The latest price moves in bitcoin (BTC) and crypto markets in context for April 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
First Mover Americas: Ether Holds Above $2K
Tag: Ether
Over 1M Ether Withdrawn After Shapella Fails to Dent Risk Appetite
Some addresses, such as “0x08De,” withdrew over 50,000 ether and deposited over 5,000 ether on crypto exchange Hubby’s Ethereum staking tool. The remaining 45,000 ether was deposited on spot wallets, but data did not immediately suggest if 0x08De intended to sell the holdings. Source
Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH
Over 1 million Ether (ETH) worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months. The 1.03 million ETH withdrawals have come from 473,7000 withdrawal requests, with Saturday, April 15 being the largest withdrawal day at 392,800 ETH according to data from beaconcha.in. Of the active validators, nearly 87% or 469,000 of the 540,000 are now able to withdraw their staked Ether. April 15 to 16…
Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical
Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still isn’t sold. Wood explained in an April 15 interview that Bitcoin’s resilience throughout the most recent banking crisis has been “the most remarkable” of all indicators her tech-focused investment management firm is monitoring. Bitcoin and Ether are now acting as “risk-off” assets and as a “flight to safety” for investors…
Ether Price Hits Fresh 11-Month High
Ether was over $2,100, as many investors opt for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. Dexterity Capital managing partner Michael Safai shared his crypto markets analysis. Plus, Blockchain Association director of government relations Ron Hammond weighed in on the state of crypto regulation ahead of SEC chair Gary Gensler’s testimony before lawmakers next week. And TurboTax tax expert Lisa Greene-Lewis shared tips on what crypto investors need to know ahead of Tax Day. Source
Bitcoin Is the ‘Boring, Old Grandpa’ Right Now Compared to Ether: Dexterity Capital Manager Partner
“Bitcoin’s going to be the boring old grandpa right now in the room,” Safai told CoinDesk TV’s “First Mover” on Friday referring to why, during these uncertain economic times, bitcoin’s rally may be due to its simple, more familiar story. Original
Bitcoin BTC Price Holds Steady Near $30.5K, Ether ETH Price Circles Around $2.1K
“Ether and bitcoin have both seen upside follow-through after confirming base breakouts in late March, which are as positive intermediate-term developments on their charts,” Will Tamplin, senior analyst at technical research firm Fairlead Strategies, told CoinDesk in an email. Source
Crypto Exchange Bitrue Drained of $23M in Hack of Ether, Shiba Inu, Other Tokens
Bitrue said the affected wallet contained “less than 5%” of overall reserves. Source
Ether Options Trading Volume Surpasses Bitcoin As Shanghai Upgrade Drives Demand for Bullish Bets
Major exchanges, including industry leader Deribit, have seen ether options contracts worth $1.23 billion exchange hands in the past 24 hours. That is nearly 60% of the global crypto options activity and 50% more than bitcoin’s notional trading volume of $823.7 million, according to Swiss-based data tracking website Laevitas. Original
Ether, Dogecoin Lead Crypto Market Bounce; Lido’s Staked Ether Breaks Into Top Ten
Ether added over 10% in the past 24 hours, trading at 11-month highs above $2,120 during the Asian trading hours. Thursday’s Shapella upgrade ushered in a major development for the Ethereum network, allowing users to stake and unstake tokens from the network at will – improving the network’s overall outlook. Source BounceBreaksCryptoDogecoinEtherLeadLidosMarketStakedTenTop CryptoX Portal