Ethereum price drops to $2,420, losing 4% in a week and falling below $300B market cap. Technical analysis shows bearish signals on 4-hour chart, with potential drop to $2,150.
Ethereum bulls might struggle for momentum at press time, but other onchain data points to interesting developments. While ETH is trading above $2,400 but capped by determined sellers, IntoTheBlock data shows that nearly 30% of all circulating ETH has been staked.
Ethereum Foundation has executed a new series of transactions, sending 2,500 ETH to the Bitstamp exchange, valued at approximately $6.06 million. This move occurred through two separate transactions, each involving 1,250 ETH.
The token, SCR, will be distributed through an Oct. 22 airdrop and listed on Binance, Scroll said.
In a surprising move, investment funds based on other altcoins failed to follow in the footsteps of crypto giants, with Solana, XRP, Cardano, and Litecoin witnessing inflows during the week. The latest weekly report on digital asset investment funds by CoinShares depicts a trend of weaker investment sentiment among institutional investors.
Ethereum staking continues to grow this year despite the emergence of spot exchange-traded funds (ETFs) and the digital asset's price relative price weakness. On Oct. 8, blockchain analytics firm IntoTheBlock reported that Ethereum staking rose by 5.1% this year, with 28.89% of the total ETH supply now staked, up from 23.8% in January.
Lookonchain identified a substantial transfer of 1,250 $ETH worth $3.03M from a wallet suspected to be linked to the Ethereum Foundation to the Bitstamp exchange. According to Etherscan.io, the wallet moved ~3,420 $ETH (~8.
Binance, the largest digital asset exchange in the world, is about to list its first pre-market altcoin for trading.
Cryptocurrency markets are trading lower as China's stimulus measures came in lower than expected. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,017.71 -1.7% Ethereum (CRYPTO: ETH) $2,429.76 -0.09% Solana (CRYPTO: SOL) $142.62 -2.4% Dogecoin (CRYPTO: DOGE) $0.1066 -3% Shiba Inu (CRYPTO: SHIB) $0.00001712 -3.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 81.4% and daily active addresses growing by 15.2%.
The layer two platform Linea has teamed up with Chainlink's Cross-Chain Interoperability Protocol (CCIP) to offer developers a more secure and seamless environment for creating decentralized applications. This collaboration seeks to overcome common issues like cross-chain security and scalability.
Standard Chartered's latest research reveals that Solana (SOL) could see substantial valuation growth if former President Donald Trump wins the election against Vice President Kamala Harris. According to the report, a Trump administration would be more favorable for Solana's rise compared to Ethereum (ETH).
A drop in Ethereum network activity and investors' concerns about the global economy continue to weigh on ETH price.
Standard Chartered's Global Head of Digital Assets Research Geoff Kendrick predicts a potential increase in the value of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), irrespective of who wins the U.S. election. What Happened: Kendrick's projections include a potential quadrupling of Ether and a tripling of Bitcoin's value under a Trump administration.
The bank's analysts remained bullish on bitcoin and crypto in general no matter who wins the presidency in November.
As the crypto market remains volatile, the meme coin segment has lost the $50 billion market cap. With a 30-day peak at $53.25 billion, the meme coins have dropped down to $48.47 billion, with $7.38 billion in volume.
According to a recent analysis from Standard Chartered, Solana (SOL) is projected to significantly outperform Ethereum (ETH) and Bitcoin (BTC) by 2025—if Donald Trump wins the U.S. presidential election. Geoffrey Kendrick, Global Head of Digital Assets Research at the bank, predicts a fivefold increase in Solana's price under a Trump presidency.
Almost a third of all Ethereum is now staked, which signals that traders have strong long-term confidence in the network.
What's next for ETH price amid intense selling from ICO-era whale?
Ethereum (ETH) price has recently experienced a 13% decline, with prices dipping towards the end of September. Despite this drop, Ethereum is currently holding strong above its bear market support floor, suggesting that the cryptocurrency may be poised for a recovery.
A continuous challenge: Ethereum ETF vs Bitcoin ETF. In this article, we will compare the inflows and recent performances.
Scroll's airdrop screenshot, or the last eligible date to use the protocol to receive a share of SCR tokens, will occur on Oct. 19.
Concerns regarding Ethereum's decentralization have been raised since 2022 due to Lido Finance's increasing market share in Ethereum staking. Lido is a staking protocol that collects substantial amounts of Ethereum from users.
A top crypto analyst took to X recently to give a bearish forecast for Ripple (XRP), saying the community will not see a bull run. Also, whales have moved approximately $250 million worth of Ethereum (ETH) to centralized exchanges.
Data from Lookonchain, a renowned analytics account on X, the Ethereum Foundation made a massive transfer that shocked the community. The Ethereum Foundation is a primary organization that supports the development of Ethereum.
Perplexity is an artificial intelligence (AI) model gaining the spotlight by its real-time web scanning to access up-to-date data. The AI recently appeared in a list of notable and feared competitors by OpenAI, ChatGPT's developer, as Finbold reported.
According to the latest figures from sosovalue.xyz, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded. U.S. Bitcoin ETFs Secure Inflows While Ether Funds Stay Flat On Monday, bitcoin ETFs saw inflows of $235.
The divergence in the performance between Bitcoin and Ethereum ETFs underscores the unique market conditions each faces.
Ethereum's next big move might be dependent on external factors.
TL;DR Eric Balchunas, Bloomberg's top ETF analyst, faced backlash for suggesting the U.S. government could shut down Ethereum by instructing AWS to turn off its cloud services, implying Ethereum is less secure than Bitcoin. The crypto community, including Ethereum educator Anthony Sassano and Consensys product manager Jimmy Ragosa, criticized Balchunas for spreading misinformation and propaganda.
Spot Ethereum ETFs in the US have struggled since their July 2024 launch, recording zero inflows on October 7 and experiencing $550 million in outflows since launch.
Crypto exchange Binance has revealed the next Binance Launchpool project earlier today. In an official announcement, the platform revealed that it will list Scroll (SCR) on Binance Launchpool and premarket.
With massive whale sales, Ethereum is approaching crucial support at $2,300. Will it bounce back to $6,000 or collapse to $1,600?
Ethereum has been on a steady upward trend, with growing inflows and strengthening price levels increasing investor confidence. Wallets everywhere are seeing a rush of ETH deposits, and among them, Plus Wallet stands out as a secure wallet packed with top-tier features and valuable rewards.
Onchain data provider IntoTheBlock shared that 28.9% of all Ether had now been staked.
Onchain data provider IntoTheBlock shared that 28.9% of all Ether had now been staked.
Eric Balchunas, a senior ETF analyst at Bloomberg, found himself at the center of a heated backlash from the Ethereum community after posting what they labeled as “misinformation.” Yesterday, Balchunas shared a passage from the book “Bitcoin: Beginner's Guide” by Benjamin Hart on X (formerly Twitter).
Bison, a retail broker of the Boerse Stuttgart Group, has launched its insured staking offer to provide customers with step-by-step access to simple and secure staking with Ether (ETH).
Bison has partnered with Munich Re and Staking Facilities to offer insured Ether staking, covering risks like slashing and fraud.
A rogue Ethereum fee of $700K was sent to a staking service and block builder StakeFish. The transaction may be the work of a hacker, and has been chased down by white hat hackers.
Bitcoin (BTC) found support at around $62,000, helping it stabilize and prevent a further decline. The world's largest cryptocurrency has shed almost 2% over the past 24 hours after facing considerable volatility over the previous week, which saw highs of over $65,000 and a low of $59,800.
Bitcoin ETFs enjoyed their highest net inflows since Sept. 27, with FBTC and IBIT leading the way.
BlackRock, a major investment firm, now views Bitcoin as a "gold alternative" for wealth protection and Ethereum as a "technology bet," signaling growing mainstream acceptance of cryptocurrencies in the financial world.
Balchunas made a subtle comparison of the top two cryptocurrencies, saying that Ether “just isn't the same or as secure” as Bitcoin (BTC).
Binance claims to be the first platform to list the SCR token, though the pre-market end time and spot listing time are yet to be announced.
The US spot Ethereum ETF registered zero cash inflow on Monday compared to more than $235 million recorded by the spot Bitcoin ETFs on the same day.
ETH pledge rate has surged from 23.8% in January, showcasing increased investor confidence.
Users are generally concerned about conducting Ethereum (ETH) blockchain transactions. The reason is the high gas fee, which on some occasions might be quite unpredictable.