Ethereum

Two months ago, it seemed inevitable that Ethereum (CRYPTO:ETH) would break through the $5,000 ceiling. The popular cryptocurrency hit an all-time high just below $4,900 in mid-November, and momentum was on its side. But it didn’t happen. Digital currencies have corrected sharply in recent weeks, and Ethereum has tumbled along with most of the market. With the digital currency trading at roughly $3,150 on Wednesday morning, it would have to climb 59%… Source link

Image source: Getty Images Here’s why Ethereum has lost over 30% in two months. Key points Ethereum’s price has fallen dramatically since its November highs, in part due to wider economic factors. Buying Ethereum now may be a good… Source link

Crypto.com, one of the worlds’ largest cryptocurrency exchanges has reportedly suffered a hack, with at least $15 million worth of Ethereum stolen. The hack is the latest in a series of security branches that have affected crypto currency exchanges and it further damages confidence in the nascent cryptocurrency sphere.  The issues came to light when users began reporting that their funds were missing, even those with two factor authorization enabled. Crypto.com tweeted that it was… Source link

Ethereum (CRYPTO: ETH) was trading over 3% lower at one point on Tuesday afternoon after breaking down from a bear flag on Monday that Benzinga called out last Friday. The cryptocurrency sector has been in turmoil since Nov. 10 when Ethereum and Bitcoin (CRYPTO: BTC) hit all-time highs of $4,867.81 and $69,000, respectively, and bullish traders have been unable to catch additional upside other than a few quick relief bounces. On Jan. 6, JPMorgan analysts, led by Nikolaos… Source link

There’s a potential event that Ethereum (CRYPTO:ETH) investors are looking forward to, and it’s called the flippening. This will take place the moment that Ethereum overtakes Bitcoin (CRYPTO:BTC) in terms of market capitalization. Ethereum, with a market cap of $373 billion as of Tuesday morning, would have to more than double to overtake Bitcoin at $786 billion.  The gap has actually widened over the past month, as Ethereum’s 20% decline finds it… Source link

What happened What looked to be a broad-based recovery among top cryptocurrencies last week has once again turned around this week. Top tokens Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) all declined considerably this morning. For Bitcoin and Ethereum, today’s moves lower have essentially erased all the positive momentum those tokens saw last week. Over the past 24 hours, Bitcoin and Ethereum are down 2.4% and 3.9% as… Source link

Image source: Getty Images We don’t yet know if Ethereum’s price has reached the bottom. Key points Ethereum’s price fell along with the rest of the cryptocurrency market due to tightening monetary policies. Ethereum’s upgrade won’t… Source link

Crypto.com’s Ethereum hot wallet was hacked yesterday, reportedly leaving some users with sizable losses. Users of the exchange also found that they were missing cryptocurrencies from their balances and, in some cases, their entire digital wallet had been picked clean. The exchange subsequently took to Twitter to confirm an investigation was underway. We have a small number of users reporting suspicious activity on their accounts. We will be pausing withdrawals shortly,… Source link

The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million ethereum or more than $28 billion using today’s exchange rates. The amount of ethereum locked into the contract has increased 22.29% since the first week of September 2021, when the contract held 7.4 million ether. Ethereum 2.0 Contract Exceeds 9 Million Ether While the proof-of-work (PoW) side of the Ethereum network has seen its hashrate tap all-time highs above 1 petahash per second (PH/s) this year,… Source link

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Understandably, the attention of crypto investors is fascinated by Bitcoin. It has a market dominance of close to 40% and is the world’s most widely-adopted and highest-priced cryptocurrency. However, while Bitcoin has done more than enough to take the crypto economy where it is today, in the future, Ethereum will be decisive about the industry’s… Source link