ETH

As the crypto market matures, it becomes more predictable. But sometimes, the markets turn the opposite way to expectations. Recently, Bitcoin ETFs have seen a massive buy-in from the lucrative Hong Kong market, and the price was supposed to rise. However, the Bitcoin price dipped 5% despite the buy-ins, which had a knock-on effect on the Ethereum price as well, with ETH losing closer to 7% of value.  Bitcoin (BTC): Bitcoin ETFs precursor to price dip  According to a recent…

The post Why the Ethereum (ETH) Price Has Been Plunging After the Dencun Upgrade: Has the Token Become Inflationary? appeared first on Coinpedia Fintech News The latest Ethereum hard fork, Dencun, went live on March 13, 2024, and was deployed on the mainnet to reduce rising transaction fees. The fees have been significantly reduced while the platform’s scalability has increased, but the price appears to have had no positive impact. The ETH price faced rejection shortly after the upgrade, resulting…

The post Phishing Group Returns Stolen Crypto: 22,960 ETH and 1155 WBTC Recovered appeared first on Coinpedia Fintech News In a significant development, the phishing group behind the theft of 1155 Wrapped Bitcoin (WBTC) has completed the transfer of all 22,960 Ethereum (ETH), valued at $66.88 million, back to the victim’s address. With this, all the phished assets are returned, fulfilling the earlier promise of the victim, of a 10% bounty. Hence, the swift return of the funds stolen highlights…

The post Crypto Market Overview: ETH Price Reclaims $3K Mark As Bitcoin Achieves $63,000! appeared first on Coinpedia Fintech News The cryptocurrency market leader, BTC price, has reclaimed the $63,000 mark after witnessing a jump of 3.28% within the past day and a 24-hour trading volume of $25.429 Billion or 403,279 BTCs, a jump of +5.44% over the past day. Moreover, Bitcoin has a dominance of 53.3% with a market capitalization of $1.241 Trillion, whereas the leader of altcoins, Ethereum…

The Ethereum Foundation, a non-profit organization that supports the Ethereum ecosystem, recently transferred a significant amount of ETH. Given what this transaction could imply, it has drawn the crypto community’s attention, which is already speculating about whether the market top might be in.  Ethereum Foundation Moves 1,000 ETH On-chain analytics platform SpotOnChain revealed in an X (formerly Twitter) post that the Ethereum Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9) on May 8. This development is…

The EU explores adding Bitcoin and cryptocurrency exposure to its €12 trillion investment market. Potential inclusion could surpass the market size of current Bitcoin ETFs and signal new all-time highs for BTC and ETH. The European Securities and Markets Authority (ESMA), the EU’s key financial regulator, recently issued a Call for Evidence to review the Undertakings for Collective Investment in Transferable Securities (UCITS) Eligible Assets Directive (EAD). The aim is to assess the risks and benefits associated with allowing UCITS…

The incredible growth within the meme ecosystem catches the attention of an analyst, who labels Dogecoin as the “BTC of memes,” and refers to Pepe and Dogwifhat as the “Ethereum of meme coins.” While he acknowledges the massive gain within this sector compared to Bitcoin, he advises investors to trade with caution due to its significant volatility.  The race for dominance intensifies within the meme ecosystem as Shiba Inu (SHIB) doubles down on its effort to close the $7 billion…

The CEO of MicroStrategy, Michael Saylor, recently critiqued Ethereum (ETH), Cardano (ADA) and Ripple (XRP) as he labeled them securities. This brought about a lot of talk among traders as they now look at safer options like Rollblock (RBLK). Analysts hint that this Stage 1 presale star could be the next $0.5 token in 2024 and one of the best cryptos to buy. Michael Saylor: Ethereum ETF Will Never Come One of the top crypto coins, Ethereum (ETH), has been…

During the ongoing cycle, BTC and ETH have witnessed a growing divergence in their respective performances. According to Glassnode’s findings, this can be attributed to a general trend of weaker capital rotation, particularly in comparison to previous cycles and all-time high breakthroughs. Ethereum Receives Weak Capital Flows Leading up to bitcoin’s peak established on March 14, Glassnode observed a surge in speculative activity. As per its latest on-chain weekly report, capital accumulation was seen among the short-term holders of BTC,…