At a recent price of about $1,270, Ethereum (ETH 4.71%) is down nearly 75% from the all-time high of $4,891.70 it touched in November 2021. That stratospheric level now seems like a distant memory for Ethereum investors, who enter 2023 uncertain of what’s next for the second-largest crypto by market capitalization. Is a potential comeback in the making? Although the idea that it could nearly triple in value this year to $3,500 might sound outlandish, Ethereum was actually trading around… Source link

An address related to the $190-million Nomad exploit has moved $1.57 million in Ether (ETH) to the sanctioned crypto mixer Tornado Cash.  In an alert, blockchain security firm CertiK flagged that a wallet address affiliated with the Nomad hack has transferred 1,200 ETH into Tornado Cash, suggesting that the attackers may be cashing in the funds. The hacker transferred 12 batches of 100 ETH to the sanctioned mixer. Nomad hack address transferring funds to Tornado Cash. Source: Etherscan The… Source link

As the withdrawal date for unstaking Ethereum closes in, tokens powering various liquid staking protocols are enjoying a hefty rally. Lido Finance (LDO) and Rocket Pool (RPL), for example, have already posted significant gains over the past 24 hours, according to data from CoinGecko. LDO, the governance token powering Lido Finance, Ethereum’s largest liquid-staking protocol, gained over 17.2% in the last 24 hours and trades at around $1.88. Intense trading for the liquid-staking derivative… Source link

Monday saw a break-out for bitcoin. Photo: PA/Alamy Bitcoin (BTC-USD) has languished in the $16,000 (£13,415) trading range for almost three weeks, but Monday saw a break-out for the world’s biggest cryptocurrency, which spiked to $17,200 (£14,140). The entire cryptocurrency market capitalisation increased by 3% in the past 24 hours, according to Coingecko. Check: Crypto live prices Of the top 10 blue-chip cryptocurrencies, Cardano (ADA-USD) performed strongest and saw a hike of almost 17% in… Source link

Crypto insights firm Santiment says that one Ethereum-based altcoin just experienced its largest surge in whale activity in almost a year and a half. According to Santiment, interoperability blockchain Quant (QNT) had 187 six-figure transactions on January 7th, the most since September of 2021. “After its modest +10% price spike after its last whale activity spike on Dec. 30th, Quant has now shown a much larger amount of whale transactions on its network today. There are 187 QNT… Source link

BTC/USDT 1-Hour Analysis Chart (Source: TradingView) Looking at the hourly chart of the first-ever cryptocurrency to become used in real life, Bitcoin has been fluctuating between $16,622 and $17,248 within the past 7 days, according to CoinMarketCap. Since Bitcoin has been trading above the 200-moving average, it is generally thought that the cryptocurrency is now moving in bullish momentum. While BTC is currently inside an overbought region and has an RSI value of 72.39, we can anticipate… Source link

While Bitcoin (BTC) ATMs were an afterthought to Satoshi Nakamoto’s vision of sound money, they are now considered one of the main pillars of Bitcoin’s mainstream adoption. However, the global Bitcoin ATM network, which used to add thousands of machines each month in 2021, recorded a net addition of just 94 Bitcoin ATMs over the past six months since July 2022. A year-long bear market in 2022 — accompanied by geopolitical tensions and global inflation — hindered various initiatives… Source link

On January 9, the Bitcoin price prediction became bullish, with BTC rising nearly 1.50% to $17,223. Similarly, Ethereum, the second-largest cryptocurrency, soared nearly 3.50% to $1,310 during Monday’s Asian session.  Marathon Digital Holdings, one of North America’s largest Bitcoin mining companies, revealed in an update that it has been experimenting with overclocking in order to improve its strategic advantage in the BTC mining… Source link

Bitcoin (BTC) starts a new week on a promising footing with BTC price action near one-month highs — can it last? In a new year’s boost to bulls, BTC/USD is currently surfing levels not seen since mid-December, with the weekly close providing cause for optimism. The move precedes a conspicuous macroeconomic week for crypto markets, with the December 2022 Consumer Price Index (CPI) print due from the United States. Jerome Powell, Chair of the Federal Reserve, will also deliver a speech on the… Source link

Cardano and Solana decoupled from Bitcoin, Ethereum and crypto ecosystem, yielding double-digit gains overnight on January 8.  On-chain indicators like social dominance and daily active addresses signaled a bullish trend reversal for both.  Litecoin’s correlation with Bitcoin and Ethereum is declining, the altcoin may be preparing for an explosive price rally. Cardano and Solana, two competitors of the smart contract blockchain network Ethereum recently… Source link