Ethereum

Investors and traders in the cryptocurrency market thought that there could be nothing worse than the Terra crash of 9 May. Little did they know that the month of June had something much worse in store. For instance, the market cap, once well clear of $2 trillion, fell below the $1-trillion mark. Source: Coinstats Ethereum: Altcoin king no more?  At press time, Ethereum [ETH] had fallen by over 38% in the last seven days as per data from CoinGecko. Furthermore, as per a tweet… Source link

Arman Shirinyan Cardano shows better performance compared to Bitcoin and Ethereum while market enters limbo Contents ADA gains 75% 25% against Bitcoin While the majority of the top-tier assets on the cryptocurrency market are struggling under unseen selling pressure, projects like Cardano are feeling relief as they avoid a massive plunge down and even show significant growth in assets like Ethereum and Bitcoin. ADA gains 75% Unexpectedly, Cardano easily beat top-tier digital assets… Source link

Ethereum (ETH) has fallen below $1,000 for the first time in more than a year as the broader crypto market continues to slide south with no quick remedy in sight, or at least not yet. Ether (ETH) was one of the cryptocurrencies that performed particularly poorly, falling 7.32 percent over the past day to follow Bitcoin’s loss. The second largest cryptocurrency by market capitalization is presently selling at $950, down 37.4 percent in the past week. Examining the bitcoin market as a whole… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. This week’s crypto crash is an ongoing spectacle, with the total market capitalization of all blockchain assets shrinking to about $844.5 billion, a level unseen since the very start of 2021. Bitcoin plunged well below $20,000, and as of this writing was trading at $19,095—the market leader has shed one-third of its value over the last seven days.  Ethereum is also in the trenches, trading at time of writing for $994.68,… Source link

The price of Ethereum’s native token, Ether (ETH), careened below $1,000 on June 18 as the ongoing sell-off in the crypto market continued despite the weekend. Ether reached $975, its lowest level since January 2021, losing 80% of its value from its record high in November 2021. The decline appeared amid concerns about the Federal Reserve’s 75 basis points rate hike, a move that pushed both cryptocurrencies and stocks into a strong bear market. “The Federal Reserve has barely started raising… Source link

The cryptocurrency market took a beating over the past week. The total capitalization is down below $1 trillion for the first time since January 2021, losing a staggering $300 billion in seven days alone. One of the cryptocurrencies that performed particularly badly was ETH. It’s down 40% over the same period and is trading at around $1,000, having dipped below this level briefly. Source: TradingView Without any further ado, here are three possible reasons for ETH’s… Source link

An early Saturday morning slide saw Ethereum slip below the key support level of $1,000, and Bitcoin fall as low as $18,905, representing significant new lows in already bearish crypto market, according to CoinMarketCap. Ethereum dropped precipitously from $1,076 to $986 in less than two hours. Bitcoin is down nearly 10% for the day, and continues to hover below the $20,000 mark at press time. The last time Bitcoin was in the $19,000 range was December 2020. Back then, hitting $19,450 was… Source link

Bitcoin has fallen to a significant new low in the current bear market. On Saturday morning, Bitcoin dropped below $20,000, according to data from CoinMarketCap—a milestone seen as a crucial support level for the top cryptocurrency by market cap. At time of going to press, Bitcoin is trading at around $19,460, down over 6% on the day. Although BTC breaching $20,000 is a largely symbolic barrier, experts believe a drop below this level could trigger a wave of ‘forced liquidations’, in… Source link

Ethereum has seen more interest in recent days. Most of it has come from the price decline of the digital asset which has allowed investors to get in at a much lower price. This interest can be easily seen in the rise of the Ethereum-denominated open interest. In the last week, this has risen dramatically. Mostly, it has been managing funds that have been at the forefront of this increase. Ethereum Open Interest Soars For the better part of the past month, the… Source link

Ether (ETH) price is down 37.5% in the last seven days and recent news reported that developers decided to postpone the network’s migration to a proof-of-stake (PoS) consensus. This upgrade is expected to end the dependency on proof-of-work (PoW) mining and the Merge scalability solution that has been pursued for the past six years. Competing smart contracts like BNB, Cardano (ADA) and Solana (SOL) outperformed Ether by 13% to 17% since June 8 even though there was a market-wide correction in… Source link