Ethereum

Bitcoin dropped 15% in 24 hours today, falling below $40,000 for the first time since March 15. Meanwhile, Ethereum dipped 14%, finding itself beneath the $3,000 mark for the first time since March 23.  It’s part of a larger trend, with crypto markets tumbling 8.5% in the span of 24 hours to hit a market cap of $1.84 trillion, according to CoinMarketCap. If you’re looking for plausible answers as to why, it’s worth checking out the equities markets. The S&P 500, an index of 500 top publicly… Source link

Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network.  One protocol that has seen a buildup in momentum since the middle of March is Kava, a project that is developing a co-chain architecture for the Cosmos and Ethereum network. Data from Cointelegraph Markets Pro and TradingView shows that the price of Kava’s native token KAVA has climbed 72.3% after… Source link

Ethereum price has downward Fibonacci projection targets at $2,900 and $2,670. ETH price volume has increased in bearish favor. Invalidation for the bearish count is a break above $3,300. Ethereum price has suffered a blow at the $3,200 support level. Investors should consider further drops in the ETH price as the bears display strong control. Ethereum price support has vanished Ethereum price is at the time of writing, trading at $3,040 and retesting a key… Source link

What happened After a decent rally in recent months, the crypto market is coming off a tough weekend as macro concerns continue to spark fear in the broader market. Over the last 24 hours, the world’s largest cryptocurrency, Bitcoin ( BTC -3.33% ), traded more than 4% lower as of 11:05 a.m. ET. The price of the world’s second-largest cryptocurrency, Ethereum ( ETH -5.77% ), traded nearly 6.6% lower, and the price of Dogecoin ( DOGE -5.31% ) traded nearly 10% down…. Source link

The crypto industry’s hopes for a new Bitcoin (BTC) rally during last week’s Bitcoin 2022 event in Miami haven’t lived up to expectations; the leading cryptocurrency slipped below $42,000 on Monday morning to levels last seen on March 22. Bitcoin is trading at $41,532 at time of going to press, with data from CoinMarketCap showing that the benchmark cryptocurrency is down 2.36% over the past 24 hours and 9.65% in the last week. The Bitcoin 2022 conference, which gathered thousands of… Source link

Despite Bitcoin miner revenue increasing in March, Ethereum miners still came out 10% ahead in revenue over miners of the first blockchain-backed cryptocurrency.  March proved to be an arduous month for Bitcoin miners. According to Be[In]Crypto Research, miners were able to generate approximately $1.21 billion in revenue during the third month of 2022.  Inasmuch as this figure seems low when you consider the demand for Bitcoin, the total mining revenue for Bitcoin was up from February… Source link

During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent treasury asset as a number of companies are known to hold the second leading crypto in their reserves. Ethereum Treasuries Have Grown According to the bitcoin treasuries list, exchange-traded funds,… Source link

Ethereum is about to end this week in the red. The bears were able to push the price down since nailing this week’s high at $3547. Currently, the daily MA-20 line acts as a solid support level, and the bulls struggle to hold it.  The Daily Chart Technical analysis by Grizzly On the daily timeframe, ETH dropped towards the daily MA20 (moving average) line after the bulls failed at the significant daily MA200. Now the big question is whether the uptrend is over? To answer… Source link

Ethereum Price To Hit The Support Or Resistance – Here’s What You Need To Know by Analytics Insight April 9, 2022 Ethereum has been bullish and is projected to break its resistance this month. The Ethereum price performance has been impressive over the last few weeks. Even during this writing, it was among the two cryptocurrencies that had made gains over the past 24 days while all the other coins were in the red. How will the Ethereum price perform in the coming days? Ethereum is… Source link

While the Ethereum community is getting prepared for The Merge and the protocol’s transition to a full proof-of-stake (PoS) system, the network’s hashrate reached an all-time high (ATH) on April 7, 2022. On Thursday, Ethereum’s hashrate reached a high of 1.131 petahash per second (PH/s), jumping 13% in 89 days. Ethereum’s Hashrate Climbs 13% Higher Since the First Week of January The Ethereum blockchain is expected to transition into a full proof-of-stake (PoS) network this… Source link