The recent happening involving Ethereum, the second largest cryptocurrency, has caught the attention of cryptocurrency enthusiasts and market analysts alike. A staggering 33,000 ETH was transferred from an unidentified sender to the crypto exchange OKX. Whale Alert, a popular crypto whale tracker, flagged this transaction that took place on Tuesday
The cryptocurrency market have experienced a widespread rebound lately with major cryptocurrencies trading in green. Ethereum’s recent fees stabilization has made the network even more appealing, and if the cryptocurrency can push through its present resistance levels, it has the potential to reach $2000 again. Moreover, a crypto whale has
The recent attempt to establish the Ethereum Holesky test network was unsuccessful because of a parameter mismatch. The network is still scheduled for a formal debut soon and will become Ethereum’s biggest test network, with 1.46M validator nodes, twice as large as the primary network. The release of Holesky marks
Ethereum bears appear to be showing exhaustion following an extended period of dominance. Over the past three days, the ETH chart has displayed an upward trajectory, marking a recovery from the 12% dip experienced over the past month. Also, it has managed to bounce back from its lowest point in
Vitalik Buterin, co-founder of Ethereum, spoke with David Hoffman at Blockworks’ Permissionless event recently, outlining his hopes for Ethereum and the larger Web3 ecosystem. Buterin said that existing advancements in the blockchain field, such as DeFi and NFTs, are vital but relatively restricted in magnitude, and he called for more
U.S. inflation reached 3.7% annually in August, according to the latest CPI statistics issued today by the U.S. Bureau of Labour Statistics, which beat the consensus expectation of 3.6%. Inflation has risen for two months in a row, according to the most recent figures. The Consumer Price Index (CPI) rose
Glassnode, a blockchain analytics platform, recently reported that just around 53.5% of Ethereum addresses are profitable. The cryptocurrency’s price has dropped by 13.66% over the previous 30 days. Moreover, the price of Ethereum recently broke the key support level of $1600. According to Glassnode’s calculations, the last time the percentage
The cryptocurrency market has once again experienced a significant surge in volatility following the news of FTX’s impending sale of its crypto holdings, totaling $3.4 billion. This move has placed immense selling pressure on FTX’s major holdings, including Solana (SOL), Ethereum (ETH), and Bitcoin (BTC). FTX administrators have successfully recovered
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has faced intense bearish pressure over the past three months, resulting in a consistent downward trajectory. This decline has pushed Ethereum’s price to its lowest point in five months, with the recent month being particularly harsh, witnessing a 15% drop that brought
All eyes are on the upcoming U.S CPI and PPI inflation release this week. It will set a benchmark for the FOMC to decide over the interest rate decision. Any favorable call will act like a strong catalyst boosting overall market sentiment. It can possibly lead to a much-needed market-wide
