Global #Ethereum

Big banks and institutional investors are increasingly warming up to the idea of cryptocurrencies, and Ethereum (ETH) seems to be the next big asset in the spotlight.

Dogecoin (DOGE) has emerged as the top performer among major cryptocurrencies in recent weeks, marking an impressive rally that saw its price surge nearly 6% in just one week.

In a groundbreaking move for the financial industry, UBS, the world’s largest private bank, has officially launched uMINT, the "UBS USD Money Market Investment Fund Token."

In a notable development, a government-controlled wallet that has been inactive for nearly two years has recently transferred approximately $974,000 worth of Aragon (ANT) tokens in two separate transactions, converting them into Ethereum (ETH).

Ethereum (ETH) has been on a turbulent ride, recently dipping to around $2,500 and struggling to find upward momentum. Veteran crypto trader Peter Brandt has issued a cautionary forecast, warning that ETH could plummet to as low as $1,550 due to weak buying interest.

In an impressive turn of events, Crypto.com has reported a staggering monthly spot trading volume of $139 billion for October, more than doubling the $57 billion recorded by Coinbase, as reported by The Block on October 30.

Ethereum (ETH) has seen a notable price increase of over 7% in the past week, signaling a bullish sentiment among many investors.

Recently, a significant transfer of 10,000 ETH, valued at approximately $24.93 million, was executed from the Gemini exchange to an unknown wallet.

In a rapidly evolving blockchain landscape, Ethereum stands out as a pioneering force, thanks to its creator, Vitalik Buterin. However, the platform hasn't escaped criticism.

With just a week until the election, the cryptocurrency market is gearing up for heightened liquidity, which could serve as a potential catalyst for Ethereum (ETH) to escape its current downward trend.

Today marks a significant day in the cryptocurrency market as over $5 billion worth of Bitcoin and Ethereum options are set to expire.

Ethereum (ETH) is trading lower on Friday, approaching its critical daily support level at $2,461. A close below this mark could signal further declines for the cryptocurrency.