As November prepares to make its entrance, the crypto market breaks and recovers from the bearish pressure. The trading day opened with the market exhibiting a 4.68% surge in market cap, reaching $2.4 trillion over the last day. Notably, the largest cryptocurrency, Bitcoin, has broken above $71K. The largest altcoin,
Ethereum’s relationship with Bitcoin has reached a critical juncture as the ETH/BTC ratio plunges to levels not seen since April 2021. This significant decline, marking a 30% drop since July 1, signals a substantial shift in the relative strength between cryptocurrency’s two largest assets. Michaël van de Poppe, CEO of
In the last 24 hours, the cryptocurrency market has shown neutral price movements, largely influenced by Bitcoin’s return to the $67.7K level. This stabilization has helped the overall market cap rise by 3.24%. However, Ethereum, the leading altcoin, has diverged from this trend, experiencing a price drop over the week.
On a rare occurrence, the overall crypto market has recorded neutral price actions in the last 24 hours. When comparing the past day, Bitcoin’s returning back to the $67K level might have contributed to neutralizing price actions. Meanwhile, the market’s trading volume has surged by 19.08% in the past day.
Ethereum’s circulating supply has reached a significant milestone, hitting a six-month high of 120.39 million ETH following the addition of 7,728 tokens worth over $20 million. This substantial increase in available tokens raises questions about potential price implications, particularly if market demand fails to match the growing supply. The surge
The trading day opened with the cryptocurrency market exhibiting a moderate dip in market cap of 2.23%, positioned at $2.33 trillion, over the last 24 hours. Major cryptocurrencies are priced in red. Notably, the largest asset, Bitcoin (BTC), has briefly entered the bearish zone by losing over 2%. The largest
Ethereum, the largest altcoin, is currently trading at $2,619, marking a 0.63% decline from its 17-day high of $2,688 three days ago. Despite the drop, Ethereum is up 9% over the past week. However, trading volume has decreased by 7%, signaling a potential shift in market sentiment. Ethereum’s price has
The cryptocurrency market is recovering from the bear hold after Bitcoin broke above $68K. While the largest altcoin, Ethereum (ETH) has not yet gained substantially. Notably, this month opened with an anticipated bull run, as it’s considered as Uptober. Over the day, the altcoin recorded the lowest price at $2,592.
Vitalik Buterin, co-founder of Ethereum, has outlined the blockchain’s ambitious future in a two-part blog series. His latest post, “Possible Futures for the Ethereum Protocol, Part 2: The Surge, sheds light on the next major phase following Ethereum’s transition to Proof of Stake (PoS) in 2022. Known as “The Merge,”
Ethereum surged to a 16-day high of $2,684, bolstered by a wave of bullish momentum over the past week, gaining 8%. The rally mirrors Bitcoin’s recent rise above $68,000, pushing Ethereum to peak levels. However, as of today, Ethereum has pulled back slightly, trading at $2,623, with new signs indicating
