Ethereum

Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates by 25 basis points, taking current rates to 4.75%. Bitcoin was in the green on Wednesday, as prices rose above $23,000. Bitcoin Bitcoin (BTC) was back above $23,000 in today’s session, as traders turned their attention to this afternoon’s FOMC meeting. After recording a low of… Source link

The world’s second-largest cryptocurrency, Ethereum, barely holds above water amid a delicate situation in the market. Investors are patiently waiting for every word of the speech by the Federal Reserve chair, Jerome Powell. Some experts believe the expected 0.25% hike in interest rates has been factored in with Ethereum price and other cryptocurrencies likely to remain unchanged. For the moment, Ethereum price teeters at $1,575… Source link

A veteran trader in the crypto space thinks one layer-1 blockchain project offers a similar opportunity to what Ethereum (ETH) did four or five years ago. In a new interview with Bankless, Chris Burniske, a partner at the venture capital firm Placeholder, argues that Solana (SOL) is currently undervalued and has ETH-like potential as an investment. Says the trader, “I think if I had to pick an ecosystem that’s contentious and that you should pay attention to, and in its… Source link

The similarities between how the Ethereum network improved on Bitcoin and how Big Eyes Coin is improving on Dogecoin should be paid close attention to. Ethereum, with its native token Ether ($ETH), has become arguably the most important cryptocurrency available today. It took what Bitcoin ($BTC) set up – its innovative blockchain technology – and developed it further. We will look at how it did this, and why coins like Big Eyes Coin should heed its blueprint. Big Eyes Coin, with its… Source link

Bitcoin (BTC) and Ethereum (ETH) have been cruising along the market, with their prices staying above $23,000 and $1,500 respectively. This has contributed to an overall growth of the global crypto market cap which currently stands at $1.05 trillion, showing a 0.91% increase in the last 24 hours.  Despite this, traders appear to be reluctant to make any significant offers ahead of the US Federal Reserve’s announcement. This… Source link

CoinShares International Limited CoinShares is monitoring the transition of Ethereum and is happy to announce that, as part of its commitment to provide an investor-centric experience, it will reduce its management fees to 0% p.a. on the CoinShares Physical Ethereum ETP on February 1st, 2023 February 1st, 2023 | SAINT HELIER, Jersey – CoinShares (“the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), Europe’s leading digital asset manager has today announced that CoinShares Digital… Source link

Bitcoin (BTC) is rapidly regaining its lost dominance in the crypto market so far into 2023. On Jan. 30, Bitcoin accounted for 44.82% of the total crypto market capitalization, the highest since June 2022. In September 2022, Bitcoin’s dominance index was as low as 38.84%. The index typically rises when most crypto investors reduce their exposure to smaller tokens and seek safety in Bitcoin. The reasons include Bitcoin’s better liquidity and lower volatility than alternative cryptocurrencies,… Source link

Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday. Ethereum also moved lower today. Bitcoin Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices… Source link

Big Eyes Coin (BIG) has some big shoes to fill, but it seems like it’ll reach if targets – if not pass them entirely. Currently, in stage 10 of its presale, it has already raised an incredible $20 million, a number which grows every single day. Big Eyes is a meme coin during a time of oversaturation after the successes of Dogecoin (DOGE) Shiba Inu (SHIB) in 2021, which has led to many pump-and-dump schemes cropping up to take advantage of the new interest. Having the ability to develop… Source link

After months of rollercoaster rides with the $1,500 price range, Ethereum has finally managed to break the $1,600 resistance and is doing a good job stabilizing it at the moment. Alongside Bitcoin and most other leading altcoins, Ethereum has recorded some solid returns so far in January, with a value increase of around 30%. If the market continues this recovery and other puzzles fall into place as well, Ethereum could have one hell of a comeback year in 2023. However, experts believe that… Source link