Ether Financial News

Cryptoverse: Ether snaps at bitcoin's heels in race for crypto crown

The market competition between the top two cryptocurrencies, Bitcoin (BTC) and Ether (ETH), has continued to heat up as Ethereum has led the market in gains of recent. In August, the future market performance of ETH hit two historic benchmarks. 

Major cryptocurrencies were trading in red early on August 29 as the global crypto market cap declined a 1.08 percent to $957.05 billion over the last day. The total crypto market volume dropped 15.35 percent to $54.89 billion over the last 24 hours.

Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high.

Major cryptocurrencies were trading in green early on August 26 as the global crypto market cap increased 0.41 percent to $1.04 trillion over the previous day. On the other hand, the total crypto market volume over the last 24 hours declined 2.21 percent to $64.04 billion.

Major cryptocurrencies were trading in green early on August 25. The global crypto market cap was $1.03 trillion, a 1.33 percent increase over the previous day.

Major cryptocurrencies were trading flat early on August 24. The global crypto market cap was $1.02 trillion, a 0.08 percent increase over the previous day.

It looks like ethereum's mega-upgrade is happening. Finally.

Bitcoin rose 3.36% to $24,584.24 at 1707 GMT on Saturday, adding $798.93 to its previous close. Bitcoin, the world's biggest, best-known cryptocurrency, is up 39.7% from the year's low of $17,592.78, hit on June 18.Ether, the coin linked to the ethereum blockchain network,rose 0.61 % to $1,734.08 on Saturday, adding $10.46 to its previous close.

Major cryptocurrencies traded in the green early on July 31 as the global crypto market cap rose 0.23 percent to $1.10 trillion over the last day. On the other hand, the total crypto market volume dropped 22.63 percent to $76.84 billion over the last 24 hours.

Major cryptocurrencies traded in the green early on July 30. The global crypto market cap is $1.10 trillion, a 0.34 percent increase over the last day. The total crypto market volume over the last 24 hours is $99.57 billion, which is a 6.47 percent increase over the previous day.

Bitcoin rose 5.11% to $23,564.93 at 22:05 GMT on Tuesday, adding $1,145.77 to its previous close.

The cryptocurrency market has been nothing short of a financial soap opera in 2022, and the drama continued this week when the lender Celsius Network filed for bankruptcy protection. Yet there is one important place where the drama has cooled off noticeably: the actual prices of the largest digital tokens themselves.

Major cryptocurrencies traded in the green early on July 16. The global crypto market-cap rose by 0.71 percent to $929.85 billion over the last day. The total crypto market volume dropped 9.88 percent to $64.00 billion over the last 24 hours.

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Major cryptocurrencies traded in the red early on June 14 as the global crypto market cap declined 13.74 percent to $895.36 billion over the last day. On the other hand, the total crypto market volume jumped 60.75 percent to $149.45 billion over the last 24 hours.

The total volume in Defi stood at $7.02 billion, 10.48 percent of the total crypto market 24-hour volume. The volume of all stable coins was at $57.81 billion, which is 86.23 percent of the total crypto market's 24-hour volume.

Major cryptocurrencies traded in the green early on June 4 as the global crypto market cap decreased 3.50 percent to $1.22 trillion over the last day. Total crypto market volume over the last 24 hours declined 12 percent to $61.66 billion.

Major cryptocurrencies traded in the red early on June 2 as the global crypto market cap dropped 5.78 percent to $1.24 trillion over the last day. Total crypto market volume over the last 24 hours decreased 12.10 percent to $97.43 billion.

altcoins such as Ether, Solana and Avalanche take a beating. Traders are partially stumped, but for Ethereum, the signs of a lack of demand have been building for quite some time. The impact of the collapse of Terra, a blockchain ecosystem that supported one of the biggest experiments in decentralized finance, knocked an already bearish market into wild contagion this month. While Terra’s operators had passed a revival plan to start afresh on a totally new blockchain on Wednesday, investors in the rest of DeFi were less than convinced. A glitch in the process to make the Ethereum network less energy intensive added to the concern. “Bearish sentiment remains the theme for cryptos,” said Edward Moya, senior market analyst at Oanda. He noted that Ethereum’s growing list of competitors could make the fallout from unexpected hitches to its update, known as the Merge, particularly intense.

European Central Bank President Christine Lagarde said crypto-currencies are “based on nothing” and should be regulated to steer people away from speculating on them with their life savings.