BlackRock’s iShares Ethereum Trust ETF has surpassed 1 million ETH holdings, now valued at over $4 billion, reflecting growing institutional confidence in Ethereum. Recent data shows a surge in net inflows, with $2 billion attracted in just 10 days, signaling renewed investor interest. Strategist Juan Leon anticipates Ethereum's significant growth potential in 2025, driven by its role in tokenization and favorable regulatory developments.
Bitcoin has reached a new all-time high of $106,000, yet skepticism persists among investors regarding the sustainability of this rally. Despite a 4% increase in demand from new investors compared to earlier this year, the market sentiment remains mixed, reflecting a long-standing cycle of optimism and doubt. Currently trading at $104,137, Bitcoin has seen a 6% rise over the past week.
A prominent market analyst predicts Ethereum (ETH) could quickly reach its all-time high of approximately $4,800, suggesting it will outperform Bitcoin (BTC) in the near term. Currently trading at $3,876, ETH is expected to gain momentum once it establishes $4,000 as support. The analyst also forecasts Bitcoin may rise to $120,000 soon.
Nvidia's stock rose over 3% as analysts from Bernstein, TD Cowen, Morgan Stanley, and Truist maintained bullish ratings despite concerns about competition and potential declines in AI chip demand. Truist raised its price target to $204, citing Nvidia's technological superiority.However, worries persist as major tech companies like Google and Meta develop custom chips that could threaten Nvidia's market share. Analysts acknowledge the challenges but emphasize Nvidia's historical dominance and confidence in ongoing industry innovation.
BlackRock's iShares Ethereum Trust ETF (ETHA) has surpassed 1 million ETH in holdings, reaching 1,025,378 ETH valued at over $4 billion, just six months after its July 2024 launch. This milestone highlights a significant rise in institutional interest in Ethereum ETFs, which have collectively attracted over $850 million in inflows recently, bringing total assets to over $14 billion. Despite this growth, BlackRock's Head of Digital Assets Research noted that Ethereum products may take longer to catch up to Bitcoin ETFs.
BioAge stock surged 14% following the announcement of a research collaboration with Novartis. This partnership is expected to enhance BioAge's capabilities in developing therapies aimed at age-related diseases, signaling strong market confidence in the company's future prospects.
Ethereum has crossed the $4,000 mark, entering the "belief phase," a stage marked by growing confidence among long-term holders and potential for a price rally. Increased whale activity, with a 160% rise in large transactions, and bullish patterns suggest a favorable setup for traders. A successful breakout above $4,000 could lead to significant gains, with the realized price upper band at $5,200 as a key target.
Dogecoin (DOGE) faces uncertainty in its market trajectory, with mixed signals from traders and a significant drop in the probability of reaching $0.69 by January 2025. Meanwhile, Rexas Finance (RXS) is gaining traction by offering innovative asset tokenization solutions, allowing investors to easily access high-value sectors like real estate and commodities. As DOGE struggles to leverage Bitcoin's momentum, Rexas Finance's tools and features position it as a formidable competitor in the evolving crypto landscape.
The meme coins market is experiencing strong bullish momentum, breaking through key resistance levels and indicating a potential upward continuation. Traders are advised to wait for confirmation before entering, with targets set for the lower quarter of the range, mid-range, and new all-time highs. Staying disciplined and informed is crucial in this dynamic market.
Cocoa prices have surged to over $12,000 per tonne, marking a dramatic increase of over 90% since late October. This rise follows a previous spike of 180% earlier in the year, driven by concerns over stock replenishment due to adverse weather conditions in Côte d'Ivoire and Ghana. The situation is exacerbated by the Harmattan, a hot, dry wind affecting the region.
IG
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings