Crypto markets will witness $3.42 billion in Bitcoin and Ethereum options contracts expire today. The massive expiration could cause a short-term price impact, particularly as markets wait expectantly for Bitcoin to tag $100,000.
Ethereum (ETH) has seen a less impressive performance compared to Bitcoin (BTC) in recent months, despite Bitcoin reaching new all-time highs. At the time of writing, Ethereum's price stands at $3,111, significantly below its all-time high of $4,878 in 2021.
Some major altcoins have also started riding the bullish wave alongside Bitcoin. Solana (SOL), the fourth-largest cryptocurrency by market cap, has also surged to a new record high of $262.
Ethereums price movement hinges on five pivotal indicators, including whale netflows and transaction growth, according to IntoTheBlock. Mixed signals emerge as ETH trades at $3,323, with long-term investors continuing to hold amid rising Layer-2 adoption.
After the split, the ETFs saw mixed performance in the market.
Ether has recorded a few gains in the past weeks, but the coin's retail investors are not taking profits because they consider the asset undervalued.
The crypto prices today have primarily continued on an upward trajectory, showcasing strong market momentum. Bitcoin (BTC) has reached a significant milestone, touching $99,000 for the first time.
South Korean authorities have officially identified North Korean hackers as the perpetrators of a major Ethereum heist in 2019, marking a significant breakthrough in the investigation. The stolen cryptocurrency, valued at 58 billion won (approximately $55.7 million) at the time, was traced to North Korea's Reconnaissance General Bureau, a military intelligence agency.
Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance.
Ethereum (ETH) has been experiencing a remarkable surge in its decentralized application (dApp) ecosystem, with transaction volumes hitting new heights. Over the past month, Ethereum's dApp activity has grown by 38%, signaling a significant increase in engagement across key sectors like decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain gaming.
Believers in Ethereum (ETH) could be on the verge of an opportunity, according to Ki Young Ju, the founder and chief executive of the digital asset analytics firm CryptoQuant. Young Ju tells his 370,400 followers on the social media platform X that the ETH/Bitcoin (BTC) Net Unrealized Profit/Loss level just hit a four-year low.
The bond was tokenized on the Ethereum blockchain, denominated in the USDC stablecoin and will see its entire lifecycle onchain.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is currently experiencing a phase of neutrality in its market activity. According to a CryptoQuant analyst known as Darkfost, Ethereum's netflow on Binance has reached a balanced state, with deposits and withdrawals stabilizing.
Throughout 2024, Ethereum's onchain trading volume mirrored that of the wider crypto market.
Cryptocurrency markets are trading higher, with Bitcoin approaching $100,000, Solana ETF talks picking up steam and XRP gaining on Gary Gensler announcing his resignation on Donald Trump‘s inauguration day. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,986 +3.1% Ethereum (CRYPTO: ETH) $3,348 +8.7% Solana (CRYPTO: SOL) $253.64 +7.1% Dogecoin (CRYPTO: DOGE) $0.3841 +1.9% Shiba Inu (CRYPTO: SHIB) $0.00002454 +2.2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 8.5% and daily active addresses up by 0.4%.
The ETH/BTC drop presents a good entry point for investors.
Ethereum (ETH), the largest altcoin, has performed poorly compared to Bitcoin (BTC). For instance, while ETH has gained around 16% in the last 30 days, BTC's price has jumped by 31%.
Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on one top-50 altcoin by market cap while offering his insight on Bitcoin (BTC) and Ethereum (ETH).
Samson Mow, a well-known Bitcoin maximalist and CEO of JAN3, has issued a bold warning to Ethereum (ETH) holders, urging them to sell their altcoins and buy Bitcoin before it's too late. In a recent tweet, Mow advised investors to make the switch, claiming that Ethereum's underperformance compared to Bitcoin is a sign that similar fates await other cryptocurrencies.
Far from making zero-knowledge rollups obsolete, the Beam Chain would make them work better, says Polygon. zkSync builder Matter Labs is also bullish.
Ethereum price is setting the stage for a potential rally toward $4,000 after solidifying support around the $3,000 level. The cryptocurrency has seen increased buying activity in this range, alongside a bullish breakout and imminent technical indicators, suggesting further upward momentum.
The Ethereum price has been consolidating for about a week since it hit a four-month high at $3,420. As the second largest cryptocurrency, Ethereum has the biggest price correlation with Bitcoin.
Vitalik Buterin, Ethereum's co-founder, recently made a significant statement regarding the future dynamics of Ethereum's Layer 1 (L1) and Layer 2 (L2) solutions. His remarks shed light on Ethereum's evolving infrastructure, highlighting the importance of creating a solid, resilient foundation while ensuring adaptability in the system.
Data shows the Ethereum derivatives-related metrics have shot up recently, a sign that the price is at risk of going through a volatile storm. Ethereum Open Interest & Leverage Ratio Have Both Spiked Recently In a CryptoQuant Quicktake post, an analyst has discussed about the trend in the derivatives indicators of Ethereum.
Amid Ethereum's struggling price performance, accumulation trends suggest potential for significant market movement.
As the crypto market vibrates to the rhythm of Bitcoin's spectacular rises, a key player is preparing to play its trump card: Ethereum. While Bitcoin is currently making history with new peaks, Ethereum remains behind, which fuels the debate about its ability to surpass its rival.
As of now, the US SEC has received no public feedback about the proposed rule change. The commission's cautious stance on cryptocurrency-related products is reflected in this delay.
Ethereum has struggled to recover recently, while Bitcoin and most altcoins have seen gains.
Explore how intent-based applications can overcome fragmentation challenges in Ethereum, focusing on composability and a unified ecosystem through standards like ERC-7683 and low-latency networks.
The Ethereum price has surged more than 7% recently, with recent indicators hinting towards a potential ETH rally to $10K ahead. Notably, the recent surge also indicates a bullish momentum for the crypto ahead.
The ETH/BTC ratio, a metric measuring Ethereum's price performance compared to Bitcoin, has reached its lowest point since March 2021. This development comes amid BTC's brief rise to $98,000.
On Thursday, Nov. 21, ethereum (ETH) took the lead, climbing over 7% while bitcoin managed a 3% increase. Ether Dominance Shrinks, But Today It Steals the Spotlight from Bitcoin This year has been a rocky road for ethereum (ETH), but on Thursday, the digital asset reached an intraday peak of $3,362 per ether.
IntoTheBlock has published a report about Ethereum, while the whole market is watching what is happening to Bitcoin.
Ethereum has jumped by more than 7% in the past 24 hours to break above $3,350. The top altcoin's price gains come after Bitcoin spiked to its highest-ever mark above $98k on Thursday morning.
A South Korean investigative agency has exposed the Lazarus Group for crimes relating to crypto theft. The South Korean police confirmed that the North Korean-linked Lazarus Group is responsible for the crypto stolen from Upbit five years ago.
The Ether-to-Bitcoin price ratio has fallen to 0.032, marking its lowest point since March 2021, as Bitcoin continues its upward trajectory, recently surpassing $97,700.
Solana's meteoric rise in key metrics and real-world adoption signals a shift in the blockchain space, challenging Ethereum's long-held dominance.
Solana's meme token boom continues to shift the balance, with DEX activity catching up with Ethereum. It has reached around 57% of the activity levels on the Ethereum blockchain.
Ethereum's recent price movements highlight a period of consolidation following its rejection near the significant $3.5K resistance level. This phase suggests a potential pullback to the $3K region, coinciding with the 200-day moving average, which could serve as a platform for the next bullish leg.
The price of Ethereum has risen by 2.5% in the past 24 hours, with the alt looking like it's ready to begin making up for recent underperformance. The post Why is Ethereum Slacking This Bull Run? Could ETH Price Have a Breakout Moment Before End of 2024? appeared first on Cryptonews.
Bitcoin (BTC) surged to a new all-time high early today as it rose to $97,000 before losing momentum and registering a marginal decline to fall to its current level. The world's largest cryptocurrency is up almost 3% over the past few hours as it maintains its rally despite facing recent selling pressure, with analysts expecting a move past $95,000 is imminent and could happen within a couple of sessions.
Ethereum price has failed to keep pace with its peers in recent days, creating concerns that it could underperform despite the current rally.
South Korean police confirmed that North Korean hacker Lazarus group and Andariel orchestrated the 2019 theft of 342,000 Ethereum (ETH) from Upbit, South Korea's largest cryptocurrency exchange. This is the first time authorities have officially acknowledged North Korea's involvement in a domestic exchange hack.
Ethereum's network activity has reached new heights with dApp volumes hitting $3.54 billion in November 2024, while the price consolidates around $3,114 amid growing ecosystem engagement.
Analyst Benjamin Cowen recently made a crucial prediction regarding Ethereum's future, sharing a logarithmic chart with a mysterious comment, "I want ETH to finally go home," and hinting at the target above $6,000, which would be a massive milestone to reach for the second-biggest cryptocurrency.
A potential breach of the resistance level of about $4K for Ethereum price will signal the onset of the macro altcoin season as Bitcoin approaches a major psychological target.
According to local media, South Korea confirmed that North Korea was behind the theft of 342,000 Ethereum (ETH) tokens. The 2019 loot, worth approximately 58 billion Won or $41.5 million, was stolen from the Upbit crypto exchange.
While the price of Bitcoin (BTC) is dramatically updating historic high after high, just as dramatically, the price of Ethereum (ETH), the leading altcoin on the crypto market, is flying in an open peak downward against the major cryptocurrency. Since the beginning of the year, the price of ETH has lost 46.99% to the price of BTC from the high of the year and, as a result, has reached 0.03187 BTC per Ethereum, unseen since March 2021 - that is, for almost four years.