Franklin Templeton Files for Bitcoin & Ethereum Crypto Index ETF with U.S. SEC Investment management giant Franklin Templeton has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to list a new Bitcoin & Ethereum Crypto Index ETF. This exchange-traded fund (ETF) aims to offer investors direct exposure to the two largest
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Source: Bitcoin World
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Degen Trump (DEGTRUMP) Solana Memecoin to Surge 19,000% Ahead of Exchange Listings, While Shiba Inu and DOGE Lag
Degen Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Degen Trump (DEGTRUMP), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because DEGTRUMP is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Degen Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to Bitcoin World
Ethereum Price Grinds Lower: Is the Bullish Momentum Fading?
Ethereum price extended its decline below the $2,450 level. ETH is now consolidating and might struggle to recover above the $2,425 level. Ethereum declined further and traded below the $2,400 zone. The price is trading below $2,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,425 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,350 support to start a fresh increase in the near term. Ethereum Price Holds Support Ethereum price remained in a bearish zone and extended losses below the $2,550 level. ETH traded below the $2,450 support to enter a bearish zone like Bitcoin. There was also a move below the $2,400 level. A low was formed near $2,352 and the price is now consolidating losses. There was a minor increase above the $2,365 level. The price is still below the 23.6% Fib retracement level of the downward move from the $2,655 swing high to the $2,352 low. Ethereum price is now trading below $2,420 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,420 level. There is also a connecting bearish trend line forming with resistance at $2,425 on the hourly chart of ETH/USD. The first major resistance is near the $2,500 level or the 50% Fib retracement level of the downward move from the $2,655 swing high to the $2,352 low. The next key resistance is near $2,535. An upside break above the $2,535 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,650 resistance zone in the near term. The next hurdle sits near the $2,680 level or $2,665. More Losses In ETH? If Ethereum fails to clear the $2,420 resistance, it could continue to move down. Initial support on the downside is near the $2,350 level. The first major support sits near the $2,320 zone. A clear move below the $2,320 support might push the price toward $2,250. Any more losses might send the price toward the $2,150 support level in the near term. The next key support sits at $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,350 Major Resistance Level – $2,420 Bitcoin World