The second largest cryptocurrency, Ethereum (ETH), has recently experienced a resurgence in the crypto market, showcasing significant price movements. On October 13th, Ethereum’s price rebounded from a key support level at $1,521, initiating a five-day winning streak and yielding a substantial 6% gain. As of the latest data, ETH is
For the first time since May, the validator queue on the Ethereum blockchain has emptied, suggesting that investor appetite for ether staking has plateaued, as reported by Coinbase. To validate blockchain transactions and get rewards, validators lock up ether. After reaching its maximum capacity, validator entry dwindled staking returns to
The oldest gem, Bitcoin (BTC), has experienced a significant price jump of 4.5%, rising from $27,001 to $27,963. The surge has been fueled by growing optimism surrounding the potential approval of a Bitcoin exchange-traded fund (ETF) in the near future, igniting bullish hopes within the crypto community. Over the weekend,
Investors have suffered heavy losses as a result of recent crypto market movements. The price of Bitcoin and several other cryptocurrencies has fallen recently due to concerns about geopolitical unpredictability and lackluster US macroeconomic statistics. IntoTheBlock, a blockchain data research company, says that the Ethereum network has entered a new
Glassnode reports that over the previous two days, Binance has received Bitcoin worth over $300 million. There were two major inflows marking this surge: over $200 million went to the exchange on October 11, and another of $120 million on October 12. The majority of these transactions are in the
Ethereum, the second-largest cryptocurrency by market capitalization, recently reached a seven-month low at $1,528. In the past three months, ETH has been under intense bearish pressure, leading to a sustained downward trend. Despite a brief attempt by bulls to push the price above the $1,750 resistance level in early October,
According to statistics from DefiLlama, the TVL on decentralized finance (DeFi) projects fell by 30% year over year, reaching a low of $36.95 billion. The crypto sector as a whole is facing severe bearish sentiment. While the year began off well for DeFi projects with a high point of over
Bitcoin (BTC) has experienced a significant downturn, marking its fourth consecutive day of losses. The world’s largest digital asset by market value fell below $26,600, a level not seen since the beginning of October. Several factors have contributed to this decline, including concerns related to the ongoing conflict in the
On-chain data suggests that Ethereum whales are showing resilience in the face of heavy selling pressure. According to the available data, the top 10 Ethereum whales have amassed an incredible 40 million ETH in the last few days. Santiment, an on-chain data source, noted that the wealthiest Ethereum wallet addresses
Bitcoin, the leading cryptocurrency by market capitalization, is currently experiencing a turbulent October. It began the month by breaking the $28,000 resistance level, but as of now, the price has dipped to $27,097. While various factors are contributing to this instability, the crypto community is abuzz with speculation about the
