Category Archives: Ethereum
VanEck files updated spot Ethereum ETF bid – crypto.news
VanEck files amended prospectus ahead of expected approvals for spot Ethereum ETFs.
Wealth manager VanEck submitted an updated S-1 registration statement with the Securities and Exchange Commission (SEC) for its bid to launch an Ethereum (ETH) ETF that tracks spot prices.The filing was sent before the securities regulators deadline for all issuers to provide amended documents by Monday.
VanEck joined fellow crypto ETF manager Bitwise, which filed its S-1 on July 3. Other firms are expected to submit amended packages by the end of the day. Bloomberg analyst noted that VanEcks filing disclosed minimal changes and was merely a formality to comply with procedure.
Both firms already disclosed much of their respective spot Ethereum ETF details, including an initial fee waiver.
First S-1 just rolled in today from VanEck.. they already had their fee so nothing to see here really, they just putting ball back in SEC's court. Expecting the rest today except for Bitwise who did theirs last week. pic.twitter.com/gF6OZTKIrs
For spot Ether ETFs to begin trading, the SEC must greenlight the proposals for rule changes in 19b-4 forms and S-1s that allow entities to list ETF shares on authorized national exchanges.
In May, the agency approved eight 19b-4 forms filed by prospective spot ETH ETF issuers, including Bitwise and VanEck. This completed the first part of a two-step process and fuelled confidence that these Ethereum investment vehicles were imminent.
CNBC also reported that trading could begin as late as next week, creating a two-week window for the products debut, which falls within remarks from SEC chair Gary Gensler. Gensler testified before a Senate committee that spot ETH ETFs would most likely launch this summer.
After spot Bitcoin (BTC) ETFs launched in January, the crypto rose to an all-time high and has grown over 33% year-to-date despite a recent market decline.
Speculations around a similar price pattern for Ethereum now abound, with spot ETH ETFs seemingly around the corner. On one hand, proponents like Flipside Crypto data scientist Carlos Mercado surmise that an institutional wrapper might be detrimental for DeFis largest currency after Bitcoin.
Conversely, SCRYPT CEO Norman Wooding told crypto.news that institutional demand will directly lead to higher yield and catalyze higher prices for ETH in the long run.Ethereum had forfeited over 18% of its value in a month due to a broad market decline.
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Immunefi and Ethereum Foundation launch Attackathon to enhance security for Ethereum – crypto.news
Immunefi, a Web3 bug bounty platform, and the Ethereum Foundation have joined forces to introduce Attackathon, a collaborative audit contest aimed at challenging and enhance the Ethereum networks security.
The event includes a scheduled code review program to identify bugs in Ethereums (ETH) core protocol. The goal is to involve top security researchers in evaluating Ethereums security and technology.
Ethereum developers and ecosystem projects have been invited to contribute to the programs reward pool.The Ethereum Foundation already provided $500,000 for the reward pool to compensate security researchers and developers for identifying security vulnerabilities and bugs.
The Attackathon will showcase Immunefis elite security researcher community, competing to secure the protocol in a time-boxed audit competition with the potential to earn massive rewards, reputation, and glory. Top performing whitehats will have their skills recognized in front of the entire Ethereum community, Immunefi posted.
The event will include an educational program designed to enhance and expand the skills of the Ethereum protocol security researcher community.
An Attackathon aims to stress-test the code of an ecosystem and its projects. It identifies and fixes potential vulnerabilities while creating an engaged community of researchers and enthusiasts.
One audit competition to rule them all
Immunefi, in collaboration with the @Ethereum Foundation, presents the first-ever Attackathon to enhance Ethereums protocol security.
Become a sponsor and help make history 1/4#EFxImmunefi pic.twitter.com/m1HtH6G2r0
As part of our efforts to help further secure the Ethereum protocol, we are excited to launch the first audit competition targeting the protocol itself, and cant wait to see what types of vulnerabilities it will surface, said Fredrik Svantes, Protocol Security Research Lead at the Ethereum Foundation.
Immunefi has the largest Web3 security community, boasting more than 45,000 researchers. The company has awarded over $100 million in bug bounties, the highest in the software industry, and claims to have safeguarded over $25 billion in user funds.
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Immunefi and Ethereum Foundation launch Attackathon to enhance security for Ethereum - crypto.news
Ethereum Becomes Inflationary (Again): What It Means For Investors (ETH-USD) – Seeking Alpha
Peter Hansen/iStock via Getty Images
I view Ethereum's (ETH-USD) recent switch from a deflationary supply to an inflationary supply as a neutral development for investors. While inflation will dilute investors over time, it also allows for lower transaction fees. This will lead to increased usage of Ethereum, which could lead to more demand and higher Ethereum prices. I remain bullish on Ethereum in the long term.
ycharts
The above chart showing Ethereum's supply over the past year appears quite volatile at first glance. There have been periods of inflation, deflation, and relative stability. However, since April, the supply has been steadily inflating.
Fortunately, zooming out to a 5-year chart shows that the supply has actually been quite stable since Ethereum's switch to proof of stake in late 2022. The recent bout of inflation barely registers on a chart that includes pre-2022 data:
ycharts
While the current inflation rate may be small, it's still worth discussing because it had a clear cause that wasn't just temporary volatility. Specifically, the Dencun upgrade went live in March 2024. This "hard fork" upgrade released nine different improvements. One of these improvements - proto-danksharding - is responsible for the recent supply inflation.
Proto-danksharding reduces fees for "layer 2" transactions that are bundled together before being added to the Ethereum blockchain. This is because it allows some data associated with a transaction to be deleted after about 18 days instead of being stored permanently on the Ethereum blockchain.
Specifically, some data which is needed to initially validate and process a transaction doesn't need to be stored permanently. This data is redundant with more space-efficient data (such as validator attestations) that's available once the transaction is finalized. In other words, proto-danksharding is simply a means of allowing Ethereum users to temporarily sync some important data without storing it permanently on the blockchain.
Like other cryptocurrencies, Ethereum transactions have variable fees that are higher for transactions which require more permanent space on the blockchain. By reducing the amount of permanent storage each layer 2 transaction uses, proto-danksharding has lowered transaction fees for layer 2 Ethereum transactions.
Those who are unfamiliar with Ethereum's supply rules may not immediately see the connection between transaction fees falling and Ethereum's supply increasing. After all, Bitcoin's supply rules are more well-known, and they simply allow a fixed amount of new Bitcoin to be issued at regular intervals that were determined in 2009.
Ethereum's supply rules are more complicated because the overall supply varies based on multiple factors including transaction fees. Like Bitcoin, Ethereum issues some new supply to reward validators who secure the network. The specific amount of new supply issued varies depending on how much Ethereum is staked by validators.
To offset this new supply, some of the transaction fees paid by Ethereum users are "burned" or destroyed. If transaction fees are high enough, the Ethereum being burned will more than offset the amount of new supply issued. This leads to a deflationary supply.
On the other hand, if transaction fees are low, then the amount of Ethereum burned will be lower than the amount of new supply issued to validators. This results in an inflationary supply.
When proto-danksharding caused a large drop in transaction fees, it reduced the amount of Ethereum being burned. In turn, this caused Ethereum's recent supply inflation.
Lower transaction fees should be a net positive for Ethereum users because it reduces the overhead cost of performing transactions. This makes transactions more cost-effective overall, and is especially impactful for frequent and low-value transactions.
ycharts
The above chart shows Ethereum daily transactions over the past year. Overall, it's been very stable at about 1.1 million transactions per day - even after the Dencun upgrade in March. However, this doesn't mean the Dencun upgrade failed. The above chart only considers "layer 1" transactions, which are pretty much capped at this point due to space constraints on the Ethereum blockchain. The Dencun upgrade targeted "layer 2" transactions, which bundle many users' transactions into a single "layer 1" transaction to save space and reduce transaction fees.
There are many "layer 2" networks built on top of Ethereum, but we can see that the most popular ones began processing significantly more transactions starting in March:
theblock.co
As shown in the above chart, Arbitrum's average daily transaction volume more than doubled from less than 1 million transactions before the Dencun upgrade to over 2 million afterward. Base experienced an even larger increase and recently processed over 3 million transactions in a day. While that's still only about 1% of the volume of a large payment processor like MasterCard, it's an impressive increase in a short amount of time.
Based on these metrics, we can conclude that the Dencun upgrade's lower transaction fees have already been a net positive for Ethereum users. Thanks to these lower fees, people can transact more frequently and economically.
Ethereum's current inflation rate is negligible from an investment perspective. While Ethereum technically used to be deflationary, it was barely noticeable; Ethereum's overall supply has fluctuated by less than 1% since 2022's switch to proof of stake. And since the March Dencun upgrade, Ethereum's supply has inflated by only 0.1%. That's less than 1% inflation on an annual basis, which is lower than the average inflation rate of traditional stores of value like gold and silver.
Moreover - unlike with gold, silver, or even Bitcoin - investors can stake their Ethereum to earn a yield that offsets inflation. Even if one uses an expensive centralized staking service like Coinbase, they should be able to earn about a 2.5% annual yield. This is more than enough to offset 1% supply inflation.
Even those who don't stake their Ethereum could theoretically benefit from the Dencun upgrade if lower transaction fees lead to more demand for Ethereum. This increased demand could offset dilution from inflation. Considering its relatively stable supply, the Ethereum bull thesis has always been more about increased adoption (and perhaps weakness in the USD) than about deflation.
While the switch to inflation should theoretically have little to no impact on the Ethereum bull thesis, investors are not always rational. After Ethereum was marketed as a deflationary asset for the past two years, some investors may view the switch to inflation as a failure of their investment thesis.
At a minimum, it's fair to say that Ethereum's supply rules are proving to be more complex and unpredictable than some investors might have expected. For example, while Ethereum could end up being deflationary again in the future if users place significantly more transactions, it's virtually impossible to predict if or when this will happen.
Ethereum's switch from deflation to inflation is an interesting development that's worth understanding. This article showed how Ethereum's supply works and why the Dencun upgrade caused it to become inflationary. However, in the big scheme of things, this is a relatively minor development that shouldn't change the long term outlook for Ethereum bulls. Bulls should instead turn their attention towards larger developments such as new functionality enabled by the Dencun upgrade, plans for similar upgrades in the future, and the upcoming Ethereum ETFs.
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Ethereum Becomes Inflationary (Again): What It Means For Investors (ETH-USD) - Seeking Alpha
NFT market roundup: Ethereum, Solana dominate, CryptoPunks lead the pack – crypto.news
In the week ending July 6, the NFT market finally hit a green patch, with impressive sales volumes across the Ethereum (ETH) and Solana (SOL) blockchains. Heres a detailed look at the weeks top performers and trends.
Looking at data from Crypto Slam, Ethereum led the NFT sales volume charts this week, amassing a staggering $44.3 million. This total included $36.77 million in direct sales and an additional $7.538 million from wash trading, affirming Ethereums stronghold in the NFT ecosystem.
The direct sales numbers were a 15.66% improvement from the previous week, although total sales were still down more than 8%.
Solana followed, leveraging its fast and cost-effective transactions to achieve $24 million in sales, which was a 34.3% increase from last weeks figures. Of the amount, $22.4 million came from direct transactions and $1.6 million from wash trading.
Interestingly, the wash trading on Solana went up by more than 83%, with the direct sales also reflecting a 31% improvement from the previous week.
Bitcoin (BTC), known primarily for its cryptocurrency dominance, recorded $15.886 million in sales a 14.51% drop from the week ending June 30. The amount included $15.63 million from direct sales and a modest $255,349 from wash trading.
Despite a scalable platform, Polygon (MATIC) had a poor week, generating only $20.11 million in sales, split between $12.03 million in direct sales and $8.08 million from wash trading. The figure represented a dip of more than 18% from the prior week.
Mythos Chain (MYTH) rounded out the top five. It recorded $3.80 million in sales. The majority of this, $3.79 million, came from direct transactions, with minimal wash trading, reflecting a stable growth in its user base.
Among the top NFT collections by sales volume, DMarket on the Mythos Chain led with $3.53 million in sales, spread across 153,277 transactions involving 11,568 buyers and 9,295 sellers. However, the amount was nearly 16% lower than last weeks haul.
Ethereums Pudgy Penguins closely followed with $3.45 million, achieved through only 99 transactions, highlighting the high value of each trade.
Solanas DogeZuki Collection earned $3.19 million in sales from 73,404 transactions, showcasing its popularity among collectors. Another Solana collection, Mad Lads, recorded $3.12 million in sales through 239 transactions, indicating a high level of engagement.
The iconic Bored Ape Yacht Club (BAYC) on Ethereum rounded out the top five with $2.57 million in sales from 83 transactions, maintaining its elite status in the NFT world.
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NFT market roundup: Ethereum, Solana dominate, CryptoPunks lead the pack - crypto.news
Ethereum, Dogecoin and Five Additional Altcoins Flashing Short-Term Bullish Signal, According to Santiment – The Daily Hodl
Prominent crypto analytics firm Santiment is unveiling a list of large-cap altcoins that may see short-term rallies following last weeks correction.
The crypto insights firm says on the social media platform X that the Market Value to Realized Value (MVRV) metric of seven altcoins has dropped to negative territory.
The MVRV is the ratio of a digital assets market capitalization relative to its realized capitalization or the value of all the coins at the price they were bought. When the MVRV value drops below zero, it indicates that the coin is currently oversold or undervalued.
Says Santiment,
The lower a coins 30-day MVRV is, the less risk there is in opening or adding on to your position for a shorter-term time frame.
According to the analytics firm, top memecoin Dogecoin (DOGE) offers the least risk among notable large-cap crypto assets with an MVRV value of -19.7%. The meme token is followed by the decentralized exchange Uniswap (UNI) and the peer-to-peer payments network Litecoin (LTC) with MVRV values of -16.3% and -15%, respectively.
The leading smart contract platform Ethereum (ETH) sits at number four with an MVRV score of -13.2%. The decentralized oracle network Chainlink (LINK) takes the fifth spot with an MVRV value of -11.1% followed by XRP with a score of -10.1%.
In seventh place is the Ethereum rival Cardano (ADA) with an MVRV value of -9.9%.
Santiment notes that the only exception among large-cap altcoins is the layer-1 protocol Toncoin (TON) which has an MVRV score of +4.0%.
As for Bitcoin (BTC), the crypto king is flashing an MVRV score of -9.64%.
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Crypto: Ethereum Drops Despite Growing Interest in ETFs in the United States! – Cointribune EN
Sun 07 Jul 2024 3 min of reading by Eddy S.
A recent survey highlights a fascinating trend: Americans interest in Ethereum-based exchange-traded funds (ETFs) is on the rise! If the SEC approved the launch of an Ethereum ETF, nearly a quarter of voters would consider investing in this crypto.
The launch of an Ethereum ETF in the United States could boost investments in digital assets. Although the future of these ETFs is uncertain, their introduction could accelerate the maturity of the crypto market and its widespread adoption.
The arrival of an Ethereum ETF could broaden the interest in cryptocurrencies beyond Bitcoin. In the crypto market, anticipation is rising around the launch of the Ethereum ETF, likely scheduled for July 15. This crucial step could trigger a wave of investments and mark a historic milestone in the adoption of cryptocurrencies. Experts predict a massive influx of capital, with estimates reaching up to $15 billion in the first few months. If the SEC gives its green light, this event could not only validate Ethereum as a major investment asset but also open the door to a new era of blockchain-based financial products.
Crypto is gaining importance among American voters. Since the beginning of the year, a third of likely voters are more receptive to crypto, and 47% believe it will eventually be part of their investment portfolio.
Despite the excitement generated by the imminent launch of Ethereum ETFs, ETH crypto is currently experiencing a significant drop of 1.72% in the last 24 hours and is trading around $3,014. After losing a key support, Ethereum risks falling even further, with short-term forecasts seeing a drop to $2,900.
The Ethereum ETF represents a major opportunity for the crypto market, attracting the attention of traditional investors and voters. With growing interest in emerging technologies and the anticipation of clear regulation, the future of Ethereum ETFs is promising. It could mark a major turning point in digital investment in the United States.
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Le monde volue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto la base, je m'intresse tout ce qui touche de prs ou de loin la blockchain et ses drivs. Dans l'optique de partager mon exprience et de faire connatre un domaine qui me passionne, rien de mieux que de rdiger des articles informatifs et dcontracts la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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Crypto: Ethereum Drops Despite Growing Interest in ETFs in the United States! - Cointribune EN
ETF Store President Expects Ether ETF Launch Within Two Weeks – DailyCoin
If the launch of U.S. spot Bitcoin exchange-traded funds in January embodied a watershed moment for the crypto industry, the debut of spot Ether ETFs on Wall Street could be nothing short of revolutionary.
Following the Securities and Exchange Commissions (SEC) approval of all Ether ETFs in total pivot on May 23, the President of The ETF Store, Nate Geraci, believes the funds could be listed and traded this month.
In an X (formerly Twitter) post on July 7, Geraci said that he would be shocked if spot Ether ETFs are not listed for trading within the next two weeks.
When asked why he suggested the week of July 15 as the likely timeline for the Ether ETF launch, the ETF Store president said the forecast was based on the timing of filings with the securities watchdog.
Geracis comment comes as observers continue to speculate what the potential launch of Ethereum ETFs means for the crypto industry and whether the funds would emulate the success of Bitcoin ETFs.
For some, the arrival of these funds on Wall Street could help drive far more mainstream acceptance of the underlying crypto asset, given that over 10,000 projects have been built on the Ethereum blockchain.
Others, like Andrew Kang, founder of Mechanism Capital, believe that the funds may not be as successful as Bitcoin ETFs. According to Kang, Ether ETFs will likely attract 15% of the flows that spot Bitcoin ETFs have seen.
Read about other Ether ETF key date predictions:Ethereum ETF Key Dates Predicted Ahead of Trading Day Debut
Stay updated on Thailands first spot Bitcoin ETF:Thailand Approves First Spot Bitcoin Exchange-Traded Fund (ETF)
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ETF Store President Expects Ether ETF Launch Within Two Weeks - DailyCoin
Ethereum will outperform Bitcoin after ETF launch K33 Research – Cointelegraph
The launch of spot Ether exchange-traded funds (ETFs) could see the cryptocurrency outperform Bitcoin in the weeks after they go live in the United States, say K33 Research analysts.
The ETFs, expected to launch as soon as July 8, are a golden egg for Ether (ETH)price action, while Bitcoin (BTC)is set to face sell pressure as $8.5 billion worth is returned to creditors of collapsed exchange Mt. Gox starting this week, K33 analysts Vetle Lunde and David Zimmerman said in a July 2 report.
Ether has underperformed relative to Bitcoin for over a year, with BTC posting market-leading gains bolstered by over $14 billion in flows to its spot ETFs in 2024.
Lunde and Zimmerman said its reasonable to expect the price of ETH to stumble immediately following the launch of the ETFs but noted that much like what later happened with Bitcoin inflows to the spot funds would likely bolster ETHs price.
ETFs are a solid catalyst for relative ETH strength as the summer progresses and flows accumulate, and I firmly view current ETH/BTC prices as a bargain for the patient trader, Lunde wrote.
The analysts said the market still stubbornly disagrees with their position, pointing to Ether futures trading at a relative discount to Bitcoin futures and the price of ETH relative to the price of Bitcoin trading at a rate of 1 ETH to 0.055 BTC.
Related: Bitcoin traders say BTCs trend change potential rests at $65K
For the past 12 months, ETHs value has been charting a steady decline compared to Bitcoin, falling to a yearly low of 0.045 on May 24.
The price of Ether relative to Bitcoin reversed quickly following the SECs sudden decision to approve Ether ETFs,which surprised analysts and saw ETH/BTC tick up to its present value of 0.055, according to TradingView data.
Despite this, Lunde and Zimmerman said Ether futures open interest was relentless, showing that many traders are taking on high amounts of leverage to bet on ETHs potential price action heading into the launch of the ETFs.
X Hall of Flame: Ethereums recent pullback could be a gift Dynamo DeFi
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Ethereum will outperform Bitcoin after ETF launch K33 Research - Cointelegraph
Here’s How Ethereum ETFs Will Disrupt the Crypto Market – Cointribune EN
Sun 07 Jul 2024 5 min of reading by Mikaia A.
Ethereum ETFs are about to get SEC approval, marking a major turning point in the crypto world. Even Gary Gensler, the SEC Chairman, seems to be in favor of this development. Discover how this approval could shake up the crypto markets and what it means for investors, according to John Glover, Chief Investment Officer at Ledn.
Even Gary Gensler, the SEC Chairman, is not against Ethereum ETFs. This says a lot about the evolution of cryptocurrency regulation. Gensler, known for his caution, recognizes the growing importance of crypto assets in the global financial system.
It seems that the era of Ethereum ETFs is imminent.
John Glover, Chief Investment Officer of Ledn, views this positively. According to him, the approval of ETH ETFs could not only legitimize Ethereum as an investment asset but also catalyze a new wave of institutional investments.
Glover highlights that the approval of ETH ETFs could attract new investors who were previously hesitant to enter the crypto market.
He also anticipates an increase in liquidity and price stability thanks to a better market structure.
Furthermore, he sees this development as a way to reduce the often-criticized volatility of cryptos.
This optimistic outlook comes with many expectations and fears.
If the approval of Ethereum ETFs materializes, it could very well mark the beginning of a new era where crypto assets are more seamlessly and securely integrated into traditional investment portfolios.
The arrival of Ethereum ETFs could significantly shake up the crypto ecosystem. John Glover explains that the impact of these ETFs on the market could be twofold.
Firstly, they could bring a new wave of legitimacy to Ethereum, encouraging financial institutions to invest. Glover compares this situation to the introduction of Bitcoin ETFs, which significantly increased institutional interest and Bitcoins price stability.
He believes that Ethereum ETFs could follow a similar trajectory, stimulating interest and confidence in Ethereum.
Secondly, Ethereum ETFs could improve market liquidity in the crypto space. Glover asserts that this could result in reduced price volatility, a point often cited by cryptocurrency critics.
With more liquidity, sudden and erratic price movements would become less frequent, making Ethereum a more stable and attractive investment for conservative investors.
Additionally, the increase in liquidity could facilitate large-scale transactions, making the crypto market more efficient.
Finally, Glover mentions that the approval of Ethereum ETFs could serve as a catalyst for other financial innovations in the crypto sector. For example, we could see the emergence of new financial products based on Ethereum, such as investment funds and more sophisticated derivatives.
This would help diversify and enrich the crypto ecosystem, attracting even more investors.
John Glover is adamant: the approval of Ethereum ETFs is good news for the future of Ethereum and the crypto market in general. According to him, this approval could trigger a series of positive market reactions. For instance, K33 Research predicts 4 billion dollars in inflows in just 5 months.
Firstly, it could reinforce Ethereums position as a safe haven in the crypto universe. Institutional investors, who have already begun to show interest in cryptocurrencies, might see Ethereum as a viable option to diversify their portfolios.
Glover also emphasizes that this dynamic could attract long-term investments, thereby increasing market stability. He predicts a rise in Ethereum prices in the medium and long term, once the ETFs are launched and adopted by the market. And this despite the recent declines of the crypto prince.
For Glover, the diversification of financial products based on Ethereum could also pave the way for greater innovation in the sector, with increasingly tailored solutions to the needs of institutional investors.
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La rvolution blockchain et crypto est en marche ! Et le jour o les impacts se feront ressentir sur lconomie la plus vulnrable de ce Monde, contre toute esprance, je dirai que jy tais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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Here's How Ethereum ETFs Will Disrupt the Crypto Market - Cointribune EN
Ethereum Falls 10% In Bearish Trade By Investing.com – Investing.com
Investing.com - Ethereum was trading at $2,898.17 by 23:12 (03:12 GMT) on the Investing.com Index on Friday, down 10.25% on the day. It was the largest one-day percentage loss since November 9, 2022.
The move downwards pushed Ethereum's market cap down to $360.89B, or 17.62% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.
Ethereum had traded in a range of $2,896.05 to $3,108.66 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 12.95%. The volume of Ethereum traded in the twenty-four hours to time of writing was $20.66B or 21.95% of the total volume of all cryptocurrencies. It has traded in a range of $2,896.0498 to $3,522.0027 in the past 7 days.
At its current price, Ethereum is still down 40.42% from its all-time high of $4,864.06 set on November 10, 2021.
Bitcoin was last at $55,408.9 on the Investing.com Index, down 6.05% on the day.
Tether USDt was trading at $1.0002 on the Investing.com Index, a gain of 0.09%.
Bitcoin's market cap was last at $1,104.18B or 53.90% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $112.45B or 5.49% of the total cryptocurrency market value.
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Ethereum Falls 10% In Bearish Trade By Investing.com - Investing.com