Tag: ETH

Binance to remove ETH, XRP, ADA liquidity pools to reduce slippage

Crypto exchange Binance is set to delist multiple liquidity pools with large-cap altcoins from its swap service. In a blog announcement on Dec. 15, 2023, Binance said it is going to remove multiple liquidity pools from its swap service, Binance Liquid Swap. The move is described as a periodical review, which Binance conducts in order to “concentrate liquidity, reduce slippage and provide users with better transaction prices.” Starting from Dec. 22, 2023, Binance will remove the following liquidity pairs: AAVE/BTC, ADA/ETH, ADA/USDT, ARB/BTC, BCH/BTC, DOT/BTC, DOT/USDT, ETH/DAI, FIL/BTC, LINK/ETH, LINK/USDT,…

Ethereum Supply Turns Deflationary Post-Merge, Here’s How Much ETH Has Left Circulation

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Ethereum has seen its deflationary status once again in the limelight as the network continues to see a significant decline in the number of ETH tokens in circulation. This comes on the back of the belief that the bull run and some other factors could help uphold this trend.  More ETH Goes Out Of Circulation According to data from Ultrasound Money, Ethereum has seen a decrease in its circulating supply in the last seven days, with over 14,160 ETH going out of circulation. This is a result of over 30,700…

BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, DOT, MATIC

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Bitcoin (BTC) has failed to rebound sharply following the fall on Dec. 11, suggesting selling pressure on relief rallies. Glassnode data shows that short-term holders (STHs), entities holding Bitcoin for 155 days or less, sent $1.93 billion worth of Bitcoin to exchanges on Dec. 11 and $2.08 billion on Dec. 12. The last time single-day selling crossed the $2 billion mark was way back in June 2022. This shows that speculators are in a hurry to dump their holdings. However, lower levels are attracting buyers. Trading resource Material Indicators suggested…

SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX

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Bitcoin (BTC) closed last week with gains of 9.55%, but started the new week on a weak note, falling near $40,500. The sharp correction in Bitcoin also caused liquidations in several altcoins. According to CoinGlass data, cross-crypto long liquidations for Dec. 11 were more than $300 million. The sharp fall does not change the trend in Bitcoin and altcoins, as corrections are a part and parcel of any uptrend. Generally, vertical rallies are followed by sharp pullbacks, which shake out the weaker hands and allow long-term investors to buy more…

ETH Remains Steady At Over $2,300

Recent patterns indicate that the impetus fueling Ethereum’s climb is far from diminishing, and the price trajectory of the cryptocurrency has shown resilience. Ethereum may not be as advanced as some of its L1 competitors, but it stands out from the crowd thanks to its large developer community, immense acceptance, and crucial role in DeFi and other blockchain-based applications. Ethereum Remains Firm At $2,347 At the time of writing, ETH was able to keep a strong footing at the $2,300 level, trading at $2,347, nearly unchanged in the last 24…

BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, MATIC

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This week Bitcoin (BTC) price saw a shallow pullback, but the intra-day rally to the $44,000 level is an indication that the bulls are not hurrying to close their positions. Data from the popular HODL Waves metric shows that investors who purchased Bitcoin between December 2020 and December 2021 have been sitting on their coins. Investors have not been selling into strength because they anticipate higher levels in the future. Asset manager VanEck said in its crypto predictions for 2024 that Bitcoin would make a new all-time high, buoyed by…