Cryptocurrency News
In the third quarter of 2024, Bitcoin’s dominance surged to its highest level since April 2021, as $BTC traded sideways while both $ETH and smaller tokens reached new yearly lows. This trend suggests that Bitcoin is increasingly being viewed as a form of money, whereas Ethereum’s valuation appears more closely […]
In the past 24 hours, 108,000 ETH, worth approximately $259.2 million, was transferred to cryptocurrency exchanges, signaling increased selling pressure. A prominent Ethereum ICO participant has been at the center of this activity, offloading another 6,000 ETH, valued at $14.11 million, just 45 minutes ago. 108,000 $ETH were sent to […]
Over 1.89 million Ethereum addresses have acquired a substantial 52 million $ETH around the $2,350 price range, signaling strong historical demand at this level. This zone may act as a key support for Ether as it moves forward, providing a foundation for future price stability. See that large green bubble? […]
The digital asset market is abuzz with excitement as investment products saw a staggering $1.2 billion in inflows for the third consecutive week. Bitcoin led the charge with $1 billion, while Ethereum broke its five-week slump with $87 million in inflows. According to CoinShares, digital asset investment products saw a […]
In the latest drops, Ethereum briefly lost momentum and is now looking weak after failing to reclaim $2,800 in the recent upsurge. However, its monthly outlook remains bullish while locating support for a fresh buy. Like most altcoins, Ethereum has also posted some gains this month, but not as significant […]
Ethereum’s price rally this week has significantly boosted market sentiment, with the percentage of addresses “in the money” soaring from 59% to 69%. Additionally, more than 80% of ETH trading volume is now in profit, signaling strong buying support at crucial price levels. ETH’s rally this week quickly pushed the […]
The Base blockchain has experienced a meteoric rise, surpassing 2 million daily active addresses, outpacing other Layer 2 (L2) solutions. While the recent spike in activity is partly driven by airdrops and the introduction of $cbBTC, the main excitement seems to stem from the growing popularity of Basenames, Base’s equivalent […]
Ethereum continued to retrace higher after failing to advance lower this month. The price is approaching August’s high as it maintains a bearish daily. A break above this high could bring a small shift in the trend. The past week has been stunning for Ethereum as it increased by another […]
Ethereum and its Layer-2 solutions have faced sluggishness recently, yet data indicates strong fundamentals for both. Notably, Arbitrum stands out as a leading player in the Layer-2 narrative. 1. Total Value Locked (TVL) TVL is a crucial metric that reflects a network’s popularity and investor trust. It also helps gauge […]
A massive Ethereum whale, known as “0xe3e,” has been offloading significant amounts of ETH over the past few days. In just three days, the whale sold 10,595 ETH for $24.7 million USDT. Regardless of market direction, this whale continues to sell 87.56 ETH for USDT every few minutes. Their current […]
Last weekend saw Ethereum through another downturn after failing to sustain momentum above $2.5k. However, it has posted a substantial loss so far but currently trades calmly as it foots a strong bearish move. Compared to the late July-August crash that rolled the price back to its yearly low, Ethereum […]
Crypto trader James Fickel (@jamesfickel) recently experienced a significant loss, totaling nearly 18,000 $ETH (roughly $43.7 million), due to an ill-fated long position on the BTC/ETH trading pair. From January 10 to July 1, Fickel borrowed 3,061 $WBTC (worth $172 million) from Aave, exchanging it for 56,445 $ETH at a […]
Despite Bitcoin dipping slightly to $57.3K and Ethereum dropping to $2.3K over the past week, altcoins are seeing a resurgence. The fear, uncertainty, and doubt (FUD) surrounding major crypto assets have eased, allowing several altcoins to rebound with minimal resistance. 📊 Despite Bitcoin's slight dip ($57.3K) and Ethereum's bigger dip […]
Since mid-August, transactions involving cryptocurrency whales have significantly declined. Bitcoin transactions of $100,000 or more have dropped by 33.6% from their peak levels in March and April. Ethereum transactions in the same value range have plummeted even further, with a 72.5% decrease from their peak. 🐳 Cryptocurrency's whale transactions have […]
According to Benjamin Cowen, CEO and Founder of ITC Crypto, Ethereum could be heading towards a significant price correction by the end of 2024. Cowen notes that the wedge pattern Ethereum has formed this cycle features higher lows, nearly 10x those of the wedge formed in 2019. However, the similarities […]
The bulls have continued to suffer a loss on a monthly scale as the market recently resumed a sell-off. This puts Ethereum in a more bearish state as it declined by 45% in four months. It is redistributing for a huge drop. ETH saw a slight rejection after almost reclaiming […]
Ethereum has reached a four-month peak in network growth, with 126,210 new wallets created on a traditionally quiet Sunday. This surge suggests rising network utility and hints at potential price rebounds from the $2,200-$2,300 range. 📈 Ethereum has just hit a 4-month high in network growth, on a day (Sunday) […]
Justin Drake from the Ethereum Foundation recently shared in an AMA that the foundation’s financial report is forthcoming. Currently, the foundation’s annual expenditure is around $100 million. With approximately $650 million held in ETH reserves and enough fiat reserves to sustain operations for about a decade, the foundation is well-positioned. […]