Ethereum

It looked like Ethereum (CRYPTO: ETH) was going to crash into a wall of sellers… and it sure did. It’s undergoing a significant correction, but there’s a chance the sell-off may be over, at least for now. The $3,350 level was important resistance in August. Now it may become a support level and this could put a floor under the price. See Also: Kim Kardashian Gets Called Out By Regulator For Promoting Ethereum Knock-Off To Instagram Followers This is because many of the investors who sold at… Source link

Ethereum Falls 10% In Rout Investing.com – was trading at $3,534.87 by 10:50 (14:50 GMT) on the Investing.com Index on Tuesday, down 10.28% on the day. It was the largest one-day percentage loss since June 21. The move downwards pushed Ethereum’s market cap down to $429.82B, or 19.27% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $479.29B. Ethereum had traded in a range of $3,514.60 to $3,945.79 in the previous twenty-four hours. Over the past seven… Source link

Central America’s bitcoin adoption is on the rise, with Panama the latest country to flock toward cryptocurrencies. The development has unfolded on the very same day that El Salvador officially accepts bitcoin as legal tender. Now the Republic of Panama is moving in the same direction but is putting its own personal touch on the roll-out by also embracing Ethereum and other cryptocurrencies as well. Panama has unveiled a cryptocurrency law in draft form, as announced by Congressman Gabriel… Source link

Toronto, Ontario–(Newsfile Corp. – September 7, 2021) – Bluesky Digital Assets Corp., (CSE: BTC) (CSE: BTC.PR.A) (OTCQB: BTCWF) (“Bluesky” or the “Corporation”) announced today that the Corporation had mined an implied and combined unaudited total of $407,175 CDN worth of cryptocurrencies for the month of August which was achieved via the mining of 3.43 Bitcoin (“BTC”) and via the mining of 51.57 of Ethereum (“ETH”). For further clarification, implied valuations are based on the booking… Source link

Chainlink emerged as one of the best cryptocurrency performers on Sept. 6 as the price of its LINK token jumped 8.25% against the U.S. dollar. The LINK/USD exchange rate reached $36.35 for the first time since May 20, months after bottoming out near $13.45 — thus recovering by more than 170% altogether. At the same time, its recent bout of buying saw prices bringing in about 36% month-to-date returns. Ecosystem growth Optimism Ethereum announced on Sept. 1 that it had integrated… Source link

The ethereum network runs the ether cryptocurrency, the second-biggest after bitcoin. Dado Ruvic/Reuters Ethereum recorded negative daily net issuance for the first time on Friday, The Block data shows. Analysts said a boom in NFTs was pushing up use of the network – leading to more tokens being burned. A network overhaul in August led to some of each transaction fee being “burned”, or destroyed. See more stories on Insider’s business page. More ether was burned than created on… Source link

advertisement The aggregated open interest of Ethereum futures reached an all-time high today, just four months after the overall crypto market’s fallback. According to data from Bybt, Ethereum’s futures open interest hit $11.68 billion for the first time, as of 10:00 UTC time. This shows a sharp resurgance after a big drop. These levels were last seen in mid-May, when the crypto markets were at their highest. When prices dropped, open interest fell too, reaching as low as $4.43 billion… Source link

Ethereum price continues to consolidate as it prepares to breach $4,000 and climb higher. ETH layer two and adoption continue to progress in the right direction after the recent London hard fork. A retest of the all-time high at $4,372 is plausible if ETH bulls remain optimistic. Ethereum price is coiling up after tagging a crucial psychological level. Investors can expect ETH to shoot higher as the overall outlook of the cryptocurrency market remains optimistic…. Source link

advertisement The daily issuance of the world’s second largest cryptocurrency has gone negative for the first time since the Ethereum network’s EIP-1559 upgrade. The Block’s Data Dashboard shows that the daily net emission of ether (ETH) on September 3 was -333, which became negative about 30 days after the EIP-1559 upgrade was activated on August 5. The upgrade changes Ethereum’s monetary policy by burning part of the transaction fees in every new block that previously belonged to… Source link

Ethereum (CRYPTO:ETH)– the world’s second-largest cryptocurrency, and the most popular smart contract and decentralized application network — just changed the way it pays the people who maintain its network, in ways that could make it an even more appealing investment. When the next major evolution in its upgrade roadmap occurs, this change could reduce its supply and increase its value. That might be great news for investors seeking to hedge against… Source link