Tag: Ether

Ether Trades Relatively Flat Ahead of Ethereum Merge

Despite what often feels like a whirlwind of price movement, ETH’s volatility has narrowed leading into the Merge. Investors should note, however, that historically, diminishing volatility has not always trended in a straight line. ATR spikes in February, May and June were noticeable and could certainly be repeated. Source

Merge-Focused Hedging Makes Ether Shorts Most Expensive in 16 Months

While the probability of the Merge failing is relatively low, ether’s price could drop after the upgrade for two reasons. Firstly, ether has gained nearly 55% in the two months leading up to the Merge in a classic “buy-the-rumor” type move. So some profit taking may be seen after the Merge. Further, ether may not immediately become a deflationary currency with depreciating supply after the Merge, disappointing those positioned for the supposedly-bullish effect to kick in right away. Source

US Inflation Data Roils Markets, Bitcoin and Ether Fall

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● Bitcoin (BTC): $20,272 −9.5% ● Ether (ETH): $1,615 −6.4% ● CoinDesk Market Index (CMI): $1,019 −7.1% ● S&P 500 daily close: 3,932.69 −4.3% ● Gold: $1,712 per troy ounce −0.9% ● Ten-year Treasury yield daily close: 3.42% +0.06 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original

Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence

Some $49 million worth of stETH has flowed into the vault since the ceiling was raised, data from tracking service Daistats shows. Staked ether is a token supplied to users who lock up ether on Lido, a staking service, and receive the stETH tokens in return. More than 245,377 stETH is locked on Maker, the data shows. Maker has a total value locked of $8.4 billion. Source