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The Ethereum price dropped 3% in the last 24 hours to trade at $2,636 as of 03:29 a.m. EST on trading volume that rose 17% to $20.3 billion. The correction in the ETH price comes even after Goldman Sachs increased its spot Ether exchange-traded fund (ETF) holdings by 2,000% in the fourth quarter of 2024. As a result, the investment bank’s ETF exposure has increased from $22 million to $476 million. BREAKING: THE BIGGEST U.S. BANK GOLDMAN SACHS WITH $2.8 TRILLION JUST BOUGHT $450M IN ETHEREUM ETF. BANKS ARE COMING FOR YOUR ETH pic.twitter.com/IPZ0xPEBek — Ash Crypto (@Ashcryptoreal) February 12, 2025 ETH Price On A Correction The Ethereum price has displayed a classic rounded top pattern, often indicating a bearish reversal.  This pattern suggests that buying momentum gradually weakened, leading to a downturn. The ETH price peaked near $4,100 and has since declined significantly, falling below key support levels. Additionally, a previous consolidation phase (...

The US dollar started 2025 on the front foot and outperformed the local currencies of BRICS countries. The DXY index, which tracks the performance of the US dollar, shows the currency inching towards the 110 mark. The steep rise is adding pressure on local currencies, which have fallen to new yearly lows. As the US dollar outpaces BRICS’ local currencies, leading investment bank Goldman Sachs has warned that a major short-term correction for the stock market is on the cards. Also Read: More Than 20 Countries Apply To Join BRICS in 2025 BRICS: Prepare For a US Market Correction, Says Goldman Sachs Source: Reuters / Brendan McDermid Global investment bank Goldman Sachs predicts the US market should brace for a major downturn in 2025. The forecast from Goldman Sachs comes at a time when BRICS is looking to push the de-dollarization agenda worldwide. “While we expect equity markets to make further progress over the year as a whole — largely driven by earnings — they are increasingly v...

Goldman Sachs has projected that the BRICS alliance will have the world’s biggest economy by 2075. The bloc as a whole will surpass the U.S. economy by a larger margin leaving it to fall behind at a distant third. In the next 50 years, the chances of the U.S. being an economic superpower will reduce considerably. Developing countries are set to outperform America in trade, technology, and fintech, among many other important sectors. Also Read: BRICS : Central Banks Ditching US Dollar, Buying More Gold The top investment bank Goldman Sachs published a report forecasting that the U.S. economy could decline in the coming decades. The study shows that the de-dollarization agenda could boost BRICS member’s economies leaving the U.S. dollar behind. Read here to know how many sectors in the U.S. will be affected if BRICS ditches the dollar for trade. Also Read: BRICS: India and Russia Agree to Ditch US Dollar World's biggest economies in 2075, projected by Goldman Sachs : China...

While the interest in crypto investments was on the rise last year among the home offices, 2023 saw a massive decline in such investors' certainty about the digital assets market. While the interest in crypto investments has been on the rise last year among the home offices, 2023 saw a massive decline in such investors' certainty about the digital assets market.  According to a Goldman Sachs report on May 8, named “Family Office Investment Insides,” 32% of family offices currently hold investments in digital assets. This category includes not only cryptocurrencies but also nonfungible tokens (NFTs), decentralized finance (DeFi) and blockchain-focused funds. Primary motivations of family offices to invest in digital assets. Source: Goldman Sachs  Explaining their motivations for invest ing in digital assets , the majority (19%) named the belief in the power of blockchain technology, whereas only 8% and 9% cited speculation and portfolio diversification, respectively. Related:...