $64,000 level Cryptocurrency total market value crosses $2.5 trillion; Bitcoin price jumps above $64,000 level Among other cryptocurrencies, Ethereum was up 1.5% at $3,476.97, Solana eased 0.83% to $129.03, Tether rose 0.02% to $1, and XRP gained 0.57% to $0.639. Among other cryptocurrencies, Ethereum was up 1.5% at $3,476.97, Solana eased 0.83% to $129.03, Tether rose 0.02% to $1, and XRP gained 0.57% to $0.639. Bitcoin price jumped above the $64,000 mark on Monday morning in Asia, just around 7% away from the cryptocurrency’s all-time high set in November 2021. The world’s largest cryptocurrency by market cap, Bitcoin was trading at around $63,600, rising 2.78% in the last 24 hours. Bitcoin’s market capitalization was at $1.25 trillion. So far this year, Bitcoin price has rallied more than 50%. On March 1, Bitcoin prices crossed the historic $63,000 price threshold for the first time since December 2021. Among other cryptocurrencies, Ethereum was up 1.5% at $3,476.97, Solana eased 0.83% to $129.03, Tether rose 0.02% to $1, and XRP gained 0.57% to $0.639. Meanwhile, the overall cryptocurrency total market value has passed $2.5 trillion. The rally in Bitcoin prices comes after the recent approval and the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States earlier this year which attracted substantial investments and reignited excitement in the cryptocurrency market. #Write2Earn‏ #Ethereum @Binance Square Official @Binance
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