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With Bitcoin and Ethereumboth soaring over 20% this past week, the cumulative value of all digital assets has once again reclaimed the key level of $1 trillion. This is the first time the wider crypto market has been valued this high since the beginning of November when the sudden collapse of FTX sent prices spiraling. Peaking at $1.15 trillion on Sunday night, the total market capitalization is currently valued at $1.01, according to data from CoinGecko. The key driver behind the latest upward… Source link

Ethereum staking activity increased closer to the Shanghai upgrade and subsequent staked-ETH unlock.  Total value staked in ETH2.0 deposit contract hit a new all-time high of 16,042,407 tokens, in an upward swing.  On-chain indicators like whale activity on the Ethereum network corroborate the growing interest among traders and the community.  Ethereum staking, which involves locking ETH tokens in a deposit contract and earning the opportunity of validating… Source link

The biggest Ethereum (ETH) whales in existence are eyeing up Dogecoin (DOGE) rival Shiba Inu (SHIB), according to on-chain data. Keeping track of the 500 biggest whales on the Ethereum network, blockchain tracker service WhaleStats says that SHIB is the third largest holding among the cohort, excluding stablecoins and staked Ether (stETH). “The top 500 ETH whales are hodling $148,197,940 BEST$85,540,230 LOCUS$84,571,717 SHIB$61,997,059 BIT$57,980,317 UNI$56,226,206… Source link

Only one week ago bitcoin was still hovering around the $17,000 mark. Photo: Getty Bitcoin (BTC-USD) broke through the $21,000 mark in early Monday trading, a considerable price movement from a low of $16,000 at the beginning of the year. The world’s largest digital asset by market capitalisation surged almost 25% in a week to $21,069. Only one week ago bitcoin was still hovering around the $17,000 mark. The price hike was echoed by other cryptocurrencies, with ethereum (ETH-USD) up 20% in a… Source link

Only one week ago bitcoin was still hovering around the $17,000 mark. Photo: Getty Bitcoin (BTC-USD) broke through the $21,000 mark in early Monday trading, a considerable price movement from a low of $16,000 at the beginning of the year. The world’s largest digital asset by market capitalisation surged almost 25% in a week to $21,069. Only one week ago bitcoin was still hovering around the $17,000 mark. The price hike was echoed by other cryptocurrencies, with ethereum (ETH-USD) up 20% in a… Source link

Expectations for bitcoin’s (BTC) price over the next six months have turned positive after a long time, in another sign of confidence in the cryptocurrency’s latest bull revival. Bitcoin’s 180-day call-put skew has crossed above zero for the first time since the start of 2021, indicating that bullish call options expiring in six months have become pricier than bearish put options, according to chart sourced from digital assets data provider Amberdata. The skew measures the price for calls… Source link

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Bitcoin (BTC) starts a new week at new 2023 highs but still dividing opinion after a blistering price rally. In what is shaping up to be the antidote to last year’s slow bleed lower, January has delivered the volatility Bitcoin bulls were hoping for — but can they sustain it? This is the key question for market participants going into the third week of the month. Opinion remains divided on Bitcoin’s fundamental strength; some believe outright that the march to two-month highs is a… Source link

Bitcoin and Ether gained in Monday afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies. Solana posted the biggest gain among the top 10, followed by Polygon and Shiba Inu. See related article: Bitcoin miners return from winter storms, difficulty at an all-time high Fast facts Bitcoin traded 1.87% higher to US$21,121 in the past 24 hours to 4 p.m. in Hong Kong, a 22.72% rise over the past calendar week, according to CoinMarketCap data. Bitcoin briefly rose to… Source link

The Shanghai update for 32 ETH holding a value of US$45,000 has created a storm and created competition for LSD Coins have had a great second week of the calendar year, with Bitcoin, and Ethereum all reporting significant gains. Close examination indicates that liquid staking tokens, also known as “liquid staking derivatives (LSD),” are the market’s greatest winners. Over the past few days, the tokens supporting projects like Lido Finance, up to 50.3%, and Rocket Pool, up to 23.3%,… Source link