Tag: ETH

Top cryptocurrencies to watch this week: BTC, ETH, WLD

Top cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) propelled market cap growth by $270 billion within the last week. An 11.3% increase saw the sector’s market cap appreciate to $2.64 trillion. This commendable growth was also driven by a significant contribution from Worldcoin (WLD). BTC, ETH and WLD prices -March 10 | Source: Santiment BTC records new ATH The crypto market uptrend spilled into this week, allowing several assets to clinch new heights. Being the leading cryptocurrency, Bitcoin was not left out in this trend, as the token saw massive…

Ethereum Price (ETH) On The Path To Rally Past $4K

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Ethereum price extended its increase toward $3,950. ETH is now consolidating gains and might aim for a move above the $4,000 resistance. Ethereum traded to a new multi-month high above $3,940. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There was a break above a short-term bullish flag pattern with resistance at $3,830 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,940 resistance zone. Ethereum Price Remains In Strong Uptrend Ethereum price extended its…

Total ETH Burned Crosses 1.5 Million Ahead Of Ethereum Dencun Upgrade

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The Ethereum Dencun upgrade is fast approaching and there have already been notable developments leading up to it. Besides the price of ETH rising to new two-year highs, there has been a significant increase in the amount of ETH that has been burned so far. Over 50,000 ETH Burned The Ethereum burn, which was brought with the EIP-1559 upgrade, has been ramping up over the past year. The ETH burned from fees on the blockchain quickly crossed the $100 million mark, and has now climbed to a new milestone. According…

Figment, Apex to Introduce Switzerland-Listed Staking ETPs for ETH, SOL

“The popularity and interest in ETH and SOL has increased substantially over the past few months,” Josh Deems, head of institutional business development for Figment, said in the statement. “However, it is still challenging for institutions to buy crypto and stake directly. The ETPs will contribute to an increased accessibility to staking rewards for a wide audience, and we at Figment are proud that Apex and Issuance.Swiss chose Figment to be part of this development.” Source

Vitalik Buterin’s ENS Address Trades $100K Worth of ETH for Stablecoins Amid Market Uptick

According to blockchain analytics, the Ethereum Name Service (ENS) domain “vitalik.eth” has engaged in a transaction of $100,000 worth of ether, converting it into an equal amount of stablecoins on the Base blockchain. The address, purportedly belonging to Ethereum’s co-founder Vitalik Buterin, currently possesses 955.58 ether, estimated at $3.64 million. ‘Vitalik.eth’ Wallet Makes Strategic $100K […] Source CryptoX Portal

Can ETH Target $4,500 Next?

Ethereum’s price continues to advance towards $4,000 despite market-wide liquidations and the U.S. SEC postponing a decision on Blackrock and Fidelity ETH ETF filings.  Ethereum traders have doubled bullish positions despite a major setback to institutional participation on the pioneer smart contract network and intense market volatility recorded on Mar. 6.  Market analysis explores how this show of conviction among speculative traders could impact the ongoing ETH price rally in the near-term.  Ethereum price reclaims $3,900 despite bearish headwinds Ethereum’s price rose 9%, soaring from $3,500 to a peak of…

Ethereum (ETH) Hits $3,900 For The First Time In Two Years

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After Bitcoin (BTC) recorded a new all-time high (ATH), Ethereum (ETH) rallied above $3,800 before the price crashed over 10%. The second-largest cryptocurrency has recovered from the dip and reached $3,900 momentarily for the first time in over two years. Ethereum Recovers And Rallies to $3,900 On Thursday, Bitcoin reached a crucial milestone after breaking above $69,000 and recording a new all-time high (ATH). Before the euphoria was over, the flagship cryptocurrency’s price started to drop, trading as low as $60,000. Since then, BTC’s price has recovered to hover between…

Ethereum is set to outperform Bitcoin as the spot ETH ETF narrative comes into play, analysts say

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Analysts at QCP Capital note that despite Bitcoin’s quick drop to $59,000, funding is back to sensible levels and the more likely scenario is the outperformance of the ETH/BTC pair. In a volatile overnight session, Bitcoin (BTC) quickly set a new all-time high of $69,400 only to undergo a rapid decline, plummeting to $59,200 within a matter of a few hours. This steep downturn resulted in the liquidation of over $1 billion worth of leveraged long positions on Binance alone. However, as noted by analysts at QCP Capital, the market…