Ethereum price hits two-year high as network fees soar, SEC stalls on ETF decision
[ad_1] Transaction fees on the Ethereum blockchain experienced a significant surge in the past 24 hours, coinciding with ETH’s price surpassing $3,700, marking a two-year high. This development comes amid the US Securities and Exchange Commission’s (SEC) delay in ruling on multiple pending spot ETH exchange-traded fund (ETF) applications. Ethereum’s price spike coincides with high […]
$906M Worth Of Ethereum Leave Exchanges Last Week
[ad_1] Exchange data has revealed continued bullish sentiment from Ethereum traders. According to IntoTheBlock, $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a holding mentality among investors. This massive exodus of ETH from exchanges could indicate that traders are anticipating higher prices and moving their holdings into private wallets for […]
Blast network TVL plummets 65% losing $2 billion in 24 hours post-mainnet launch
[ad_1] Crypto investors have swiftly removed their assets on the Ethereum-based layer two blockchain Blast following its Feb. 29 mainnet launch. According to DefiLama and Flipside data, the total value of assets locked (TVL) on the network plummeted by over 65% in the past day, dropping to $745.47 million from a peak of $2.27 billion. […]
Justin Sun Moves $100M To Binance, Stacking Ethereum?
[ad_1] Justin Sun, the co-founder of Tron–a smart contracting platform for deploying decentralized applications (dapps), is once again moving and shuffling millions of dollars. According to Lookonchain data on February 29, Sun reportedly transferred 100 million USDT to Binance, days after moving huge sums earlier this week. Justin Sun moves $100 million USDT to Binance | Source: […]
Ethereum Bulls Get Aggressive As Traders Set Sights on $4,000
[ad_1] Ethereum has been exhibiting a robust and sustained upward trend, showing its mettle in the volatile cryptocurrency market. At the time of writing, the price of ETH was hovering around $3,743, surpassing its moving averages with considerable bullish momentum. The cryptocurrency community is now eagerly anticipating the breach of the significant $3,500 price threshold, […]
Price speculators sees highest single-day loss of $774 million YTD amid Bitcoin upward trajectory
[ad_1] Speculators on crypto derivatives suffered significant losses in the past day, totaling around $774 million, marking the highest single-day loss of the year due to volatile market swings. Bitcoin, the bellwether digital asset, surged to its highest level since November 2021, surpassing the $63,000 mark in a remarkable rally. However, the euphoria was short-lived […]
Ethereum devs confirm Dencun upgrade’s mainnet deployment, Grayscale calls it ETH’s ‘coming of age’ moment
[ad_1] Ethereum Foundation said the highly anticipated Dencun upgrade has been “successfully activated on all testnets” and is scheduled for deployment on the mainnet by Mar. 13 — at epoch 269568, according to a Feb. 27 statement. According to the Foundation, the upgrade will usher in significant changes, including introducing ephemeral data blobs with EIP-4844. This […]
Can Ethereum Touch $4,000? Crypto Analyst Says ETH Rally Far From Over
[ad_1] Like Bitcoin, Ethereum has also picked up steam, with the second-largest crypto token crossing the $3,000 resistance level for the first time since 2021. Interestingly, this crypto analyst believes the rally is far from over, as he highlighted a key price level that ETH could hit soon enough. Ethereum Could Rise To As High […]
Ethereum Outperforms Bitcoin As Institutional Investors Clamor For ETH Exposure
[ad_1] Reports have revealed that institutional investors are shifting their focus to Ethereum, displaying a preference compared to the largest cryptocurrency, Bitcoin. Despite Bitcoin’s recent rally to over $55,000, Ethereum’s unique features and potential developmental capabilities continue to capture institutional players’ interest. Institutions Favor Ethereum Over Bitcoin On February 24, cryptocurrency exchange, Bybit, published a […]
Whales Withdraw $64 Million ETH From Exchanges, Bullish Signal?
[ad_1] According to data from Lookonchain, an on-chain analytics platform, Ethereum (ETH), whales have withdrawn roughly $64.2 million worth of ETH from major exchanges. This significant movement of funds coincides with a notable uptick in the price of ETH, indicating an increasing interest in the asset. Ethereum Whales Movement Signals Confidence According to Lookonchain’s findings, […]