Analysis News TheBitTimes.com

Ethereum (ETH) price optimism is again on the rise, with positive news, predictions, and macroeconomics moving the markets. In this context, observers have spotted Ethereum whale trader s making massive buys and accumulating ETH, signaling a dominating bullish bias. On August 2, Lookonchain reported a notable Ethereum trader making waves in the cryptocurrency market with massive historical gains. This whale, in particular, has a remarkable 100% win rate with ETH trades, profiting more than $38 million since 2022. Notably, this entity has been actively buying 17,012 ETH since May 29, at a $61 million dollar-cost average (DCA). The most recent purchase happened five hours before Lookonchain ‘s report, adding 4,000 ETH worth $12.58 million. Picks for you Solana forms ‘bullish megaphone’; Analyst sets key SOL levels to watch ...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin has been unable to break through the $29,000 level and why crypto prices have been falling. In today’s The Market Report episode, analyst and writer Marcel Pechman discusses why crypto prices are going down after Bitcoin (BTC) failed to break above $29,000, plus whether or not Jerome Powell is lying about keeping interest rates above 5%, and lastly, what Warren Buffett meant by the “incredible period” coming to an end. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel. The first news article explains why Bitcoin has been trading in a narrow range near $28,000. The culprit? The standoff between markets and policymakers as United States Federal Reserve Chair Jerome Powell publicly stated that interest rates are unlikely to come down this year. Meanwhile, the markets for risk-on assets have firmly priced in rates to decrease in the coming months. Pech...