Tag: ETH

Can Ethereum Prevent More Losses As Altcoin King ETH Slips 7% In Last 7 Days?

Further pain was inflicted on the markets as major cryptocurrencies Bitcoin and Ethereum slipped on macroeconomic pressures and other factors. As of time of writing, the top altcoin Ether has lost nearly 7% in the weekly timeframe. This is reflected in the other altcoins as most, if not all, move alongside ETH. However, if the crypto slides further downwards, will it deal a heavy blow on the broader market as well? The FTX Shockwave Still Felt Since the collapse of crypto exchange FTX, Ethereum has been in the red, but…

BTC, ETH Consolidate as Markets Prepare for Christmas Break – Market Updates Bitcoin News

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Bitcoin continued to consolidate to start the week, as market volatility remained in place ahead of the Christmas holidays. The world’s largest cryptocurrency remained below $17,000 on Monday, as price attempted to break out of a key resistance level. Ethereum was below $1,200 on Monday. Bitcoin Bitcoin (BTC) started the week below $17,000, as prices continued to consolidate following a volatile weekend. Following a low of $16,671.80 on Sunday, BTC/USD rose to a peak of $16,815.39 earlier in today’s session. Monday’s move saw the world’s largest cryptocurrency rise above a…

Ethereum bulls wake up after four years to transfer 22,982 ETH

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At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (BTC) and Ethereum (ETH) to evade impermanent losses. As a result, the significant movement of such assets intrigues the community as they try and decipher the intent behind the move. Two addresses that have remained dormant for over four years recently came back to life to transfer 22,982 ETH to new addresses — leaving investors scratching their heads. The ETH tokens in question originated from trading platforms Genesis and Poloniex and were found transferring 13,103.99…

Software Firm Consensys Partners With Paypal, Metamask Users Can Use Payment Processor to Buy ETH – Bitcoin News

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On Dec. 14, the Ethereum software firm Consensys announced that the company has teamed up with the payment processing giant Paypal. The integration allows Metamask wallet users to purchase ethereum via Paypal from within the Web3 wallet application. Consensys Teams up With Payments Giant Paypal According to Consensys, Metamask users can now purchase ethereum (ETH) using the payment provider Paypal. The financial technology company Paypal started offering cryptocurrency services in 2021 and the company’s CEO detailed that demand for crypto outstripped initial expectations. The Ethereum software firm Consensys explained Wednesday…

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ETH Drops Below $1,200 to Start the Weekend – Market Updates Bitcoin News

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Ethereum fell below $1,200 to start the weekend, as prices continued to trade close to a multi-week low. This decline comes as market sentiment remained bearish following a big week of economic data. Bitcoin also extended recent declines, as traders remained nervous following news that financial auditor Mazars paused all work for crypto clients. Bitcoin Bitcoin (BTC) extended recent declines on Saturday, as markets continued to be nervous following recent uncertainty surrounding Binance’s proof-of-reserves audit. The auditor in charge of the diligence, Mazars, opted to pause all of its work…

Top Bitcoin Investment Firm calls for more bearish price action!

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Why is Ethereum (ETH) price down today?

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Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network fees and daily active users. Source: TokenTerminal The total value locked in Ethereum-based smart contracts also decreased by decentralized finance by 4.49% in 24-hours. Following the FTX exchange scandal, regulators are attempting to fast-track new…

BTC Below $17,000, as ETH Nears $1,200 Breakout – Market Updates Bitcoin News

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Bitcoin fell below $17,000 on Dec. 16, as bearish pressure continued to intensify following yesterday’s disappointing U.S. retail sales figures. Sales in the United States were down by 0.6%, which news came less than 24 hours after the Federal Reserve moved to hike interest rates. Ethereum moved closer to the $1,200 level in today’s session. Bitcoin Bitcoin (BTC) fell below $17,000 in today’s session, as markets continued to react to last month’s retail sales data. As retail sales in the United States disappointed, BTC/USD slipped to an intraday low of…

Ethereum Active Addresses At Highest Since May 2021, Good News For ETH?

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On-chain data shows the Ethereum daily active addresses metric is now at the highest level since May 2021, a sign that could be positive for the latest rally above $1,300. 637,000 Unique Ethereum Addresses Have Been Showing Daily Activity Recently According to data from on-chain analytics firm Santiment, ETH is currently observing its highest point of activity in 17 months. The “daily active addresses” is an indicator that measures the total number of Ethereum addresses that were involved as a sender or as a receiver on any given day. When the…