Ethereum's reserves have dropped to a six-year low, reflecting a noticeable shift in market dynamics as buying pressure increases across spot exchanges. This shift has become particularly important given the uncertainty in the broader cryptocurrency market.
Cryptocurrency markets are rising on Thursday, fueled by positive developments in the broader market and a 25-basis point rate cut announced by the European Central Bank. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $105,646.53 +1.9% Ethereum (CRYPTO: ETH) $3,271.23 +4.4% Solana (CRYPTO: SOL) $240.29 +2.7% XRP (CRYPTO: XRP) $3.13 +1.3% Dogecoin (CRYPTO: DOGE) $0.3344 +1.2% Shiba Inu (CRYPTO: SHIB) $0.0000188 +1.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 27.9% and daily active addresses up by 1.3%.
Ethereum price remains above $3,000, signaling potential for further gains as market sentiment improves. On-chain data reveals large investors accumulating ETH, indicating confidence in a possible rally.
Solana's market maturity and liquidity could accelerate broader crypto ETF adoption, enhancing market stability and investor confidence. The post Solana's market structure mirrors Bitcoin and Ether, strengthening its bid for US ETF approval appeared first on Crypto Briefing.
Wallets holding $159 million in ETH have informally voted Danny Ryan, an Ethereum researcher, to be the next leader of the Ethereum Foundation.
Ethereum (ETH) has been facing increasing volatility in the market, particularly with a widening gap in price action between Bitcoin (BTC) and ETH. As digital assets and web3 protocols gain mainstream adoption, the historical correlation between Bitcoin's bull runs and the altcoin season is weakening.
Ethereum should be able to reach the low to mid-4000s before we see the next pullback from where the rally to $10000 can start in earnest.
Avalanche (AVAX) and Cardano (ADA) are under bear pressure as market volumes decline. It's a great time to buy into these with DTX Exchange's final token at $0.16.
BlockDAG's TG Tap Miner integrates with OKX, enhancing BDAG rewards for players. Meanwhile, Cardano holds key support levels, and Avalanche eyes a potential breakout.
Cardano (ADA) has recently completed a significant milestone in its journey, the Plomin Hard Fork, which has made the network fully decentralized. This development is crucial because it shifts Cardano into a true decentralized governance model, allowing ADA token holders to vote on key decisions such as network upgrades and treasury spending.
The market momentum for bitcoin ETFs continued after a sluggish start to the week, with Wednesday's inflow hitting $92 million. Bitcoin ETFs Attract $92 Million in Fresh Inflows On Wednesday, Jan. 29, bitcoin exchange-traded funds (ETFs) experienced a net inflow of $92.09 million, according to data from Sosovalue.
Ethereum's price action is showing signs of an impending breakout as it moves back and forth within a falling wedge pattern on the daily candlestick time frame chart. According to an analysis first posted on the TradingView platform, this formation is a strong bullish signal that could push the Ethereum price toward $3,800 if history repeats itself.
Unlike past bull cycles, Ethereum lacks speculative whale activity.
Ethereum (ETH) is showing signs of a potential price correction, with its Market Value to Realized Value (MVRV) ratio dipping below a critical 160-day moving average. This metric, which tracks the relationship between Ethereum's market value and its realized value, is signaling possible bearish trends, leading to concerns about a 40% price drop.
Cardano price is navigating a bull market trend despite ongoing consolidation within a bullish pattern. Notably, ADA has experienced significant movements amidst a modest market upturn, where bulls are attempting a rally.
Unlike its previous program, Kraken's revamped staking service ensures regulatory compliance and enhanced security, backed by third-party insurance.
The SEC fined Kraken $30 million back in 2023 and forced it to shut down a similar staking product for U.S. customers.
With the successful completion of the trial, ABN AMRO and 21X are contributing to Europe's digital asset revolution, with 21X securing its place as one of the first regulated exchanges in the region.
Tokenized Credit Fund offers access to Apollo Diversified Credit Fund, utilizing chains like Solana and Ethereum.
Cardano's Plomin hard fork recently went live, introducing on-chain governance. The most significant change coming to Cardano with Plomin is the implementation of Delegate Representatives (dReps), who will vote on governance matters on behalf of ADA holders.
"We want crypto DeFi to expand access to institutional-quality products," said Apollo Partner Christine Moy.
A new research report analyzing token popularity in crypto casinos reveals that while Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) continue to dominate the market, alternative cryptocurrencies like Litecoin (CRYPTO: LTC) and Dogecoin (CRYPTO: DOGE) are gaining traction. What Happened: The study, conducted by Renomowanekasyno.pl, highlights the various factors influencing players' choices in online crypto gambling.
In an informal Ethereum poll, a majority of ETH wallets collectively holding over 51,198 ETH ($164 million) cast their votes in support of former Ethereum researcher Danny Ryan to become the next leader of the Ethereum Foundation (EF).
Speculations about Ethereum's potential for a major upswing to a new all-time high in the ongoing cycle swells within the community as many wonder why ETH has underperformed compared to other altcoins. Several factors have been considered to have hindered ETH's much-awaited rally including weak whale activity.
Pump.fun surpassed Solana and Ethereum in 30-day trading volume, with Solana generating over $119.33 million in monthly fees, while Ethereum recorded $142.57 million. Data from DefiLlama showed that Pump.fun recorded $295.53 million in trading volume in the past 24 hours.
Discover the utility altcoin (DTX Exchange) that's gaining traction among Dogecoin traders, with potential gains of up to 27,000% as Ethereum's price tanks.
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Through an informal on-chain voting process that commenced on January 21, the Ethereum community voted Danny Ryan as the next leader of the Ethereum Foundation. The vote, initiated by the “votedannyryancom” campaign, comes at a time when EF is facing criticism for its leadership and governance strategies.
Less than 24 hours after the much anticipated Plomin hard fork, Cardano (ADA) has recorded notable price movement on the broader cryptocurrency market. ADA's price registered a 5% surge that saw it trade at $0.97 as investors flocked in.
Cardano remains entrenched in a consolidation phase within a triangle pattern, with critical support at the 100-day MA. The ongoing sideways action suggests that the next phase could be a bullish breakout, contingent on the market maintaining current support levels.
Ethereum sellers have struggled to push the asset below the crucial $3K support for months, while recent price action suggests a bullish rebound. However, ETH remains confined between the 100-day MA at $3.3K and the 200-day MA at $3K.
The crypto market is showing signs of recovery, with XRP rivals gaining traction among investors. Ripple price surged 480% in the past year, highlighting the potential for altcoins priced under $1.
As January ends and February looms on the horizon, the cryptocurrency market is buzzing with anticipation for what many analysts predict could be the start of an altseason in Q1 of 2025, following the Bitcoin halving year's historical trend. This period is often marked by significant price movements in altcoins, with several already showing promising
The crypto market is buzzing with significant whale transactions, hinting at major price movements for Ethereum (ETH). With institutional capital flowing in through ETFs, Ethereum's outlook is becoming increasingly bullish.
BTC added nearly 3% in the past 24 hours after the FOMC meeting, reversing all losses from a Monday bloodbath that saw prices drop as much as 8%.
ABN AMRO, the third-largest bank in the Netherlands, has completed on-chain trading with stablecoins in a pilot with German exchange 21X.
The Plomin Hard Fork marks a major shift for Cardano, placing governance in ADA holders' hands. Will this drive adoption?
Ethereum continues to trade within the $3.1K range. The market saw a liquidation of $70.43 million in Ethereum.
The historical highs are still distant, but there is room for significant growth even in the medium-short term.
Ethereum has been showing strong bullish cues despite recent selling pressure. The cryptocurrency has remained resilient, maintaining its recovery momentum even as investors moved significant amounts of ETH onto exchanges.
The altcoin industry, led by Ethereum, has been bleeding to Bitcoin in the recent past as whale investors fear potential crypto selloff before the onset of the thrilling phase of the macro bull cycle.
Ethereum price has recently formed a falling wedge pattern and is supported by a supportive sentiment and metrics that could help breach $4k
Bitcoin (BTC) bounced following comments from Federal Reserve Chair Jerome Powell at the FOMC meeting, signaling that banks could serve crypto customers if they comply with risk disclosure requirements. As a result, the crypto market registered notable gains, with BTC up nearly 3% as it crossed the $105,000 mark.
An informal onchain vote among Ethereum supporters shows overwhelming backing for Danny Ryan as the next leader of the Ethereum Foundation.
The two tokens' relative performance is more a sign of bitcoin strength than ether's weakness, one observer said.
During the first days of launch, Abstract, the layer-2 of Ethereum launched by Pudgy Penguins, is encountering difficulties in gathering liquidity.
Ethereum trades near $3,000 as analysts identify technical patterns suggesting potential price appreciation