ETH’s price chart shows a confirmed double bottom pattern with a $3,900 price target. Here are the necessary factors to make it happen. Ether’s (ETH) 10% rise in January has refocused analysts’ attention on the daily chart, where the price structure points to higher prices but only if a key daily trend is reclaimed. Key takeaways: Ether is close to completing a daily double bottom targeting the $3,900 level. Read more
The stablecoin issuer says its Scudo unit could make gold easier to transact digitally as prices surge and institutional demand accelerates. Tether has introduced a new unit of account tied to its digital gold token, XAUT, in a move aimed at lowering barriers to fractional gold ownership at a time when institutional investors and central banks are accumulating the precious metal at record levels. On Tuesday, the stablecoin issuer unveiled Scudo, a unit of account representing one-thousandth of a troy ounce of gold. Each Scudo corresponds to 1/1,000 of an XAUT token, Tether’s gold-backed asset. XAUT is supported by more than 1,300 gold bars held in custody and currently has a market capitalization of roughly $2.3 billion, according to Tether. Read more
Bitcoin halted its gains as sellers came out to suppress BTC price upside close to $95,000, with the key weekly close target now in place. Bitcoin (BTC) struggled to continue its rebound at Tuesday’s Wall Street open as attention focused on $95,000 sellers. Key points: Bitcoin faces resistance as it approaches a large area of seller interest at $95,000. Read more
The new products offer indirect, regulated exposure to companies building stablecoin and real-world asset infrastructure as adoption accelerates. MarketVector Indexes has launched two new benchmarks focused on stablecoin and real-world asset tokenization (RWA) infrastructure, alongside the debut of two exchange-traded funds from US issuer Amplify ETFs designed to track the indexes. According to Tuesday’s announcement, the MarketVector Stablecoin Technology Index and the MarketVector Tokenization Technology Index are designed to give investors regulated exposure to companies and digital asset products involved in stablecoin issuance, payments and settlement, as well as platforms supporting tokenized RWAs. The company also announced the launch of two funds from Amplify ETFs tied to the new benchmarks. The Amplify Tokenization Technology ETF (TKNQ) tracks the tokenization-focused index, while the Amplify Stablecoin Technology ETF (STBQ) follows the stablecoin benchmark. Read more