The cryptocurrency market starts next week with sales pressure. Standard Chartered, Ethereum Network, expansion issues with long -term risks, indicating that the price forecast decreases to the price forecast. Bitcoin and Ethereum ETF refused after the bank's warnings.
The cryptocurrency market has created a weak start next week, facing the pressure of sales after Standard Chartered's interest in Ethereum. Although the bank claims that changes in the Ethereum block chain can create long -term prints on the network's expansion capacity, the price is forecast to drop. Bitcoin fell 0.5 % to $ 83,467 before the US market was opened on Monday. Ethereum shows more performance against the market and is traded for $ 1,914 at an increase of 0.2 %. The value of the cryptocurrency market generally decreased by 0.42 % to 2.73 trillion dollars, while the Cindesk market index increased by 3.2 % in the last 24 hours.
Grade 2 solutions do not provide expected benefits Geoffrey Kendrick, president of Standard Chartered's digital asset research unit, said that Ethereum hoped that Ethereum would maintain a long -term downtrend.
Kendrick stated that they had modified the price target they set for the end of 2025. Kendrick showed that Ethereum's expansion did not benefit from the expansion of Katman 2 solutions as expected.
Net output of $ 68.41 million The ETF market also attracts attention. Bitcoin -based stock market investment funds have lost its value in previous transactions on Monday. BitWise Bitcoin ETF and vaneck Bitcoin ETF has decreased by 1.5 %. According to the Sosovalue data of the research platform, 11 sponsorship groups of Bitcoin ETF have a total net output of $ 68.41 million on Friday. Ethereum ETF drew a similar picture. BitWise Ethereum ETF lost 1.6 %, while Franklin Ethereum ETF fell 1.4 %. According to Sosovalue data, nine Ethereum ETF groups were sponsored to have witnessed a total net output of $ 35.3 million on Friday. The stocks are traded in the field of cryptocurrency operations starting next week. Cango depreciated 1.9 percent and Canaan added 1.8 percent. Digihost, on the other hand, has recorded a positive decay of 1.6 %. On the other hand, the Stablecoin market has attracted attention with increasing trading volume. The largest USDT USDT, Stablecoin has supported the US dollar, up 66 % in the past 24 hours to 59.11 billion USD. Circle's USD currency increased by 84 percent of trading volume to 6.78 billion USD. Although Ethereum concerns and risk awareness of risks across the market are expected to continue to prevent the cryptocurrency market in a short time, investors will closely monitor the development of Ethereum expansion issues.