Ether Financial News

Most cryptocurrencies fell on May 21 as the global crypto market cap fell by 3.23 percent to $1.24 trillion over the last day. On the other hand, the total crypto market volume over the last 24 hours fell 10.74 percent to $74.43 billion.

Crypto tokens have been tumbling for five consecutive days. Alogrand rallied a day after announcing that it would become the official blockchain platform of FIFA, soccer's world governing body. All major crypto tokens were trading lower on Wednesday. Ethereum, Terra, Avalanche, BNB, Solana, XRP dropped 2 per cent each, followed by a per cent fall in Bitcoin, Dogecoin and Cardano.

This cautiousness comes as the US central bank eyes a half-point interest rate hike on Wednesday. Barring the dollar-pegged USD Coin, Terra and Avalanche, all other crypto tokens were trading lower. Shiba Inu tumbled about 3 per cent, followed by a two per cent fall in Solana and Bitcoin each.

Barring the dollar pegged Tether, all other crypto tokens were trading higher. Terra rallied 6 per cent, whereas Shiba Inu and XRP jumped 5 per cent each. Solana zoomed 4 per cent. Bitcoin, Ethereum and BNB rose up to 3 per cent each. The global cryptocurrency market-cap was trading higher at the $1.74 trillion, gaining about 2 per cent in the last 24 hours. However, total cryptocurrency trading volume dropped about 7 per cent to $80.19 billion.

Bitcoin is not just the best-known cryptocurrency but also the oldest. Six years ago, Bitcoin dominated the crypto market with 81% share, but that has fallen to 41%. At $803 billion, Bitcoin is still the most valued token followed by the fast-emerging Ether — the currency of Ethereum platform — at $389 billion. What has driven Ether’s popularity? And where is it headed? Aseem Gujar & Partha Sinha find out… Bitcoin may be synonymous with crypto as it was designed as an independent virtual currency that could also be a hedge against inflation. To facilitate Bitcoin transactions, blockchain — distributed ledger technology — was developed by its anonymous creators in 2008. A teen, who was introduced to crypto by his father in 2011, realised that restricting blockchain to financial transactions was Bitcoin’s shortcoming and went on to conceptualise a new platform called Ethereum in 2014. Presented ByDid you Know?DeFi is enabling

Bitcoin on Tuesday held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping 27% since Russia's invasion of Ukraine. Bitcoin hit $48,234 on Monday evening, its highest since Dec. 31. It was last trading up 0.9% at $47,553. Its gains lifted smaller cryptocurrencies that tend to move in tandem with bitcoin. Ether, the second biggest token, hit $3,436 on Monday, its highest since early January.

Bitcoin climbed on Tuesday to its highest in almost three weeks, adding to its gains since Russia's invasion of Ukraine, pulling up smaller digital coins such as ether.

Ether has rallied nearly 14% in the past seven days.

I know NFT stands for nonfungible token. But what does it actually mean? Let's start with the words themselves. In economics, «fungible, is a term used for things that can be exchanged for other things of exactly the same kind. The U.S. dollar is fungible, because you and a friend can trade $1 bills, and each of you will still have the exact same spending power. Most cryptocurrencies are fungible, too — a bitcoin is a bitcoin, and it doesn't really matter which bitcoin you have. But most objects in the physical world, such as cars and houses, are nonfungible — meaning they have unique qualities, and you can't just exchange them for others of the same type. (You might be willing to swap your 2020 Honda Civic for another 2020 Honda Civic, but the cars wouldn't be exactly the same, and you'd want to know what condition the other car was in before you'd agree to the trade.)

Bitcoin briefly spiked above $41,000 for the first time in a week, bringing the cryptocurrency out of its recent narrow trading range, as risk assets rebounded worldwide. The largest digital asset by market value jumped as much as 5.7% to $41,691 before paring its gains in early New York trading. It is down about 12% this year. Other tokens such as Ether and Solana also got a lift. Stocks rose, with Chinese equities rallying on a pledge by Beijing for policies to boost financial markets. “Whenever we see stock market relief, crypto tends to do well, especially lately,” said Marcus Sotiriou, an analyst at London-based digital asset broker GlobalBlock. “At the end of the day, the key driving force behind prices is macro, so I expect a struggle for a sustainable uptick.”

crypto donations, adding to crowdfunding efforts that have raised more than $5 million in Bitcoin, Ether and other tokens since Friday. Ukraine’s official Twitter handle, as well an account belonging to the country’s Vice Prime Minister Mykhailo Fedorov, shared details of the crypto wallets on Saturday. Victor Zhora, one of Ukraine’s top cyberdefense officials, confirmed to Bloomberg that the tweets and the wallet addresses were accurate. The addresses posted by these accounts have received hundreds of donations worth more than $3 million in less than 24 hours, according to transaction information available for the wallets and data from blockchain analytics firm Elliptic. The median donation was worth around $95, Elliptic co-founder Tom Robinson previously told Bloomberg News by email.

Stablecoins, which are virtual tokens pegged to traditional currencies such as the U.S. dollar, held gains on Thursday in the midst of a sell-off in risk assets such as stocks and bitcoin after Russia launched a full-scale invasion of Ukraine. Most stablecoins were slightly higher on the day. Their market capitalization was up 0.3% at $182.5 billion, according to cryptocurrency data tracker coinmarketcap.com. Its daily trading volume, though, surged 75% to $108.1 billion. In contrast, both bitcoin and ether dropped to one-month lows. Bitcoin was last down 3.1% at $36,121, while ether slid 4.1% to $2,475, following Russia's invasion.

Barring meme tokens like Shiba Inu and Dogecoin, all other top digital tokens were trading with cuts in early trade on Monday. Dogecoin and Shiba Inu jumped marginally, whereas XRP and Solana dropped up to 5 per cent. While Bitcoin’s price has meandered the last few days, the largest cryptocurrency by market value has staged a modest under-the-radar recovery from its wintertime swoon.

Bitcoin rose to a four-week high on Monday, climbing for a second consecutive session, driven in part by liquidation of some short positions that have accumulated in the virtual currency's recent three-month downtrend. The world's largest cryptocurrency hit $44,524.18, the highest since mid-January. It was last up 3.8% at $44,024. Since hitting a roughly six-month low on Jan. 24, bitcoin has gained about 35%.Ether, the second-largest digital currency in terms of market capitalization, touched a three-week peak of $3,180 and was last up 3.1% at $3,153.21. It dropped to a six-month trough in late January, but since then, ether, the token used for the Ethereum blockchain, has surged about 47%.

Barring the US dollar-pegged USD Coin, all of the other nine out of the top-10 digital tokens were trading higher during the trade. Terra and Solana zoomed up to 7 per cent, followed by Ethereum which posted decent gains. The global crypto market cap added more than a per cent to $1.78 trillion. However, the total crypto market volume dipped almost 3 per cent to $65.48 billion.

All of the top-10 digital tokens were trading higher during the trade on Tuesday. Terra zoomed 17 per cent, followed by a 13 per cent rise in Solana and a 10 per cent jump in Polkadot. The global crypto market cap jumped almost about 5 per cent to $1.75 trillion. However, the total crypto market volume tanked more than 13 per cent to $63.80 billion.

blue chip cryptos such as Bitcoin, Ether and Cardano. All the three cryptocurrencies saw a spurt in volumes across Indian exchanges in the last few weeks and registered a high on Thursday and early Friday, say industry trackers. “The trading volumes in terms of quantity have increased for Bitcoin and Ether as there have been some price corrections. Our platform attracts infrequent traders and holders. It has stood true during correction times as well,” said Sathvik Vishwanath, Co-founder and CEO Unocoin, a cryptocurrency exchange.

Graham Friedman, a self-described crypto evangelist, is among them. Friedman put up more than $20,000 of his own money to buy one wolf and one sheep — or, rather, unique digital images of them called nonfungible tokens. «I'm like, dude, the narrative is so cool, said Friedman, a director at Republic Crypto, a digital asset strategy company. „I'm here for the waltz.,

cryptocurrency market is known to go through volatile cycles of correction. This past week was one such deep correction with double-digit declines. From a technical perspective, the cryptocurrency market could be headed for a further dip. Bears are pretty active currently. Although it could seem to be a tight spot for several investors, it’s important to understand that true value creation happens during bear phases. Most of the top cryptos would be available at a discount currently. Investing in themes built around ideas could be a prudent approach forward. The largest cryptocurrency by market capitalisation, Bitcoin, climbed up in its market dominance. BTC dominance is now over 41% of the total crypto market cap of roughly $1.6 trillion.

Bitcoin sliding 4% and Ether down some 7% in late-afternoon US trading after an already brutal week. Bitcoin, the largest cryptocurrency by market value, traded at about $35,300 as of 4:15 p.m. It earlier touched $34,042.77, representing a loss of more than 50% from its all-time high last November. And it’s not alone: As crypto traders reacted this week hawkish signals from the Fed as well as fresh regulatory hints by the White House and the threat of an outright ban in Russia, the declines in Ether — the second-largest token — and in newer coins have outpaced Bitcoin’s fall. Over the past seven trading days, Bitcoin has shed around 20% of its value compared with nearly 30% for Ether. Solana’s SOL and DeFi-play Avalanche’s AVAX token have fallen nearly 38% each. And the wipeout in memecoins has been profound: Dogecoin is down 30% on the week while Shiba Inu is off 38%, according to CoinMarketCap.

On Christmas eve, the value of Bitcoin rose to $51,000 (roughly Rs. 38.27 lakhs) and touched its highest level in more than two weeks. The world's largest and oldest cryptocurrency has risen by about four percent in the past couple of days.