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The Ethereum whale investors have maintained an influence on ETH price. This is because they use their holdings to create their desired trend in the ETH market. But their impact is raising more brows as per the data from CryptoQuant. In the crypto space, the whales are persons or entities with higher investment holding of a particular asset. Holding a significant amount of cryptocurrency makes it easy for whales to manipulate and influence the crypto price. Over… Source link

Ethereum’s [ETH] network revenue fell by a massive 86% in the third quarter of 2022, according to the report released by Bankless (an informative site focused on crypto). Reportedly, Ethereum recorded $1.96 billion in net revenue in the second quarter (Q2). Unfortunately, the third quarter was a paltry $274.12 million. Source: Token Terminal Since this was the case, the Merge, which took place on 15 September, was not vital to revive the ETH network. As per the status of… Source link

Ethereum has been following the general trend in the crypto market, giving back its profit obtained over the past week. The cryptocurrency was moving in tandem with Bitcoin and large cryptocurrencies, but now ETH’s price is reacting to new economic data published in the United States. At the time of writing, Ethereum trades at $1,300 with a 2% loss and sideways movement in the last week. Other cryptocurrencies in the top 10 by market capitalization record… Source link

“The labor market demand is still outpacing supply,” Cleveland Fed Chair Loretta Mester said in an interview with CNBC last week. “We’ve got to moderate both the labor market and product markets if we’re going to get inflation back down. At some point, once we get real rates up and we see more of that moderation in demand, […] then there’s some tradeoffs and then you need to be concerned, have you gone too far or is this a good place to stop? We’re not at that point yet.” Source link

Bitcoin was trading below $20,000 on Friday, as markets prepared for the release of the latest U.S. nonfarm payrolls report. The token moved lower for the third consecutive session, as bearish sentiment returned to markets. Ethereum continued to consolidate ahead of this afternoon’s release. Bitcoin Bitcoin (BTC) was back below $20,000 on Friday, as traders continued to anticipate this afternoon’s nonfarm payrolls (NFP) report. September’s payrolls are expected to come in at… Source link

Ethereum (ETH -2.50%), the second most valuable cryptocurrency by market cap, now trades at a price of about $1,360. Getting to the $5,000 level would imply a gain of more than 375%. That might sound overly optimistic, especially given the current market environment for cryptocurrency, but it’s certainly not out of the realm of possibility. After all, less than 12 months ago, Ethereum touched an all-time-high of $4,892. For Ethereum to retrace the path back to $5,000, a few key things will… Source link

Arman Shirinyan Change in U.S. monetary supply makes Bitcoin’s real value far below $20,000 Contents How does it affect real value of Bitcoin? Adjusting Bitcoin’s price to M1 supply USD is the main currency used to determine the value of Bitcoin and most of the digital assets in the industry. However, the supply of the world’s leading currency changed drastically in the last two years, which M1 Monetary data suggests. How does it affect real value of Bitcoin? The monetary supply of the… Source link

For the better part of 2022, the cryptocurrency market has been rocked by the ominous bearish wave, the crypto collapse. Many coins are doing very poorly, dropping as much as 90% less than their initial valuations before the collapse. We have selected a few coins–Avalanche, Litecoin, and Big Eyes Coin– that you could find very profitable in times like this. Stay tuned to learn their most endearing features. The Big Name In Speed And Efficiency – Avalanche Avalanche boasts the… Source link

SPONSORED POST* Ethereum is the second biggest crypto after Bitcoin. An open-source blockchain, it dates back to 2013 and has rapidly increased in popularity in recent years, with plenty of people purchasing it as their first investment into crypto, and other seasoned Bitcoin purchasers using it.  As it is the second largest cryptocurrency, it’s no surprise that it used to use the second largest amount of power out of all the cryptocurrencies. In fact, it used 23 million… Source link

Cake DeFi, a Singapore-based DeFi platform, is launching its Ethereum (ETH) staking service for retail and institutional customers. This move, which Cake DeFi says it provides another crypto on-ramp for those looking to enter the crypto space, comes shortly after the Ethereum network’s long-promised shift from an energy-intensive proof-of-work consensus mechanism to proof of stake. The ETH staking — a practice of earning rewards for serving as a transaction validator in the Ethereum… Source link