For the longest time, the meme coin Shiba Inu (SHIB) had been an Ethereum whale favorite. This support was driven by the rapid growth of the cryptocurrency that netted some of these whales millions of dollars in profit. However, with the crypto winter, SHIB has suffered one of the worst declines, causing Ethereum whales to move away from the meme coin. Shiba Inu Falling Out Of Favor At one point, the Shiba Inu holdings of the top 5,000 largest Ethereum whales had reached as high as $1… Source link

Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network fees and daily active users. Source: TokenTerminal The total value locked in Ethereum-based smart contracts also decreased by decentralized finance by… Source link

Crypto markets threw a nice head fake this week by rallying into resistance on a “positive” Consumer Price Index (CPI) report, before retracing the majority of those gains right after Federal Reserve Chair Jerome Powell took on a surprisingly hawkish tone during his post-rate-hike presser.  The Fed hiked interest rates by 0.50%, which was well within the expectation of most market participants, but the eyebrow-raiser was the Federal Open Market Committee consensus that rates would need… Source link

With bitcoin and the CoinDesk Market Index turning lower as traders rethinking the takeaway from this week’s Federal Reserve meeting, plus a closer look at BTC dominance, CoinDesk’s “Markets Daily” is back with the latest news roundup. December 16, 2022 Listen on: Source link

Bollinger Bands are a technical indicator that tracks an asset’s 20-day moving average, and calculates price bands that are two standard deviations above and below that average. Statistically, prices stay within two standard deviations of its average approximately 95% of the time, so a move beyond either band is important to monitor. Source link

The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14.  The rejection did not invalidate the 4-week-long ascending channel, but a weekly close below $825 billion will confirm a shift to the lower band and reduce the support level to $790 billion. Total crypto market cap in USD, 12-hour. Source: TradingView The overall investor sentiment toward the market remains bearish, and year-to-date losses amount to… Source link

Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network fees and daily active users. Source: TokenTerminal The total value locked in Ethereum-based smart contracts also decreased by decentralized finance by… Source link

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The token of the decentralized application (DApp) creation platform Waves (WAVES) is plummeting after the algorithmic stablecoin backing it failed to maintain its peg to the US dollar. From opening at $2.38 on December 1st, Waves is now trading for $1.75, a nearly 27% decrease. The low-cap Ethereum (ETH) rival is seeing massive losses after the Digital Asset Exchange Alliance (DAXA) flagged the token with an investment warning. South Korea’s association of crypto exchanges… Source link

What happened Cryptocurrencies struggled today as the industry continues to deal with the fallout of the FTX meltdown and assess broader contagion. Furthermore, investors are also still digesting the Federal Reserve’s final meeting of the year earlier this week. Since late yesterday afternoon, the price of the world’s second-largest cryptocurrency, Ethereum (ETH -6.10%), traded 6.2% lower as of noon today. The price of Ethereum had fallen below $1,200. The price of the meme tokens Dogecoin… Source link