Ethereum Outshines Bitcoin Amid BlackRock Spot ETF Buzz; Dogecoin In The Red — Analyst Says Dips 'Likely to Happen,' Urges Investors To Use Them For Entries

Major cryptocurrencies were seen trading mixed on Thursday evening with Ethereum (ETH) stealing the spotlight from Bitcoin (BTC) in terms of gains as BlackRock Inc's filing for a spot Ether ETF garnered investor attention. Ethereum was trading significantly above the $2,000 mark at $2,110.40 at the time of publishing — for the day it rose nearly 11% outpacing Bitcoin's 2.1% gains in the period.

Timeline of Bitcoin, Dogecoin, Ethereum

Dogecoin (DOGE) enthusiasts and investors are on the edge of their seats as prominent crypto analysts forecast an imminent breakout for the popular meme coin. Pseudonymous analyst Kaleo's recent remarks on the promising trajectory of the meme coin have ignited a sense of anticipation within the crypto community.

As Bitcoin's value surges to an 18-month high of $37,000, marking a stellar year-to-date climb of over 100%, top Bitcoin miners have made a striking move. Significantly, they sold 5,492 Bitcoin, cashing out around $164 million.

Ethereum (CRYPTO: ETH) price crossed the $2,000 mark for the first time since July 2023 after BlackRock Advisors registered an iShares Ethereum Trust in Delaware. The Block reported, citing Bitfinex analysts, “We believe that we are in an accumulation phase for the next cycle and the bottom could very well be in place.

In a move that signals growing institutional interest in cryptocurrency, BlackRock Inc. (NYSE: BLK), the global investment management colossus, has taken a step toward launching an Ether exchange-traded fund. The firm submitted the required 19b-4 form late Thursday afternoon detailing its plans.

Kaspa (KAS), a proof-of-work cryptocurrency employing the GHOSTDAG protocol, has experienced a notable surge in market activity and investor interest over the past few months. The token's recent listing on Coinone, one of South Korea's leading cryptocurrency exchanges, has significantly propelled Kaspa into the top 33 cryptocurrencies based on market capitalization.

A widely followed crypto analyst thinks Bitcoin (BTC) could reach $50,000 sometime before April 2024. Crypto trader Michaël van de Poppe tells his 671,300 followers on the social media platform X that he expects the king crypto to make a major move up pre-halving before correcting back to current levels.

Bitcoin price to $50k next? Optimism surrounding the potential approval of the first Bitcoin spot ETF is fueling the bullish outlook that has seen BTC price rise to tap a new 2023 high at $38,000.

German Parliamentarian Joana Cotar spoke out against introducing a Euro-based central bank digital currency (CBDC), claiming that “no one needs it.” Cotar stated in a speech on Nov. 9 that the ECB and politicians backing a digital euro are doing so because they want total surveillance of the monetary system.

Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A transfer deemed high-priority, which formerly cost an average of $3.38, now demands a fee of $8.46. This significant increase was recorded on Thursday, November 9, 2023, at precisely 9:52 a.m. Eastern Time.

Bitcoin miner Marathon Digital Holdings has reported a substantial increase in revenue, marking a 670% rise year-on-year in the third quarter of 2023. This remarkable growth is attributed to a significant uptick in Bitcoin (BTC) production, which increased from 6.