Ethereum

The crypto economy has dropped considerably in value during the last five weeks, slipping 23.28% from $2.19 trillion to today’s $1.68 trillion. Furthermore, both bitcoin and ethereum are awfully close to sinking 50% below the all-time highs recorded six months ago. Bitcoin Sinks Lower Against the US Dollar, 39% Down in 30 Days Digital currency markets have been in the red during the last few weeks, as a great number of crypto assets have seen significant percentage losses. During… Source link

As per the latest data released by Santiment, on 7 May, the Ethereum network experienced a 3.4 times rise in the number of transactions as compared to any other day. The tweet further went out to state that with the ongoing market capitulation, this is the first time in the last 3.5 years that the ETH token has witnessed this volume of transactions in a single day. Ether at the moment The token, at press time, was in the green, but it hasn’t performed quite well in the last four weeks, to… Source link

The cryptocurrency market has calmed down after the massive drop over the last two days. Currently, ETH lies on top of a critical support level, which most analysts refer to as a key level developed over the previous 12 months. Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, after the bears pushed the price down more than 10% over the past two days, the weekend has been relatively stable. However, is this calm before a giant… Source link

Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low. Bitcoin BTC was once again trading lower on Saturday, as prices were battling to find a floor following Friday’s selloff. After hitting an intraday low of $35,482.13 during yesterday’s session, BTC/USD was marginally higher, but still close to its two-month low.

NFT collective Doodles announced today that former Billboard President Julian Holguin is joining the group as CEO. The official Doodles account tweeted: “Julian will work alongside the founders to expand Doodles IP throughout music, gaming, and entertainment, while deeply integrating culture into the product.” That’s fitting, considering the decades-long career Holguin has had in the music and entertainment industry. During his 10 years at music industry website and chart maker… Source link

For years, trading app Robinhood listed just a handful of cryptocurrencies. Over the past month, it’s brought that number to 11, and it’s now also making available two equities assets tied to the price of crypto. As of today, Robinhood users can buy and sell Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) via the app. GBTC and ETHE are investment products that trade like a stock and allow investors to get exposure to the price of Bitcoin and Ethereum, respectively, without… Source link

Bitcoin price trades sideways after brief acquaintance with $35,750 Ethereum price slides below the monthly trend line at $2,700 XRP price rests at $.60, displaying hopeful signs Bitcoin price is still macro bullish Bitcoin price currently trades at $36,000 after Thursday’s jaw-dropping sell-off. April saw four sell-offs which were all quickly reversed in a matter of hours. For the first time, the Bitcoin price is resting post-sell-off. Traders hoping for another fakeout spike to the… Source link

znm/iStock Editorial via Getty Images With the US 30Y Bond yield above 3%, cryptocurrencies are now in a bear market similar to 2018. From a fundamental perspective, our outlook is as follows: As interest rates increase, access to cash becomes harder With no ability to raise cash, small tech firms (i.e., tokens on the ETH blockchain) start to fail As a result, demand for Ethereum (ETH-USD) lessens Repeat ETH vs US 30Y [5/4/22] (TradingView) High interest rates are very bearish for… Source link

DUBAI, UAE / ACCESSWIRE / May 6, 2022 / Coinsfera is a cryptocurrency exchange where you can sell Ethereum in Dubai. It is quite simple to sell Ethereum in Dubai for cash via Coinsfera as you should be able to finish your deal in 10-15 minutes. Selling Ethereum through Coinsfera is both safer and quicker as we strive to improve the sales process with customer satisfaction. Now officially everyone can exchange Ethereum for USD in Dubai with Coinsfera Converting Ethereum to USD in Dubai has… Source link

Not content to merely erase its recent gains, Bitcoin’s price today continued its drop until it reached its lowest point since late February. Declining 8% in just 24 hours, Bitcoin dipped below $36,000 before stabilizing. It’s a similar story for the crypto market as a whole, which lost 7% during the same time frame; Ethereum shed 7% from yesterday’s price, and the rest of the top 10 faced losses of between 5% and 9%. Just yesterday, crypto asset prices were noticeably higher, rising along… Source link