ETH

Bitcoin (BTC) briefly reclaimed the $60,000 price level over the weekend but quickly dropped below $59,000. The cryptocurrency is currently trading around the $58,500 price level, having fallen almost 1.50% over the past 24 hours.  BTC has remained relatively steady as it prepares to enter a crucial week after a series of key data releases. July’s Consumer Price Index (CPI) numbers for the US and UK were released last week, followed by earnings reports from retail giants Walmart and Alibaba.…

The post Buterin Transfers Another 400 ETH Worth $1.05M Into Railgun appeared first on Coinpedia Fintech News As per a recent tweet from spotonchain, Vitalik Buterin has transferred another 400 Ethereum worth $1.05 Million into the mixer Railgun. Vitalik transferred 1 $ETH to 0x18…F10E yesterday, and then deposited 0.998 $ETH into the mixer Railgun. He had previously stated that Railgun uses the privacy pools protocol which makes it much harder for bad actors to join the pool without compromising users’…

The post 2 Cryptos To Perform The Best in August 2024: Ethereum (ETH) and MoonTaurus (MNTR) appeared first on Coinpedia Fintech News As the cryptocurrency market heads into August 2024, investors are paying close attention to digital assets that are likely to perform exceptionally well. Ethereum (ETH), a leading force in the crypto world, continues to be a top choice due to its robust network and continuous advancements, which drive its widespread use in decentralized applications and finance. Meanwhile, MoonTaurus…

According to the latest on-chain data, a crypto company has redeemed and transferred a significant amount of Ether tokens from the staking platform Lido to the cryptocurrency exchange Binance. Could this hold a bearish consequence for the Ethereum price? Is ETH Price Preparing For Further Correction? According to data from Arkham Intelligence, digital asset management firm Metalpha redeemed 10,000 ETH (worth about $26 million) from the liquid staking platform Lido on Saturday, August 17. Following the withdrawal to the Metalpha-labeled…

The post Sell-off Alert! Ethereum Whale Dumps $26 Million in ETH, Eyes on $2,200 appeared first on Coinpedia Fintech News Ethereum, the world’s second-biggest cryptocurrency has been consolidating in a tight range following the breaking of a bearish rising wedge price action pattern on a daily time frame. During this ongoing consolidation, a crypto whale Metalpha (Gnosis Safe Proxy address) has transferred a significant ETH to Binance. Ether Whale offloads $26 million of ETH According to the on-chain security firm…

Bitcoin (BTC) briefly fell below $58,000 once again as the crypto markets shed almost $80 billion, with major altcoins also seeing red. BTC’s drop took the asset’s price to its weakest level since the market panic witnessed in the first week of August, with ETH also dropping 4.5%. BTC fell to an intra-day low of $56,165 on Thursday.  However, this time, traditional stocks are in the green, with Nasdaq and S&P 500 erasing their early August losses.  A New Downturn?…

Despite the launch of the Spot Ethereum ETFs, the $ETH price has continued to seriously underperform Bitcoin, as well as many of the large cap altcoins. Is this about to change? Ethereum still the dominant layer 1 for smart contracts Ethereum (ETH) was a poster child of the last bull market. It’s the number 2 cryptocurrency by market cap, and the heir apparent to become the foremost layer 1 blockchain for the majority of future dApps. However, changing from proof-of-work…

The post Ethereum Price Analysis: Here’s Why ETH Bulls Are Falling Short of Strength as Bearish Targets Get Activated appeared first on Coinpedia Fintech News The crypto markets appear to have initiated a recovery after hitting the monthly lows, while the bulls do not seem to have geared up. The top tokens, like Bitcoin & Ethereum, are facing immense bearish pressure soon after a small rise, which indicates the sellers are extremely focused on extracting profits. The ETH price, too,…

As the cryptocurrency market continues to evolve, a notable trend is emerging: Ethereum (ETH) whales are increasingly focusing their attention on a new and exciting player in the crypto space—Mpeppe (MPEPE). This gambling-focused memecoin, built on the Ethereum (ETH) blockchain, is gaining traction and capturing the interest of major investors. Here’s an in-depth look at why Ethereum (ETH) whales are turning their gaze toward Mpeppe (MPEPE) and what this means for the broader market. Ethereum Whales’ New Investment Focal Point:…