Ethereum Price Financial News

cryptocurrency markets were trading higher in Wednesday's trade. Bitcoin (BTC) rose 1.67% to $28,234, whereas Ethereum (ETH) was above the $1,800 level. BTC volume in the last 24 hours stood at approximately $34.56 billion, falling 16.49%. «Bitcoin is trading above $28,000 ahead of the crucial Fed meeting amidst the ongoing banking crisis in the US. If the Fed decides to hike the interest rate, there may not be a knee-jerk reaction from the markets, as investors are anticipating a rate hike of 25 basis points. In case of no rate hike by the Fed, we can expect the upward trend to continue in the coming weeks,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher. XRP zoomed over 20%. Dogecoin, Shiba Inu, Cardano and BNB were also trading with gains. The global cryptocurrency market cap was trading higher around $1.18 trillion, rising 2.43% in the last 24 hours. The total volume in DeFi is currently 5.18 billion, 7.83% of the total crypto market 24-hour volume. The volume of all stablecoins is now $60.33 billion, which is 91.16% of the total crypto market 24-hour volume.

Arbitrum developers announced an airdrop of its governance token, ARB, to eligible users and DAOs on the Ethereum Layer-2 platform. An average user received around 625 ARB tokens, which corresponds to around $625 to $1,250, according to pre-launch trading prices and popular estimations.

cryptocurrency markets were trading marginally lower today. Bitcoin (BTC) was below the $27,800 level, whereas Ethereum (ETH) was below the $1,750 level. Meanwhile, the global cryptocurrency market cap was trading lower around $1.15 trillion, falling 0.64% in the last 24 hours. «Most cryptocurrencies slipped late Monday as investors await Wednesday's US central bank's next interest rate decision. Bitcoin traded above the $28,000 level on Monday after the US Federal Reserve announced it had teamed up with five other major central banks to ensure the flow of the US dollar. However, it has since decreased slightly and is trading at the US$27,800 level,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower on Tuesday. As of 11.40 am, Litecoin was trading over 4% down, while Polkadot, Shiba Inu and Dogecoin slipped over 2%.

Silicon Valley Bank on 10th March 2023, Bitcoin prices have zoomed nearly 40%. «The current BTC rally is driven by the importance of decentralised finance in the global financial system after a series of bank collapses in the US. Bitcoin being the torch bearer of decentralised finance is witnessing a demand from retail and institutional investors amidst the banking chaos as BTC is being deployed as a shield against the ongoing crisis,» Dhruvil Shah, SVP of technology at Liminal, said. Meanwhile, Edul Patel, CEO and Co-Founder of Mudrex, said, «The collapse of SVB and Silvergate was like a Cyprus moment for crypto. As these crypto-friendly banks collapsed, much money flowed directly into the cryptocurrency ecosystem. And a chunk of the smart money usually flows into blue-chip cryptocurrencies, such as Bitcoin and Ethereum.» «With instability in the banking sector, inflation data that exceeded expectations, and renewed optimism about a dovish Federal Reserve, Bitcoin has reached levels unseen in approximately nine months,» Edul added.

cryptocurrency markets were trading mixed on Monday. Bitcoin, Solana and BNB gained, while Ethereum, Polygon and Shiba Inu were trading with cuts. «BTC broke above $28,000 briefly on Monday as the collapse of US banks like SVB and signature has rekindled the debate on the importance of DeFi and digital assets. Bitcoin is poised to test $30,000 very soon but may face some resistance at that level. The FOMC meeting this week will be a major market-moving factor,» Shivam Thakral, CEO of BuyUcoin, said. Edul Patel, Co-founder and CEO at Mudrex, said, «With instability in the banking sector, inflation data that exceeded expectations, and renewed optimism about a dovish Federal Reserve, Bitcoin has reached levels unseen in approximately nine months.» Bitcoin (BTC) rose 1.10% to $27,519, while Ethereum (ETH) was above the $1,750 level. The global cryptocurrency market cap was trading around $1.16 trillion, rising 0.13% in the last 24 hours.

cryptocurrency markets were trading higher in Friday's trade with crypto heavyweights like BTC and ETH leading the rally. Bitcoin (BTC) rose 5.45% to $25,906, whereas Ethereum (ETH) was above the $1,700 level. «Bitcoin is inching closer towards the $26,000 mark. Following the Arbitrum Airdrop announcement that came out yesterday evening, the sentiments across the crypto market took a positive turn. It is one of the biggest and most awaited events since the past several months,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. BNB and Polygon surged over 4%. Dogecoin, Solana and Shiba Inu were also trading with gains. Meanwhile, the global cryptocurrency market cap was trading higher around $1.11 trillion, rising 3.85% in the last 24 hours. The total volume in DeFi is currently 5.31 billion, 7.97% of the total crypto market 24-hour volume. The volume of all stablecoins stood at $63.35 billion, which is 94.99% of the total crypto market 24-hour volume.

cryptocurrency markets were trading mostly in the red in Wednesday's trade amid worries over bank industry turmoil in the US. Bitcoin (BTC) fell 1.52% to $24,532 whereas Ethereum (ETH) was below the $1,700 level. BTC volume in the last 24 hours stood at approximately $21.38 billion, falling 21.37% in the last 24 hours. «Bitcoin is currently trading at the US$24,000 level, experiencing a slight price decline from the previous day as market participants consider liquidity issues. Additionally, investors are analyzing the possibility of a European banking crisis resulting from concerns surrounding the often-embattled Credit Suisse,» Edul Patel, Co-founder and CEO at Mudrex, said. Shivam Thakral, CEO of BuyUcoin, said, «The latest developments at Credit Suisse may spook the global markets and spoil the crypto party in the coming weeks.»

cryptocurrency markets were trading higher in Wednesday's trade amid easing worries over bank industry turmoil and release of largely on-target US inflation data. Bitcoin (BTC) rose 1.95% to $24,943 whereas Ethereum (ETH) was above the $1,700 level. BTC volume in the last 24 hours stood at approximately $53.82 billion, rising 12.50% in the last 24 hours. «The UK government bailing out the Silicon Valley Bank has created a positive sentiment within the investment community and which may have increased buying activity. As per the latest data, US consumer inflation has slowed down but it’s still on the higher side which may drive Fed to continue its hawkish stance. If the macroeconomic factors continue to remain favourable then we may see Bitcoin testing $30,000 level very soon,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher. Dogecoin, Solana, Polygon and Polkadot were trading over 3% higher. Meanwhile, the global cryptocurrency market cap was trading higher around $1.10 trillion, rising 2.24% in the last 24 hours.

cryptocurrency markets were trading higher in Tuesday's trade. Bitcoin (BTC) rose 9.25% to $24,514 whereas Ethereum (ETH) was above the $1,650 level. BTC volume stood at approximately $48.26 billion, rising 39.89% in the last 24 hours. Meanwhile, the global cryptocurrency market cap was trading higher around $1.08 trillion, rising 5.11% in the last 24 hours. «In the last 24 hours, Bitcoin experienced a surge of almost 10%, surpassing the US$24,000 mark, following the announcement that U.S. regulators have backed Silicon Valley Bank and Signature Bank. This news has given investors, and traders hope that the banking sector's recent near meltdown will prompt the Federal Reserve to ease its monetary hawkishness. As a result, BTC has risen above a floor and reached a two-week high,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Dogecoin, Solana, Polygon and Polkadot were trading over 3% higher.

cryptocurrency markets were trading higher in Monday's trade following a report of the US government's plans to safeguard all depositors at Silicon Valley Bank, Meanwhile, the global cryptocurrency market cap was trading higher around $1.02 trillion, rising 7.63% in the last 24 hours. Bitcoin (BTC) rose 9.24% to $22,462 whereas Ethereum (ETH) was above the $1,600 level. BTC volume stood at approximately $34.89 billion, rising 39.84% in the last 24 hours. «The crypto market cap is back above the $1 trillion mark and BTC has surged by over 8% in the last 24 hours and is trading above the $22,300 mark. The positive mood of the market is mainly due to the federal regulators hinting towards recovering Silicon Valley Bank’s customer deposits. The news has uplifted the investor sentiment with a promise of more liquidity in the market,» Shivam Thakral, CEO of BuyUcoin, said.

cryptocurrency markets were trading in the red on Friday, with the crypto market cap declining over 6%. Bitcoin (BTC) fell 8.22% to $19,962 whereas Ethereum (ETH) was below the $1,450 level. BTC volume stood at approximately $35.99 billion, rising 65.73% in the last 24 hours. «The crypto market is feeling the heat from the collapse of pro-crypto Silvergate bank coupled with the hawkish stance taken by the US central bank. The contagion fears from the Silvergate fiasco are keeping the investors on their toes and the crypto community will closely watch the regulatory recourse around the same,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading lower. Tron declined by over 12%. Litecoin, Shiba Inu, Solana and Dogecoin were also trading with losses. The global cryptocurrency market cap was trading lower around $934.23 billion, falling 6.29% in the last 24 hours. The total volume in DeFi is currently 5.03 billion, 7.6% of the total crypto market 24-hour volume. The volume of all stablecoins is now $60.73 billion, which is 91.83% of the total crypto market 24-hour volume.

Staked Ether (ETH), liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there are a few paths through the ETH staking wilderness.

The Ethereum ecosystem will continue its ongoing metamorphosis as the highly anticipated Shanghai upgrade draws near. The latest preeminent smart contract blockchain protocol improvement will activate Ether (ETH) withdrawals from Ethereum’s Beacon Chain.

cryptocurrency markets were trading mixed on Thursday after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of further large rate hikes to tackle inflation. Bitcoin, Solana and Polygon were trading with cuts, whereas BNB, XRP and Shiba Inu were trading with gains. The global cryptocurrency market cap was trading lower around 996.91 billion, falling 0.93% in the last 24 hours. «The crypto market cap slipped below the $1 trillion mark as the US central bank sent strong signals about tackling inflation through strict monetary policies and rate hikes. Hawkish monetary policies may decrease the liquidity in the market in the coming weeks which may result in further price falls,» Shivam Thakral, CEO of BuyUcoin, said. “The dip in the prices will offer a buying opportunity to seasoned investors based on their risk appetite,” Thakral added.

cryptocurrency markets were trading in the red on Wednesday after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of the US central bank returning to large rate hikes to tackle inflation. Bitcoin (BTC) fell 2.08% to $21,998, whereas Ethereum (ETH) was below the $1,600 level. BTC volume in the last 24 hours stood at approximately $24.12 billion, rising 53.88% in the last 24 hours. «Over the last 24 hours, many cryptocurrencies experienced a decline after Fed Chair Jerome Powell made hawkish statements about interest rate hikes. If BTC dips below the current level, the next level would be at the US$19,000 level,» Edul Patel, Co-founder and CEO at Mudrex, said. «Similarly, Ethereum is trading in tandem with BTC and is currently in the red zone. ETH is currently trading at US$1,555, and its next support level is US$1,450. Given the hawkish comments and uncertainties surrounding Silvergate Bank, traders, and investors may need time to analyze and understand the situation,» Edul added.

cryptocurrency markets were trading in the red on Monday. Bitcoin (BTC) fell 0.39% to $22,352, while Ethereum (ETH) was below the $1,600 level. BTC volume stood at approximately $13.3 billion, rising 0.46% in the last 24 hours. «Over the weekend, most cryptocurrencies remained in red as market participants attempted to digest the latest news over Silvergate. In the past 24 hours, Bitcoin's value has fluctuated between US$22,500 and US$22,600, representing a 1% decline. However, traders and investors anticipate positive economic data from China, expected to be released this week, which might help them return to the market,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower. Solana declined by 3.3%. Dogecoin, Litecoin, Cardano and XRP were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.02 trillion, falling 0.87% in the last 24 hours. The total volume in DeFi is currently 3.37 billion, 11.85% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.24 billion, which is 88.7% of the total crypto market 24-hour volume.

The price of Ethereum’s native token, Ether (ETH), has recovered 78% since June 2022. But this doesn’t guarantee further upside, particularly with declining trading volumes suggesting that the risk of a major correction is high. 

cryptocurrency markets were trading in the red on Friday, with a decline of 4% in the global crypto market cap. Bitcoin (BTC) fell 4.5% to $22,386, whereas Ethereum (ETH) was below the $1,600 level. BTC volume in the last 24 hours stood at approximately $26.01 billion, rising 12.56% in the last 24 hours. «In the past 24 hours, Bitcoin, Ethereum, and other cryptocurrencies dropped in value due to the release of US manufacturing data and uncertainties concerning access to banking services for crypto companies in the US. Furthermore, the fallout of Silvergate has also played a role in the decline. Bitcoin is at its lowest point in about two weeks and is trading below $23,000 at $22,300,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top tokens were also trading lower on Friday. Litecoin declined by 8%. Dogecoin, Solana, Cardano, and BNB were also trading with cuts. The global cryptocurrency m-cap was trading lower around $1.03 trillion, falling 4.01% in the last 24 hours. The total volume in DeFi is currently 5.39 billion, 9.78% of the total crypto market 24-hour volume. The volume of all stablecoins is now $50.24 billion, which is 91.11% of the total crypto market 24-hour volume.

cryptocurrency markets were trading in the red on Thursday. Bitcoin (BTC) fell 1.03% to $23,551, while Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $23.49 billion, rising 4% in the last 24 hours. «Bitcoin dropped toward US$24,000 early Wednesday following the U.S Consumer Confidence data. However, it again rebounded to the US$23,500 level. BTC has increased by more than 1% in the past 24 hours. But BTC still seems to be a little weak and will need to recover to make a sharp move in the coming days,» Edul Patel, Co-founder and CEO at Mudrex, said. The immediate support of ETH is at the US$1,600 and US$1,550 levels, while the resistance holds at the US$1,670 level, Edul added. Other top crypto tokens were also trading lower. Shiba Inu declined by 2.3%. Solana, Polkadot, Cardano and BNB were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.73% in the last 24 hours.

cryptocurrency markets were trading mixed on Wednesday. Bitcoin, Ethereum and XRP were trading with gains, while BNB, Shiba Inu and Cardano were trading with cuts. Bitcoin (BTC) rose 0.17% to $23,471, while Ethereum (ETH) was above the $1,600 level. BTC volume stood at approximately $21.84 billion, falling 1.92% in the last 24 hours. «As the cryptocurrency market continues to face downward pressure, Ethereum has shown potential for an upward move, with technical indicators suggesting that a sustained uptrend is likely. However, Bitcoin struggled to gain momentum, hovering around the $23,500 level as investors seek safer investments amid growing macroeconomic uncertainty,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.06% in the last 24 hours.

The price of Ethereum's native token, Ether (ETH), shows a growing conflict among traders about the market direction for March. This uncertainty has resulted in ETH price consolidating inside a narrow sideways range between $1,600 and $1,700 since Feb. 15.