Tag: ETH

Hundreds of Fake ChatGPT Tokens Issued on BNB Chain and ETH as AI Popularity Surges

Illicit market participants are cashing in on the soaring popularity of ChatGPT by issuing fake tokens on several blockchains.ย  According to reports, no-gooders areย taking advantageย of the ongoing ChatGPT rave by issuing fake tokens. These malicious market participants have issued fake tokens branded after ChatGPT in the past few weeks. 132 of these bogus tokens saw issuance on the BNB Chain in that time, the most on one blockchain. Meanwhile, Ethereum (ETH) saw the fake distribution of 25 tokens, withย Solana, Arbitrum, OKChain, and Cronos blockchains handling smaller token issuances. Although none…

Price analysis 2/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

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Bitcoinโ€™s tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high. Bitcoin (BTC) rose more than 11% last week and is trading near the pivotal resistance at $25,000. Monitoring resource Material Indicators highlighted in its latest update that large volume traders were โ€œthinningโ€ overhead resistance, which could spark a rally. As the prices rise, retail traders may get sucked in and the whales could use this opportunity to sell their positions that were accumulated at lower levels.…

Ethereum’s deflation accelerates as Shanghai upgrade looms โ€”ย Can ETH price avoid a 30% drop?

The price of Ethereumโ€™s native token, Ether (ETH), has surged by more than 40% year-to-date toย around $1,750, the highest level in seven months. However, ETH price is not out of the woods yet despite several bullish cues such as the Shanghai upgrade in the pipeline.ย  Ethereum price bull trap? Etherโ€™s rise has appeared primarily in the wake of similar upside moves elsewhere in the crypto market, responding to lowering inflation that reduces the Federal Reserveโ€™s likelihood of raising interest rates aggressively. At the same time, warnings about an imminent bull…

Ethereumโ€™s deflation accelerates as Shanghai upgrade looms โ€”ย Can ETH price avoid a 30% drop?

boss

The price of Ethereumโ€™s native token, Ether (ETH), has surged by more than 40% year-to-date toย around $1,750, the highest level in seven months. However, ETHโ€™s price is not out of the woods yet despite several bullish cues in the pipeline, such as the Shanghai upgrade. Ethereum price bull trap? Etherโ€™s rise aligns with similar upside moves elsewhere in the crypto market, responding to lowering inflation that reduces the Federal Reserveโ€™s likelihood of continuing to raise interest rates. At the same time, warnings about an imminent bull trap in the markets…

ETH Back Above $1,700, as Markets Rebound on Saturday โ€“ Market Updates Bitcoin News

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Ethereum was once again trading above $1,700 to start the weekend, as cryptocurrencies rebounded from Fridayโ€™s decline. The global crypto market cap rallied in todayโ€™s session, as bulls moved to buy yesterdayโ€™s dip. Bitcoin was also back in the green, with prices nearing the $25,000 mark. Bitcoin Bitcoin (BTC) moved toward the $25,000 mark on Saturday, as crypto markets rebounded from yesterdayโ€™s declines. Following a low of $23,712.05 on Friday, BTC/USD raced to an intraday high of $24,924.04 earlier in the day. As a result of this move, bitcoin once…

Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade

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The upcoming Ethereumย Shanghai hard fork is slated to occur in March 2023, and the upgrade will cap off the networkโ€™s move to proof-of-stake (PoS), which started during the Mergeย on Sept. 15, 2022. Once Shanghai is implemented, previously locked Ether (ETH) willย gradually become liquid for the first time since December 2020.ย  According to on-chain Etherscan data, over 16.6 million ETH is currently locked in the PoS staking protocol, which was valued at $28 billion on Feb. 16, 2023. Ethereumโ€™s move from proof-of-work (PoW) to PoS has started to achieve the original…

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BTC Nears $25,000, Whilst ETH Hits $1,700 โ€“ Market Updates Bitcoin News

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Bitcoin moved significantly higher on Feb. 16, as the worldโ€™s largest cryptocurrency hit its strongest point since last August. Prices neared the $25,000 mark earlier in the day, following a breakout of a key resistance level. Several factors have contributed to the rally including strong U.S. retail sales, and an easing of regulatory concerns. Bitcoin Bitcoin (BTC) raced to a multi-month high on Thursday, as prices moved closer to the long-coveted $25,000 mark. Following a low of $22,664.48 on Wednesday, BTC/USD rose to an intraday high of $24,769.24 earlier today.…

Price analysis 2/15: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

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Bitcoin and select altcoins have rebounded sharply off their support levels, a possible sign that traders are buying the recent dip in the market. Bitcoin (BTC) is leading the cryptocurrency markets on the path to recovery. Although the United States Consumer Price Index (CPI) print for January was marginally higher than expectations, it did not dent the enthusiasm of bullish crypto trader. A positive response to seemingly negative data is a sign that the sentiment is bullish and traders are looking for buying opportunities. However, some analysts are cautious due…