The cryptocurrency trader whose ultra-leveraged Ether (ETH) trade tested Hyperliquid's limits on March 12 has entered another multimillion-dollar position, this time in Chainlink (LINK), onchain data shows. On March 14, the anonymous whale, referred to on X as “ETH 50x Big Guy,” took out long positions in LINK worth approximately $31 million with 10 times leverage, according to Lookonchain, a Web3 analytics service.

The Ethereum (ETH) price is staging a tentative rebound on Friday in tandem with improving risk appetite across the broader crypto and traditional finance markets. The post Ethereum Price Recovers, But Chart Suggests Slump to $1,500 Coming appeared first on Cryptonews.

Crypto markets are surging into the weekend, sparking speculation on whether Bitcoin's break above $84,000 could fuel further upside. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $84,793.95 +5% Ethereum (CRYPTO: ETH) $1,939.46 +4.6% Solana (CRYPTO: SOL) $134.25 +9.2% XRP (CRYPTO: XRP) $2.35 +4.3% Dogecoin (CRYPTO: DOGE) $0.1713 +4.2% Shiba Inu (CRYPTO: SHIB) $0.00001265 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 15.5% and daily active addresses up by 3.6%.

XRP's fully diluted valuation (FDV) has surpassed Ether (ETH), according to March 14 data from CoinGecko. The FDV flip signifies a reversal of fortune for both layer-1 (L1) blockchain networks behind the tokens, as XRP Ledger's decentralized finance (DeFi) ecosystem gains traction and Ethereum grapples with competition from rival L1s, such as Solana.

A new report from Copper.co, a Swiss-based digital asset service provider, highlights a significant alignment between Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and the S&P 500. What Happened: The report notes that both cryptocurrencies have achieved an 83% compound annual growth rate (CAGR) since their 2020 lows, compared to the S&P 500's 20% CAGR over the same period.

Ethereum is going through a critical period, and a 20% drop could trigger $336 million in liquidations on the DeFi market. With key levels to watch and increased volatility, investors must prepare.

ETH's market activity hinted at potential volatility as investors accumulated while key resistance levels posed challenges.

Sacks' divestment highlights potential conflicts of interest in government roles influencing digital asset policies, impacting regulatory trust. The post White House reveals David Sacks sold $200M in Bitcoin, Ether, and other crypto holdings before new role appeared first on Crypto Briefing.

Russia is using cryptocurrencies in oil transactions with India and China, according to a new Reuters report.

Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoin's 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto.

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With RSI deep in oversold territory and MACD showing strong bearish momentum, ETH is at a critical turning point.

Bitcoin (BTC) has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels.However, Bitcoin may not be out of the woods yet.

Here's what to expect from Pectra upgrade and what comes next as Ethereum eyes massive scaling.

Investors are taking a risk-off stance as they apply more caution in their ETH positions due to macroeconomic concerns.

Ethereum's vision appears to be so messy that it leaves EVM changes in limbo, says a former Ethereum Foundation engineer.

Ethereum Foundation developers are planning to launch the Hoodi testnet before the Pectra upgrade mainnet launch. Pectra upgrade mainnet launch was delayed after facing configuration issues on Holesky and Sepolia testnets.

ETH Spot ETFs have seen more than $500 million in outflows over the past three weeks.

The price of Ether has been declining since it fell below the psychological price threshold of $2,000. Currently, ETH price stands at $1,871.

Ethereum's biggest upgrade since The Merge is entering a new phase of testing. If Hooli is successful, Pectra could hit mainnet as early as April 25.

21Shares just announced it will be liquidating two of its exchange-traded funds after a routine review. 21Shares has announced plans to liquidate two of its exchange-traded funds that invest Bitcoin (BTC) and Ethereum (ETH) futures.

Russia has started using crypto for oil trades with China and India as it seeks to bypass Western sanctions, Reuters reported on March 14, citing sources familiar with the matter. According to the report, some Russian oil companies have settled trades in Bitcoin, Ethereum, and stablecoins like Tether's USDT.

Ethereum in free fall against Bitcoin: mere turbulence or alarm signal? As the ETH/BTC ratio hits its lowest level in 5 years, some traders are fleeing to more profitable altcoins.

Ethereum is launching the Hoodi testnet, with Pectra set to go live on the mainnet more than 30 days after Hoodi successfully forks. Ethereum's Pectra deployment is looming, currently slated for the mainnet deployment for late April.

The crypto market remains on edge this week, as the tariff tantrum in the United States continues. Bitcoin (BTC) price is below $85,000, while Ethereum (ETH) and Ripple (XRP) are stuck in a bear market.

TL;DR New Testnet Launch: Ethereum devs have introduced the Hoodi testnet (March 17) to address bugs from earlier tests and finalize the Pectra upgrade. Upgrade Features: The Pectra upgrade combines over 10 EIPs from Prague and Electra proposals, enhancing wallet functionality and doubling data blob capacity.

Bitcoin ETFs saw a net outflow of $143 million on Thursday, March 13, resuming their downward trend, while ether ETFs continued their decline with a $74 million outflow, marking seven consecutive days of losses.

A whale dumps all HYPE tokens, losing $1.8M, as another trader profits $16.39M on Hyperliquid with ETH and HYPE longs.

It is an argument that resurfaces time and again: why was Ethereum (ETH) allowed to evolve into what regulators now call a commodity, while XRP found itself in the crosshairs of the SEC?

Since President took the oath of office earlier this year, the administration has put in place efforts to reset the bilateral relations with Russia. Furthermore, the Kremlin has pressured the war in Ukraine to force the Western countries to lift their sanctions.

This week, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum fell by 13% this week after the price failed to hold above $2,000.

The Lazarus Group, a hacker collective affiliated with North Korea, continues its illegal activities by exploiting crypto. Recently, a transaction of 400 ETH, worth approximately 750,000 dollars, was identified on Tornado Cash, a platform known for anonymizing blockchain transactions.

The crypto market had a mixed day as price action varied across cryptocurrencies. Bitcoin (BTC) continues to struggle, briefly dipping below $80,000 before recovering and moving to its current level.

Ethereum has dropped 33% in three weeks to around $1,891, breaking key support levels while developers continue work on the Pectra upgrade amid growing competition.

Ethereum will launch the Hoodi testnet on March 17, addressing Pectra testing issues encountered on the Holesky and Sepolia testnets.

Ethereum's gas fees have dropped by 95% in the year following the Dencun upgrade, significantly reducing transaction costs.

Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, is experiencing a severe downturn, marking what could be its worst quarter in history.

Russian oil firms are using Bitcoin, Ethereum, and stablecoins to convert Chinese yuan and Indian rupees into roubles for trade as Western sanctions persist.

The total cryptocurrency market cap has lost more than $1 trillion in the past three months, causing intensified panic selling.

The crypto market is set to see $3.29 billion in Bitcoin and Ethereum options expire today, a development that could trigger short-term price volatility and impact traders' profitability.

As Bitcoin (BTC) price attempts to mirror gold's parabolic move, Ethereum (ETH) price has suffered a relentless bearish outlook. The large-cap altcoin, with a fully diluted valuation of about $228 billion and a 24-hour average trading volume of around $19 billion, has been trapped in a multi-week correction. Since the second inauguration of U.S.

The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple is close to an end, with a settlement potentially coming soon, according to sources shared with Fox Business' Eleanor Terrett. Ripple's legal team is currently negotiating for better terms after a court ruling in August 2023.

Ethereum price started a recovery wave above the $1,820 zone. ETH is now consolidating and facing hurdles near the $1,950 resistance.

Ethereum developers are launching the Hooli testnet on Monday to conduct a final trial of the Pectra upgrade before its mainnet deployment. The decision follows two failed tests on Ethereums existing test networks, Sepolia and Holesky, where configuration errors disrupted testing.

Previous Pectra activations on the Holesky and Sepolia testnets ran into configuration issues, pushing back the official release schedule.

Ethereum core developers have decided to create a third testnet, Hoodi, to better prepare for the Pectra upgrade, which has now been delayed until at least late April after the first two testnets encountered several bugs.The Hoodi testnet will launch on March 17 and the Pectra upgrade for it will be activated on March 26, Ethereum Foundation developer Tim Beiko said following the Ethereum All Core Dev Call on March 13. If Pectra runs smoothly on Hoodi without major issues, core developers could set a mainnet launch date for Pectra as soon as 30 days after Hoodi's activation, Beiko said.

A popular crypto analyst thinks Ethereum (ETH) will have to endure some “pain” before rebounding. In a new YouTube video, Benjamin Cowen tells his 886,000 subscribers that there probably needs to be a change in monetary policy in order for ETH's chart against Bitcoin (BTC) to bottom.