Ethereum Price Financial News

cryptocurrency markets were trading in the red on Tuesday after the U.S. Securities and Exchange Commission (SEC) filed suit against Binance, accusing the exchange giant of violating securities laws. Bitcoin (BTC) declined 4% to $25,764, whereas Ethereum (ETH) was below the $1,850 level. BTC volume stood at approximately $20.32 billion, rising 76% in the last 24 hours. «The latest development between Binance and SEC has spooked the global crypto market resulting in a bloodbath across digital assets. The market will respond sharply as the Binance-SEC saga unfolds; we should brace ourselves for a choppy market in the coming weeks. Regulatory clarity is the need of the hour for the global crypto ecosystem,» Shivam Thakral, CEO of BuyUcoin, said. The world's biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao have been sued by the US Securities and Exchange Commission (SEC), which alleged in a June 5 court filing that the firm operated a «web of deception» that included artificially inflating its trading volumes and commingling customer funds.

Global investment firm VanEck expects the price of ETH to reach $11,800 by 2030, given that Ethereum achieves $51 billion in annual revenue in that year.

cryptocurrency markets were majorly trading mixed on Monday. Bitcoin, Ethereum, and BNB were trading with cuts, while XRP, Solana, and Tron were trading with gains. Bitcoin (BTC) fell 1.20% to $26,797, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $11.57 billion, falling 39.42% in the last 24 hours. «Crypto markets have continued to be tightly range-bound as overall market capitalization remained just below $1.2 trillion over the weekend, without any change in the last 24 hours. Investors are currently displaying a lack of initiation for trend control. It is because of this that we can expect the market to perform sideways till a prominent narrative picks up,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. The total volume in DeFi is currently $2.29 billion, 8.67% of the total crypto market 24-hour volume. The volume of all stablecoins is now $24.44 billion, which is 92.65% of the total crypto market 24-hour volume.

cryptocurrency markets were majorly trading lower in Thursday's trade amid concerns over the US debt ceiling. Bitcoin (BTC) declined 1.40% to $26,790, whereas Ethereum (ETH) was just above the $1,850 level. BTC volume stood at approximately $15.19 billion, falling 2.45% in the last 24 hours. «Bitcoin was under some selling pressure as the debt ceiling bill goes to the Senate for voting while rapidly changing economic conditions are pushing the investors away from riskier assets. The crypto market is expected to remain choppy in the coming weeks as the world is closely watching the decision on the US debt ceiling bill,» Shivam Thakral, CEO of BuyUcoin, said. The total volume in DeFi is currently at $2.57 billion, 8.06% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.54 billion, which is 92.78% of the total crypto market 24-hour volume.

cryptocurrency markets were trading in the red in Wednesday's trade. Bitcoin (BTC) fell 2.44% to $27,154, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $15.30 billion, rising 20.54% in the last 24 hours. «On Tuesday, Bitcoin reached the $28,000 mark but has since experienced a minor decline as investors kept an eye on developments regarding the debt ceiling deal. They also awaited a crucial House vote on the debt limit deal, which is scheduled for today,» Edul Patel, Co-founder and CEO at Mudrex said. «The price of BTC began a corrective downward movement after failing to surpass the resistance zone at $28,500. Presently, the immediate resistance on the upside lies around the $27,850 level, while support is found at $27,500,» Edul added. The total volume in DeFi is currently $2.62 billion, 7.68% of the total crypto market 24-hour volume. The volume of all stablecoins is now $31.64 billion, which is 92.6% of the total crypto market 24-hour volume.

cryptocurrency markets were trading mixed on Tuesday. XRP, Solana, and Litecoin were trading with gains, while Bitcoin, Ethereum, and BNB were trading with cuts. Bitcoin (BTC) fell 0.71% to $27,805, whereas Ethereum (ETH) was just above the $1,900 level. BTC volume stood at approximately $12.73 billion, falling 20.53% in the last 24 hours. "Bitcoin price started a decent increase above the US$28,000 resistance zone on Monday. However, it has since declined by over 1% and is trading at the US$27,700 level. An upside break above US$28,000 might send the price toward BTC's next resistance at US$28,500. If BTC's price fails to clear the US$28,000 renaissance, it could continue to move downwards towards US$27,580," Edul Patel, Co-founder and CEO at Mudrex, said. The total volume in DeFi is currently $2.24 billion, 8.05% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.50 billion, which is 91.76% of the total crypto market 24-hour volume.

Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver claimed that Ethereum, not Bitcoin, will be responsible for driving the bulk of new users towards crypto. 

cryptocurrency markets were trading higher on Monday amid optimism over the US debt ceiling deal. Bitcoin (BTC) rose 2.55% to $27,927, while Ethereum (ETH) was above the $1,900 level. «Most cryptocurrencies traded in green over the weekend after markets reacted to the White House announcing that a deal to avert a debt ceiling crisis has been reached on one side and the release of higher-than-expected latest personal consumption data from the US on the other side,» Edul Patel, Co-founder and CEO at Mudrex, said. «Currently, Bitcoin is seen trading above the US$28,000 level gaining over 3% in the past 24 hours and erasing its weekly losses. If BTC can clear the US$28,500 resistance zone, it might continue higher soon,» Edul added. The total volume in DeFi stood at 2.30 billion, 6.83% of the total crypto market 24-hour volume. The volume of all stablecoins is now $30.6 billion, which is 91.07% of the total crypto market 24-hour volume.

cryptocurrency markets were majorly trading higher on Friday amid positive weekly unemployment data in the US. Bitcoin (BTC) rose 0.93% to $26,450 whereas Ethereum (ETH) was above the $1,800 level. BTC volume in the last 24 hours stood at approximately $12.66 billion, down 20.62%. «Crypto markets have traded sideways in the last 24 hours. The slight increase could be attributed to positive weekly unemployment data in the US,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Crypto markets seem to be in a holding phase currently wherein investors are awaiting a clear resolution on US’ debt ceiling conversations, Parth added. Other top crypto tokens were also trading higher on Friday. Litecoin surged nearly 2%. Ethereum, Polygon, and XRP were also trading higher.

cryptocurrency markets were trading in the red on Thursday amid concerns over US debt ceiling talks as a critical deadline nears without an agreement. Bitcoin (BTC) fell 1.88% to $26,241, whereas Ethereum (ETH) was below the $1,800 level. BTC volume in the last 24 hours stood at approximately $16.19 billion, rising 30.23% in the last 24 hours. «Most cryptocurrencies traded in red as investors worried over rising concerns over the U.K. inflation on one side and the U.S. debt ceiling stalemate developments on the other. The release of the most recent FOMC minutes later in the day, showing U.S. central bankers divided on a continuation of interest rate hikes, did little to boost market confidence,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower on Thursday. Litecoin declined nearly 4%. Cardano, BNB, Polkadot and Shiba Inu were also trading lower. The total volume in DeFi is currently 2.45 billion, 6.88% of the total crypto market 24-hour volume. The volume of all stablecoins is now $33.26 billion, which is 93.22% of the total crypto market 24-hour volume.

cryptocurrency markets were trading in the red on Friday. Bitcoin (BTC) fell 1.13% to $26,908, whereas Ethereum (ETH) was above the $1,800 level. BTC volume stood at approximately $14.9 billion, falling 0.58% in the last 24 hours. «Bitcoin experienced a reversal, dropping to the US$26,700 level after reaching US$27,400 the previous day. The decline can be attributed to investor concerns surrounding ongoing debt ceiling talks in Washington, D.C., and regulatory developments,» Edul Patel, Co-founder and CEO at Mudrex said. Other top crypto tokens were also trading lower. Solana and Cardano declined nearly 2%. Ethereum, BNB, Polkadot and Litecoin were also trading lower. The total volume in DeFi is currently 2.02 billion, 6.40% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.18 billion, which is 92.43% of the total crypto market 24-hour volume.

cryptocurrency market was majorly trading higher on Thursday amid improved sentiment on progress in debt ceiling negotiations in the United States. Bitcoin (BTC) rose 0.90% to $27,230, whereas Ethereum (ETH) was just above the $1,800 level. BTC volume in the last 24 hours stood at approximately $15.1 billion, rising 23.23% in the last 24 hours. «Bitcoin (BTC) got a healthy bounce overnight as prospects of a successful US debt ceiling raise positively influenced financial markets. It continues to trade just above the $27,000 level and will likely have a renewed attempt at $30,000 in coming weeks,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. Other top crypto tokens were also trading higher on Thursday. Polygon surged nearly 3%. Cardano, Dogecoin, Polkadot and Litecoin were also trading with gains.

cryptocurrency markets were trading mixed on Wednesday on weak global cues amid debt ceiling negotiations in the US. XRP, Dogecoin, and Litecoin were trading with gains, while Bitcoin, Ethereum, and BNB were trading with cuts. Bitcoin (BTC) fell 1.39% to $26,851, whereas Ethereum (ETH) was just above the $1,800 level. BTC volume in the last 24 hours stood at approximately $12.14 billion, falling 2.93% in the last 24 hours. «Bitcoin traded flat in the past 24 hours as investors might be closely monitoring the attention on the debt ceiling negotiations in Washington. BTC has been seen changing hands between US$26,800 and US$27,400 levels,» Edul Patel, Co-founder and CEO at Mudrex, said. The total volume in DeFi is currently 2.11 billion, 7.45% of the total crypto market 24-hour volume. The volume of all stablecoins stood at $25.79 billion, which is 91.17% of the total crypto market 24-hour volume.

cryptocurrency markets were majorly trading in the red on Tuesday. Bitcoin (BTC) fell 1.22% to $27,043, whereas Ethereum (ETH) was just above the $1,800 level. BTC volume stood at approximately $13.2 billion, rising 9.41% in the last 24 hours. «After a day of upward trend, crypto markets have been under minor selling pressure in the last 24 hours. Bullish sentiments seem to be gradually restoring as the crypto fear and greed index stands at 54, up 4 points from yesterday. The crypto-cautious investors, however, continue to observe from the sidelines,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Other top crypto tokens were also trading lower. Solana and Polkadot declined by over 2%. BNB, Polygon, and Dogecoin were also trading with cuts.

cryptocurrency markets were trading higher on Monday amid encouraging macro factors and under-control inflation. Bitcoin (BTC) rose 1.82% to $27,335, whereas Ethereum (ETH) was above the $1,800 level. BTC volume stood at approximately $11.9 billion, rising 25.5% in the last 24 hours. «Bitcoin recovered a bit, gaining over 1% in the past 24 hours after experiencing a downward trend the last week due to industry-focused and macroeconomic uncertainties. BTC’s immediate resistance is at US$27,400 and then US$27,800 which might start a decent increase. Whereas the support lies at US$27,000,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher on Monday. Litecoin Surged by over 7%. BNB, Polygon, Dogecoin and Solana were also trading with gains.

The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57, established four days ago.

cryptocurrency markets were trading in the red on Friday. Bitcoin (BTC) declined 5% to $26,163, whereas Ethereum (ETH) was below the $1,750 level. BTC volume in the last 24 hours stood at approximately $18.2 billion, falling 12.6% in the last 24 hours. «BTC came under selling pressure, falling by over 7% last week, and is now trading lower than the psychologically important $27k level. Multiple factors are being speculated as the reasons behind the fall in prices, including increasing network congestion, rising transaction fees, and even an incorrectly tagged US Government wallet dumping a large position in a huge sell order on Wednesday,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Other top crypto tokens were also trading lower on Friday. Polygon declined by over 4%. BNB, Litecoin, Dogecoin and Solana were also trading with cuts.

cryptocurrency markets were trading mixed on Thursday after the consumer price inflation in April rose at a slower-than-expected pace. Cardano, Solana, and Polkadot were trading with gains, while Bitcoin, Ethereum, and Polygon were trading with cuts. Bitcoin (BTC) declined 0.37% to $27,537, whereas Ethereum (ETH) was below the $1,850 level. Meanwhile, BTC volume stood at approximately $20.82 billion, rising 53.29% in the last 24 hours. «The crypto market remained almost flat as encouraging CPI data showed that inflation is cooling down and we can expect relaxation of monetary policies in the future,» Shivam Thakral, CEO of BuyUcoin, said. “Historically, BTC volatility increases around the inflation data release and we can see some fluctuations later today or during the week,” Thakral added.

cryptocurrency markets were trading in the red on Tuesday ahead of US inflation data. Bitcoin (BTC) declined 2.14% to $27,580 and Ethereum (ETH) was below the $1,850 level. BTC volume stood at approximately $17.73 billion, rising 32.6% in the last 24 hours. «Bitcoin (BTC) has dropped 7% since Saturday as reports of network congestion and pausing of BTC withdrawals subsequently by Binance has led to market speculation. However, price action continues to demonstrate strong consolidation as we anticipate a rebound later this week. US CPI inflation data will be key to holding this market structure,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. Other top crypto tokens were also trading lower. Polygon declined by over 4%. Litecoin, Dogecoin and XRP were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.14 trillion, falling 1.73% in the last 24 hours.

cryptocurrency markets were trading mixed on Wednesday ahead of the US CPI data later in the day. Bitcoin (BTC) rose 0.45% to $27,622, whereas Ethereum (ETH) was just below the $1,850 level. Meanwhile, BTC volume in the last 24 hours stood at approximately $13.72 billion, falling 22.75% in the last 24 hours. «Bitcoin traded sideways in the past 24 hours. BTC's price started to recover as the blockchain congestion eases. On the other hand, investors are awaiting the CPI inflation, which is set to be released today,» Edul Patel, CEO and Co-Founder of Mudrex, said. BTC is currently trading at the $27,600 level and facing resistance near the US$28,000 zone, Edul said.

cryptocurrency markets were trading in the red on Monday after a better-than-expected April US jobs data. Bitcoin (BTC) fell 2.81% to $28,171, whereas Ethereum (ETH) was below the $1,900 level. BTC volume in the last 24 hours stood at approximately $13.28 billion, falling 11.59% in the last 24 hours. «After the US Job growth remained strong in April, Bitcoin rose to US$29,800 on Saturday. However, Bitcoin and Ethereum fell in the past 24 hours following Binance halting Bitcoin withdrawals for the second time in a day, citing large volumes,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.16 trillion, falling 2.53% in the last 24 hours. The total volume in DeFi is currently 2.82 billion, 8.45% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.28 billion, which is 87.74% of the total crypto market 24-hour volume.