Ethereum

Ethereum (ETH -3.43%) has long played second fiddle to Bitcoin (CRYPTO: BTC) in the crypto world, despite the fact that many of the most exciting innovations in the crypto space (including the creation of NFTs and smart contracts) actually originated on the Ethereum blockchain. According to market capitalization, Bitcoin is still nearly twice as large as Ethereum, and many casual investors may keep a close eye on the price of BTC but seem to pay little or no… Source link

The crypto market experienced another day of pain on May 12 as the fallout from the Terra’s LUNA and UST failure continues to ripple across the ecosystem. While the coverage for UST and its impact on Bitcoin (BTC) have been extensively covered over the past few days, the pullback has also had a significant impact on the price of Ether (ETH) as traders hastily exited the market. Data from Cointelegraph Markets Pro and TradingView shows that the past seven days of selling dropped Ether to… Source link

Ether (ETH) is down 38% in three weeks and the current $2,000 level is 59% below the $4,870 all-time high that was reached in November 2021. Additional newsflow that added to the current market wide volatility were the bankruptcy fears that emerged after Coinbase, the largest U.S. exchange reported a $430 million first-quarter 2022 loss.  In the most recent 10-Q filing Coinbase included the following disclosure: “In the event of a bankruptcy, the crypto assets we hold on behalf of our… Source link

In yesterday’s article on Bitcoin BTC/USD, I highlighted a support level where the price is trading around that has the potential to end its decline and encourage a reversal back to the upside. The price, as of Thursday, trading below this level, but only just. I tend to look at these levels as zonal areas instead of hard levels. We will get a better idea if this level holds firm by the end of this week, or even the end of May, once we have confirmed closing prices. Fake breakouts are… Source link

What happened The crypto sell-off continued today, as investors continued to shun riskier assets amid high levels of inflation and the Federal Reserve’s ongoing tightening of its monetary policy. The entire cryptocurrency market recently lost $200 billion in a single day. Over the last 24 hours, the price of the world’s largest cryptocurrency, Bitcoin (BTC -2.04%), traded down roughly 2.5% as of 12:57 p.m. ET. The price of Bitcoin is currently hovering below $30,000. The… Source link

Bitcoin and other cryptocurrencies have crashed further as a massive sell-off continues to roil the cryptocurrency market. The price of bitcoin was around $28,000 on Thursday, down about 7 percent over the last 24 hours, according to data from CoinGecko. Both bitcoin and its rival, ethereum, are down about 30 percent in the past seven days. Ethereum was trading at about $1,908 on Thursday, down about 18 percent over the last 24 hours. This comes after the TerraUSD stablecoin, also known as… Source link

Tomiwabold Olajide Ethereum whales have been actively transacting ETH in the last 24 hours at a pace last seen in January According to on-chain analytics firm Santiment, Ethereum whales have been actively transacting ETH in the last 24 hours at a pace last seen in January. According to the chart provided by Santiment, Ethereum whales fired off a total of 2,956 transactions, each valued at $1 million or more on May 11, marking the highest day of whale transactions in nearly five months.

The world’s second largest cryptocurrency Ethereum has joined the cryptocurrency crash – plummeting in value by 20 per cent over the last 24 hours – as the digital currency downturn hammers investors who bought during the Covid years. Cryptocurrencies have sharply declined in value during the past few days as fears for the global economy spread and investors start to sell off risky assets. However investors in more traditional stocks are also hurting, with US tech stocks also plunging in… Source link

What happened  The news in the crypto market continued to get worse after Tuesday’s de-peg of TerraUSD (UST -6.08%) from the U.S. dollar, as well as the drop in Bitcoin (BTC -7.11%). This has effectively caused a cascade of selling and has led to outright panic in some circles. And even the most useful crypto assets are down big Wednesday.  At noon ET, the value of Ethereum (ETH -11.20%) had fallen 3.6% in the prior 24 hours, Solana (SOL -28.58%) had dropped 19.9%, and… Source link

Like the network itself, Hive tests are constantly evolving. Most recently, testing teams have added the ability for Hive tests to mock the new proof-of-stake Ethereum Consensus Layer (CL) behavior. This new integration will allow it to run a simulator for the transition from PoW to PoS and see how both the CL and EL will behave. Source link