Another Win for Ethereum: Rothschild Buys 265,302 Shares of Grayscale ETH

Asset management company Rothschild Investment Corporation recently purchased 265,302 shares of the Grayscale Ethereum Trust, valued at $4.75 million. The asset manager disclosed that it had increased its shares in the Ethereum Trust to $4.75 million as of March 31, 2021. According to regulatory filings,  Rothschild was one of the first asset management institutions to seek ETH exposure through Grayscale Trust product. Major institutions purchasing ether has always been unavoidable as more investors are flocking to the market. As previously reported, Grayscale Investments managing director Michael Sonnenshein said the number of investors interested in ETH is on the rise. Sonnenshein also

Ethereum Hits A New All-time High As It Soar Above $2,500. | Coinfomania

For the first time since Ethereum became a tradeable asset, it finally crossed the $2,500 mark to record a new all-time high. The new milestone came just within 48 hours of Berlin, the latest Ethereum network upgrade went live. No doubts some of the aims of the new upgrade is taking place. The break above $2,500 is an inevitable one as the bulls have put in a lot of efforts to see Ether surge this high. The first time ETH showed signs of breaking above $2,500 was during the last 48 hours but was met by stiff opposition. During the

Crypto Market Outlook: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB).

The last 24 hours saw a mixed market sentiment. While some altcoins were on the rise, major coins saw price corrections and dips opening opportunities for buyers to bag more. At the time of writing, most cryptocurrencies are on the rise as it seems buyers took the opportunity to buy and start a rally. Here is the crypto market outlook for today: Bitcoin (BTC) That last trading session played out quite bearish for the king coin as it lost more than 2% of its value during the period. The bears were grinning hard as some long accounts were liquidated. The

Bitcoin Broke $50,000 and Crossed 1,000,000 in Mexican Peso For the First Time

Finally, Bitcoin kissed $50,000 to create a new all-time high on February 16, while yet another fiat currency entered the seven-figure zone against BTC. The new all-time high followed Microstrategy’s announcement that the company is planning to raise $600 million in convertible notes and use the proceeds to go Bitcoin shopping. The company already holds over $1.5 billion in bitcoin. Last week, BNY Mellon disclosed that it would store crypto-assets for its clients. This announcement made Bitcoin surge by 5% to test the $50,000 resistance level, marking the first, second time BTC firmly tested that resistance level. That earlier effort

Market Outlook: Bitcoin Makes Breaking ATHs a Custom and ETH Chases New Record

For the first time in a while, BTC reached a new ATH on a weekday. The pump that propelled BTC to a new all-time high yesterday could be traced to a slight market dip on Monday. As Bitcoin dropped by 8% traders rallied the market and in no time pushed BTC back to $34k and kept pushing the price as it crossed various critical resistance levels.  BTC crossed the $40,000 resistance resulting in a new ATH of $40,383. Breaking ATHs is now a custom for Bitcoin! Many traders accepted the new ATH, while others are quick to sell their assets.

Bitcoin (BTC) at $28K; Analysts Expects $50K to be Next Year’s ATH

Bitcoin’s digital gold narrative continues to take shape with each passing day, with the cryptocurrency hitting a $0.5 trillion market cap for the first time. On December 27, the cryptocurrency recorded a new all-time high of $28,355 on most exchanges. The new ATH came at a time when many were calling for a healthy price correction now, but once again, Bitcoin defied gravity. Bitcoin loving weekends For some time now, the weekends have been the start of a surge that saw BTC break new resistance levels. For example, on December 5 and 6, bitcoin surged from $18,658 on Saturday and

Bitcoin (BTC) Crosses The $16,100 Resistance: What Could Be The Fuel?

Bitcoin traders are thrilled to see the digital gold hit a new all-time high for this year and the past three years. Many have taken to their social media accounts to show how delighted they are to see the long-awaited promise fulfilled. As much as many keep celebrating, some are still unaware of what fueled the surge in the price of BTC. Traders are the main drivers of the market, and without them, the market will not function. In a recently published analysis,  we predicted that there would be more influx of traders to the crypto market as a result