Ethereum

Crypto short sellers are drowning in a deluge of liquidations as Bitcoin (BTC), Ethereum (ETH) and other altcoins rally. According to liquidation data from CoinGlass, the crypto markets have experienced more than $180 million in liquidations in the last 24 hours alone. Since January 13th, short sellers have been hit with over $600 million in liquidations, according to the crypto data platform. In the last 24 hours, Bitcoin liquidations have hit $34.71 million. The leading crypto… Source link

Bitcoin consolidated on Jan. 16, as U.S. markets closed in celebration of the Martin Luther King Jr. Day holiday celebration. Traders have seemingly moved to secure recent gains, after the world’s largest cryptocurrency rose above $21,000 for the first time since November. Ethereum also retreated from recent highs in today’s session. Bitcoin Bitcoin (BTC) consolidated to start the week, as prices failed to break out of a key resistance level. Following a high of $21,345.25 on… Source link

Bitcoin (BTC) and Ether (ETH), the top two cryptocurrencies by market capitalization have always been pitted against each other. With the start of the new year, the first debate has surfaced comparing BTC’s capped supply of 21 million and ETH’s deflationary supply and which of the two qualifies as more sound money. An Ethereum-focused Twitter handle called ‘ultra sound money’ compared the issuance supply of both crypto and suggested that “if capped-supply BTC is sound then… Source link

With Bitcoin and Ethereumboth soaring over 20% this past week, the cumulative value of all digital assets has once again reclaimed the key level of $1 trillion. This is the first time the wider crypto market has been valued this high since the beginning of November when the sudden collapse of FTX sent prices spiraling. Peaking at $1.15 trillion on Sunday night, the total market capitalization is currently valued at $1.01, according to data from CoinGecko. The key driver behind the latest upward… Source link

Ethereum staking activity increased closer to the Shanghai upgrade and subsequent staked-ETH unlock.  Total value staked in ETH2.0 deposit contract hit a new all-time high of 16,042,407 tokens, in an upward swing.  On-chain indicators like whale activity on the Ethereum network corroborate the growing interest among traders and the community.  Ethereum staking, which involves locking ETH tokens in a deposit contract and earning the opportunity of validating… Source link

The biggest Ethereum (ETH) whales in existence are eyeing up Dogecoin (DOGE) rival Shiba Inu (SHIB), according to on-chain data. Keeping track of the 500 biggest whales on the Ethereum network, blockchain tracker service WhaleStats says that SHIB is the third largest holding among the cohort, excluding stablecoins and staked Ether (stETH). “The top 500 ETH whales are hodling $148,197,940 BEST$85,540,230 LOCUS$84,571,717 SHIB$61,997,059 BIT$57,980,317 UNI$56,226,206… Source link

The Shanghai update for 32 ETH holding a value of US$45,000 has created a storm and created competition for LSD Coins have had a great second week of the calendar year, with Bitcoin, and Ethereum all reporting significant gains. Close examination indicates that liquid staking tokens, also known as “liquid staking derivatives (LSD),” are the market’s greatest winners. Over the past few days, the tokens supporting projects like Lido Finance, up to 50.3%, and Rocket Pool, up to 23.3%,… Source link

Just_Super Bit Digital (NASDAQ:BTBT) is primarily a Bitcoin (BTC-USD) mining business based in the United States. I’ve previously covered Bit Digital for Seeking Alpha several months ago. At the time, the mining space was just starting to deal with issues from low BTC prices and counter party bankruptcies. In my view, this was a headwind for Bit Digital specifically because of its use of mining hosts. While the article probably read pretty harsh if you’re a BTBT bull, the one positive thing… Source link

Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. Rise of L2 Scaling Solutions Arbitrum and Optimism Onchain transaction fees have decreased significantly… Source link

Ethereum prices have surged to their highest levels for ten weeks. Additionally, ETH issuance is back in the deflationary territory as network demand ramps up. Ethereum prices closed in on $1,600 during the morning of Jan. 16. Building further on weekend gains, ETH tapped its highest price since Nov. 8, reaching $1,589 this morning. The asset has made 3% over the past 24 hours and was trading at $1,568 at press time. Furthermore, ETH has gained more than 30% over the past fortnight. It has… Source link