Tagdigital finance

11 months ago

Ethereum’s Surge in 2023: Breaking Barriers and Setting New Heights

By John Molten
2 Min read
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14November

Ethereum (ETH), the second-largest cryptocurrency, has experienced a significant uptick in its price over the past month, soaring to a year-to-date high of $2,139. This surge is partly attributed to the broader bullish wave in the crypto market and BlackRock’s involvement in filing for a spot ETH exchange-traded fund (ETF). Notably, ETH has outperformed Bitcoin (BTC) and many altcoins recently, marking a shift in market dynamics, as indicated by data from market provider Kaiko. Despite earlier struggles to gain momentum, even with successful upgrades like The Merge, Ethereum’s...

12 months ago

U.S. Government Holds $5 Billion in Bitcoin: What This Means for the Crypto Market

By John Molten
2 Min read
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17October

The U.S. government unexpectedly ranks among the world’s top Bitcoin owners, holding an astonishing 200,000 bitcoins—equivalent to around $5 billion. This isn’t from savvy investments but rather from confiscations related to cybercrimes and darknet busts. Stored securely in advanced encrypted hardware wallets, these digital assets fall under the watchful eyes of major U.S. institutions, including the Justice Department and the IRS. Crypto enthusiasts and traders are buzzing about the potential ripple effects on the market if the U.S. opts for a widespread bitcoin sale. But...