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Here’s what happened in crypto today

Here’s what happened in crypto today

Today in crypto, Native Markets wins USDH stablecoin ticker, Pakistan has invited international crypto firms to apply for licenses under its regulatory authority PVARA. Meanwhile, a Wall Street veteran predicts that institutional interest in Bitcoin allocations will grow by the end of the year.Nativ…

Ethereum Nears $5,000 as ETFs and Staking Reshape Market Demand

Ethereum Nears $5,000 as ETFs and Staking Reshape Market Demand

Ethereum’s rally toward the $5,000 mark is reframing its role in global markets. The asset is transitioning from a speculative token into a reserve choice for institutions and large-scale investors.A CryptoQuant report revealed that surging ETF inflows, aggressive whale accumulation, and record stak…

ETH/BTC ratio remains below 0.05 despite institutional adoption and ATH

ETH/BTC ratio remains below 0.05 despite institutional adoption and ATH

The Ether-Bitcoin (ETH/BTC) ratio, which measures the price of Ether against the price of Bitcoin , has failed to reclaim 0.05, despite adoption of ETH by institutions and the historic price rally in July and August that took ETH to new all-time highs.ETH/BTC has remained below the 0.05 level since…

Buffett Devotee Can’t Get Enough Bitcoin

Buffett Devotee Can’t Get Enough Bitcoin

According to a recent report by The Wall Street Journal, Mark Casey, an equity portfolio manager at Capital Group, is aggressively betting on Bitcoin despite being a follower of Berkshire Hathaway founder Warren Buffett, who is known as one of the staunchest critics of the original cryptocurrency. C…

Here’s How The Bitcoin Price Macro Correction Could Play Out Next

Here’s How The Bitcoin Price Macro Correction Could Play Out Next

Despite experiencing a significant plunge from ATH levels earlier last month, the Bitcoin price continues to test crucial levels that could shape the trajectory of its next move. A fresh analysis from crypto market expert Casitrades suggests that the coming days could define whether the broader mark…

XRP Surpasses Citigroup as Market Cap Tops $188 Billion

XRP Surpasses Citigroup as Market Cap Tops $188 Billion

XRP saw buying pressure this week, marking a rise since Sept. 10 to surpass the much-watched $3 level once again.At the time of writing, XRP was trading up 3.92% in the last 24 hours to $3.16 and will mark the fourth straight day of increase if price closes in green today. XRP is up 13% weekly and h…

Bitcoin Treasury Firm Metaplanet Looking Like 'Classic Bubble'

Bitcoin Treasury Firm Metaplanet Looking Like 'Classic Bubble'

Bitcoin as a treasury asset gained traction with Michael Saylor’s business intelligence firm, Strategy. The huge unrealized gains possibly sparked the interest of Metaplanet, the Japanese firm often dubbed "Japan's MicroStrategy" to follow the same playbook.Metaplanet's stock price surge signals bu…

UK Bitcoin treasury company Smarter Web eyes acquisitions, FTSE 100

UK Bitcoin treasury company Smarter Web eyes acquisitions, FTSE 100

The Smarter Web Company, the United Kingdom’s largest corporate Bitcoin holder, is considering acquiring struggling competitors to expand its treasury, CEO Andrew Webley said.Webley told the Financial Times that he would “certainly consider” buying out competitors to acquire their Bitcoin (BTC) at a…

Is Bitcoin’s Bull Market Redefining Itself as Staircase-Style? MVRV Data Suggests Yes

Is Bitcoin’s Bull Market Redefining Itself as Staircase-Style? MVRV Data Suggests Yes

Bitcoin’s Market Value to Realized Value (MVRV) ratio has once again slipped below its 365-day simple moving average (SMA365), which has raised questions about whether the current cycle is deviating from historical norms.A new report now suggests that the market is evolving into a “staircase-like” b…

US Might Start Holding Bitcoin as Strategic Asset, Galaxy Analyst Predicts

US Might Start Holding Bitcoin as Strategic Asset, Galaxy Analyst Predicts

Alex Thorn, head of firmwide research at Mike Novogratz's Galaxy Digital, claims that there is a strong chance that the U.S. government will announce the formation of a strategic Bitcoin reserve (SBR) as early as this year. This means that the U.S. government might formally hold Bitcoin as a strateg…

78,229 ETH Vanishes From Kraken: Are Whales Prepping for the Next Rally?

78,229 ETH Vanishes From Kraken: Are Whales Prepping for the Next Rally?

Despite a brief pause in its trajectory, institutional appetite for Ethereum remains strong. In fact, a whopping $342 million worth of ETH has left a prominent cryptocurrency exchange.Such movements of funds are typically expected to have a bullish impact on ETH’s price.Supply TightensAccording to a…

Altseason index hits highest level this year: Here’s what traders think

Altseason index hits highest level this year: Here’s what traders think

Social media hype over crypto altseason is ramping up again this week as altcoin market indicators have reached their highest levels this year. Both the Blockchain Center and CoinGlass’ altcoin season index show a score of 76 out of 100, while CoinMarketCap’s altseason indicator is slightly lower at…