Ethereum

Ether (ETH) price has bounced 13% from its Jan. 9 low at $2,950, but it seems premature to call the move a cycle bottom. Instead, the larger bearish movement has prevailed and although it looks primarily correlated to Bitcoin (BTC) price, regulatory concerns and a tighter United States Federal Reserve policy have also been blamed for the movement. BTC and Ether have been under pressure since regulators focused their attention on stablecoins. On Nov. 1, the U.S. Treasury Department urged… Source link

Lysogor/iStock via Getty Images I recently wrote an article that explores that investment case for Ethereum. While I think Ethereum (ETH-USD) is going to grow rapidly and mostly maintain their market leadership (~60% in 2022 down from 90%+ to start 2021) in the smart contract space, there are some attractive alternatives that may experience even more rapid growth. I plan to write the investment case for each one of the other major Ethereum competitors starting with one of my favorites:… Source link

Forget about high-flying tech stocks. Ethereum (CRYPTO:ETH), the world’s second-most-valuable cryptocurrency behind Bitcoin (CRYPTO:BTC), has skyrocketed by almost 30,000% over the past five years. This means that a $1,000 investment in Ethereum made on January 2017 would be worth about $300,000 today. So, is it too late to buy? Would you just be chasing returns at this point? I don’t think so. Even after the huge price gain, buying Ethereum in… Source link

What happened  After a rough start to the year, the cryptocurrency market jumped early on Wednesday as the markets rose and fears eased about the Federal Reserve dropping surprises on the market after Chair Jerome Powell’s testimony in front of Congress.  The dollar price of Bitcoin (CRYPTO:BTC) was up 3.2% in the last 24 hours as of 1 p.m. ET after jumping as much as 4%. Ethereum (CRYPTO:ETH) was up as much as 5.4% and is currently up 5.2%, Solana

Over 9 million ETH are now deposited in the Ethereum 2.0 deposit contract. At today’s price, that is nearly $30 billion in capital looking to secure the proof-of-stake network and gain further exposure to Ethereum’s native asset. This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here. However, those 9 million staked ETH really represent 280,000 active validators… Source link

Cryptocurrency has been off to a rough start this year. After reaching an all-time high in November, the price of Ethereum (CRYPTO:ETH) has plummeted by more than 35% since its peak. It’s not the only one crashing, either. After the Federal Reserve cautioned that it could soon roll back pandemic-era stimulus measures in order to combat rising inflation, the entire crypto market saw a massive sell-off. Crypto prices have also been hit as more countries… Source link

What happened Many of the most-watched cryptocurrencies are seeing interest rebound today, as investors continue to digest macro data and adjust their portfolios according to the aggregate risk profile the market is comfortable with. Top tokens Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) appreciated 1.8% and 3.5%, respectively, over the past 24 hours as of 11 a.m. ET. These moves generally aligned with the overall crypto market, which surged 3%… Source link

Key Support levels: $3K – $2750 Key Resistance levels: $3,300 – $3,600 ETH’s downtrend is currently taking a break, with prices pausing just above $3,000. The sellers seem unable to push the cryptocurrency lower after the latest attempt yesterday briefly took the price to $2,926 (Bitstamp) before it recovered back above the key support. The resistance is found at $3,300 and appears quite far away at the time of this post. Before buyers have the confidence to put ETH on… Source link

Ethereum was a the first programmable blockchain, a platform where developers can build self-executing programs known as smart contracts. Since its launch, that technology has evolved into decentralized applications (dApps) and decentralized finance (DeFi) platforms, software that exists on a peer-to-peer network rather than centralized corporate servers. dApps prevent censorship and protect user privacy, and DeFi products make financial services more… Source link

The world’s two most valuable cryptocurrencies by market cap, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), soared in value 61% and 409%, respectively, in 2021. Investors are beginning to view these coins as legitimate assets to allocate a small percentage of their portfolios to.  Even with continued innovation in the crypto space and the slow progress toward mainstream adoption, I’m considering exiting my investments in Bitcoin and… Source link