Ethereum (ETH) could be poised for a new record high as the second-ranked cryptocurrency by market cap mimics Bitcoin's (BTC) past bull run.
Ether has been showcasing incredible performance this bull season. A streak of inflows into the US-listed spot Ether ETFs, the rising activity on the Ethereum blockchain, and the increased institutional interest could all drive Ether to beat its three-year-old price record in the coming months.
The Solana ecosystem has been dealt a significant blow in the form of yet another hack. This time, security analysts have identified more than 8,620 Solana wallets associated with the DEXX hack.
The Solana blockchain community has voiced concerns about Coinbase, citing prolonged transaction delays for the network. On social media platform X, screenshots shared by several Solana users revealed that transactions on the blockchain took up to 45 minutes to process.
Solana's native $SOL coin may dip soon, and it may be a hair-raising dip, but it will quickly recover and set a new all-time high (ATH), according to one analyst. Web3 X commentator D£_MaRiO (@w3_alpha091) made the prediction, and suggested Solana could tumble from its relatively high current price of $243 (7.
Story Highlights The SOL price soars over 3% in 24 hours and reclaims the $240 mark. The technical indicators record a mixed price sentiment, highlighting increased price volatility. Sustained bullish action could push the price toward the $300 mark.
On November 16th, DEXX, a popular platform for trading memecoins, fell victim to a security breach. The hack has now been linked to over 8,600 Solana wallets, with losses reaching nearly $30 million.
Ethereum reached $3,688 on November 28, its highest in six months. That's big news, but it didn't stay there long. The market took a breather, and ETH slid back to $3,580. Still, it ended the week with a 5% gain, which isn't too shabby, considering the wild 18% jump earlier.
Ethereum Foundation invests millions in zkVMs for scalability and security. Projects include zkRISC-V, Poseidon cryptanalysis, and L2beat zkVMs.
A top analyst who accurately called the end of the 2022 crypto bull market thinks Ethereum (ETH) is poised to rally in both its Bitcoin (ETH/BTC) and US dollar pairs. Pseudonymous analyst Pentoshi tells his 826,200 followers on the social media platform X that ETH/BTC looks good after respecting its support at 0.30 BTC.
Ethereum futures market dynamics suggest that ETH is not overheated and still has more room for growth, driven by demand from spot ETFs.
In a latest development, Chinese gaming giant Boyaa Interactive, listed on the Hong Kong Stock Exchange, has made a significant move swapping Ethereum for buying Bitcoin, adding to the current wave of massive surge in institutional interest.
Ethereum Foundation revealed its plans to invest $10 million into zero-knowledge Virtual Machine protocols
Bitcoin ETFs received a remarkable $103 million in net inflows. This surge, amounting to 1,119 BTC, highlights the continued interest in Bitcoin as a long-term store of value.
TL;DR Over $10 billion in Bitcoin and Ethereum options are set to expire today, potentially causing short-term crypto market volatility. Put-to-call ratios indicate bullish sentiment among traders, with more preference for call options in both BTC and ETH.
Solana (SOL) has been in a downward spiral over the past week. Since reaching a new all-time high of $264.63 on November 22, SOL has encountered a surge in selling pressure.
The Ethereum Foundation is preparing to invest tens of millions into zkVMs (Zero Knowledge Virtual Machines). The development has been revealed by Justin Drake, who is a researcher at the organisation. In a separate development, yesterday, Ethereum co-founder Jeffrey Wilcke moved over 20,000 ETH to Kraken, triggering concerns across the cryptocurrency market.
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Data shows the Ethereum Open Interest has recently observed a sharp jump to a new all-time high (ATH) of around $16.8 billion. Ethereum Open Interest Has Shot Up Recently In a new post on X, CryptoQuant community analyst Maartunn has discussed about the latest trend in the Ethereum Open Interest.
Chinese gaming giant Boyaa Interactive, listed on the Hong Kong Stock Exchange, has shifted a significant portion of its crypto holdings from Ethereum to Bitcoin. According to a Nov. 29 filing, the company said it converted 14,200 ETH into approximately 515 BTC in an open-market transaction valued at $49.48 million.
Solana (SOL) has a highly active turnover on Pump.fun. Some of the SOL tokens remain locked in bonding curves, decreasing the available circulating supply.
New projects are always springing up within the cryptocurrency market, offering profitable opportunities. With Bitcoin price trading at $95,000 and Solana (SOL) at $241, the Solana ecosystem is hosting some of the top gainers.
Chainlink rebounded in November and is on track to have its best monthly performance since May. This LINK rebound coincided with the broader crypto market rally, adding fuel to the uptrend.
The overall cash inflow to the Ethereum network and its layer two scaling solutions led by Coinbase-backed Base has significantly increased in the recent past.
Ethereum, the second largest cryptocurrency by market capitalization, is going through a remarkable period. According to data published by the analytics company IntoTheBlock, 90.8% of ETH holders are now in profit, a peak not reached in months.
The analyst from Bitget Research discusses the key factors that influence the performance of the crypto.
The latest rise from the interim lows of around $3,300 has invalidated the bearish trajectory that could have dragged the ETH price below $3200. The token seems to be gearing up for a potential run as the levels stay strong at $3500.
Ethereum co-founder Jeffrey Wilcke has transferred 20,000 ETH ($72M) to Kraken, his fourth major transfer of 2024, totaling over $147M in movements while retaining 106,006 ETH in his wallet.
Security experts at SlowMist identified over 8,620 Solana wallets linked to the DEXX hack, with losses estimated near $30 million as recovery efforts continue.
Bitcoin (BTC) inched above $96,000 and reached an intraday high of $96,760 before declining to its current level of $96,300. Investors are eying the $100,000 level as the Thanksgiving holiday rolls in.
Ethereum maintains strong market position above $3,500 with clear technical levels defining potential future price movements.
Ethereum (ETH) has been on an impressive upward trajectory, recently reclaiming the $3,600 mark and drives renewed optimism among investors. With a series of bullish technical signals and strong institutional support, the question now is whether Ethereum can break through the $3,668 resistance and push its price to the coveted $4,000 level.
Ethereum was testing its resistance at $3.6k, and a breakout could allow it to touch $3.9k soon.
Ethereum is finally seeing a notable rebound in its price as the second-largest cryptocurrency by market capitalization, which continues to break through significant resistance levels. Following its upward trajectory, seeing a nearly 10% increase in the past week, discussions about Ethereum potentially reaching a new all-time high by the year's end have gained momentum.
In the past 30 days, Ethereum's (ETH) price has surged by 33%, fueling speculation about the cryptocurrency's potential to hit new highs. While it seems unlikely as this month draws to a close, analysts' Ethereum December prediction could bring in more gains for holders.
Ether has outperformed Bitcoin in futures yields, signaling more potential ETF inflows that could catalyze an Ether rally above $4,000 before Jan. 20.
Ether has outperformed Bitcoin in futures yields, signaling potential ETF inflows that may catalyze a rally above $4,000 before Jan. 20.
Ethereum ETFs outperformed Bitcoin ETFs in net inflows, with Ether ETFs attracting $224.9 million in inflows compared to Bitcoin's $35.2 million between Nov. 22 and 27.
The market is nervous as Ethereum continues to rise, with over $835 million in short positions ready to be liquidated if ETH reaches $4,000. The price chart for Ethereum and the provided liquidation heatmap demonstrate the high stakes that are currently surrounding the second-largest cryptocurrency.
The Ethereum Foundation once again caused a stir across the broader market on Friday, revealing that it is investing tens of millions into zkVMs (zero knowledge virtual machines). Justin Drake, a renowned researcher at the organization, revealed this investment strategy.
It's a big Friday in the crypto world as over $11 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today! With the market bouncing back from a recent dump, all eyes are on today's massive expiry event.
Chainlink bulls recently propelled the price towards a key resistance level - Can they continue the uptrend?
Bitcoin futures open interest (OI) has risen significantly, jumping from $39 billion on Nov. 5 to $60.9 billion following Donald Trump's presidential election victory.
Ethereum's layer-2 (L2) networks have reached an all-time high in total value locked (TVL), surpassing $51.5 billion—an increase of 205% from $16.6 billion in November 2023.
Investor interest in leveraged Ethereum products has surged, with VolatilityShares' 2x Ether ETF seeing a 160% increase in exposure since early November.
Bitcoin bulls avoid further retests of round-number levels as support as Ethereum finally wakes up.
The Ethereum (ETH) network has remained the undisputed web3 leader, with over $69 billion in total value locked (TVL) and more than $103 billion in stablecoins market cap, majorly due to the significant development of its layer-two (L2) scaling solutions.
Spot Bitcoin exchange-traded funds in the U.S. have experienced significantly lower inflows compared to their Ethereum counterparts during the last four trading days, from Nov. 22 to the day before Thanksgiving.