Ethereum Price Financial News

cryptocurrency markets were trading lower on Tuesday. Bitcoin (BTC) fell 0.31% to $23,435, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $22.28 billion, rising 29.46% in the last 24 hours. «On Monday, most cryptocurrencies declined after the release of the US Durable Goods Orders data for January. The data showed a 4.5% drop, causing concern among investors and traders about the possibility of inflation and interest rate hikes, despite strong economic data for the same period,» Edul Patel, Co-founder and CEO of Mudrex, said. Other top crypto tokens were also trading lower on Tuesday. Polygon declined by 3.5%. Solana, Polkadot, Shiba Inu, and Litecoin were also trading lower. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.45% in the last 24 hours. The total volume in DeFi is currently 5.06 billion, 11.17% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.53 billion, which is 89.48% of the total crypto market 24-hour volume.

cryptocurrency markets were trading in the red on Friday. Bitcoin (BTC) fell 2.17% to $23,868, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $28.71 billion, falling 0.91% in the last 24 hours. «Bitcoin traded sideways in the past 24 hours as investors continued evaluating US monetary policy and jobs data. BTC is trading below the US$24,000 level, although it has increased by 74% since its lowest point last month. Its support level lies at $23,800, while resistance is at$24,200,» Edul Patel, CEO and Co-founder of Mudrex, said. Other top tokens were also trading lower on Friday. Polygon declined by 4%. Polkadot, Shiba Inu, Cardano, and BNB were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.09 trillion, falling 1.57% in the last 24 hours. The total volume in DeFi is currently 6.32 billion, 11.31% of the total crypto market 24-hour volume. The volume of all stablecoins is now $50.26 billion, which is 89.91% of the total crypto market 24-hour volume.

cryptocurrency markets were trading in the red on Wednesday, ahead of the release of the FOMC minutes later in the day. Bitcoin (BTC) fell 3.23% to $24,077, whereas Ethereum (ETH) was just below the $1,650 level. BTC volume in the last 24 hours stood at approximately $32.44 billion, rising 17.9% in the last 24 hours. «Bitcoin is trading sideways between $24,300 and $23,900 as investors await the release of FOMC meeting minutes. The current support level for Bitcoin is $23,750, with the next support level at $22,850 determined by the 50% Fibonacci retracement mark,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said. The global cryptocurrency market cap was trading higher, around $1.10 trillion, falling 2.8% in the last 24 hours. The total volume in DeFi is currently $9.42 billion, 13.81% of the total crypto market 24-hour volume. The volume of all stablecoins is now $60.40 billion, which is 88.54% of the total crypto market 24-hour volume.

cryptocurrency markets were trading higher on Thursday. Bitcoin (BTC) fell 1.21% to $24,407, whereas Ethereum (ETH) was above the $1,650 mark. BTC volume in the last 24 hours stood at approximately $29.04 billion, falling 17.78% in the last 24 hours. «The crypto market was a little jittery after FOMC minutes showed that inflation and recession threats are still real. BTC and other digital assets were in red after the discouraging minutes of the FOMC meeting but the market quickly digested the impact and recovered. It will be interesting to see if central banks will continue their hawkish stance or relax monetary policies in the coming weeks,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher on Thursday. Shiba Inu surged 5%. Solana, Cardano, Polygon, and BNB were also trading with gains. The global cryptocurrency market cap was at around $1.11 trillion, rising 1.26% in the last 24 hours. The total volume in DeFi is currently 7.42 billion, 12.12% of the total crypto market 24-hour volume. The volume of all stablecoins is now $55.47 billion, which is 90.69% of the total crypto market 24-hour volume.

An anonymous Ethereum investor has lost more than $2 million trading Ether (ETH) since Sep. 9, 2022, on-chain data shows.

cryptocurrency market was trading higher on Tuesday. Ethereum (ETH) rose over 0.62% to $1,700, whereas Bitcoin (BTC) was above the $25,000 level. BTC volume in the last 24 hours stood at approximately $27.52 billion, falling 4.37% in the last 24 hours. «The release of the FOMC minutes on Wednesday could affect the price of Bitcoin, as any hint of a shift in US monetary policy can affect financial markets. Bitcoin is currently trading in a range of $23,700 to $25,200 with another resistance level at $25,200. Technical indicators such as RSI and MACD are showing divergence, indicating uncertainty among investors. If the price breaks below the $23,750 support level, the next support level is $22,850,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin said. The global cryptocurrency market cap was trading higher around $1.13 trillion, rising 1.09% in the last 24 hours. The total volume in DeFi is currently $7.57 billion, 12.20% of the total crypto market 24-hour volume. The volume of all stablecoins is now $55.01 billion, which is 88.73% of the total crypto market 24-hour volume.

Ethereum core developer Tim Beiko announced the Shapella (Shanghai/Capella) upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832.

cryptocurrency markets were trading mixed on Monday. Bitcoin, Ethereum, and XRP were trading with cuts, while Solana, Shiba Inu, and Cardano were trading with gains. Bitcoin (BTC) fell 0.69% to $24,497, whereas Ethereum (ETH) was just below the $1,700 level. BTC volume in the last 24 hours stood at approximately $28.58 billion, rising 50.22% in the last 24 hours. «It’s a great start for the week as Bitcoin is ready to test the crucial $25,000 mark. If Bitcoin finds strong support at the $24,000 level then it will provide much-needed momentum for BTC to test $30,000 in near future,» Shivam Thakral, CEO of BuyUcoin said. The global cryptocurrency market cap was trading lower around $1.12 trillion, falling 0.11% in the last 24 hours.

The price of Ethereum's native token, Ether (ETH), has surged by more than 40% year-to-date to around $1,750, the highest level in seven months. However, ETH price is not out of the woods yet despite several bullish cues such as the Shanghai upgrade in the pipeline. 

cryptocurrency markets were trading in the red on Friday with a loss of over 3% in the last 24 hours. Bitcoin (BTC) fell 4.1% to $23,695, whereas Ethereum (ETH) was just above the $1,650 level. BTC volume in the last 24 hours stood at approximately $38.98 billion, rising 6.82% in the last 24 hours. «After briefly hitting the six-month high of US$25,000 on Thursday, the price of Bitcoin dropped to US$23,800 due to the unexpected increase in the Producer Price Index (PPI). Despite this setback, BTC has still increased by 73% from its lowest point a month ago. The PPI news might have made investors apprehensive about inflation and monetary policies,» Edul Patel, Co-founder and CEO at Mudrex said. Other top crypto tokens were also trading lower on Friday. Shiba Inu declined by over 6%. BNB, XRP, Cardano and Dogecoin were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.08 trillion, falling 3.13% in the last 24 hours. The total volume in DeFi is currently $7.93 billion, 9.84% of the total crypto market 24-hour volume. The volume of all stablecoins is now $74.32 billion, which is 92.22% of the total crypto market 24-hour volume.

cryptocurrency market was trading higher on Thursday, with Bitcoin (BTC) rallying over 11% to $24,582, whereas Ethereum (ETH) was above the $1,650 level. BTC volume in the last 24 hours stood at approximately $36.77 billion, rising 36.42% in the last 24 hours. «Bitcoin hovered above the $24,000 level after trading lower for several days. This surge is due to investors liquidating their positions, pushing the price higher. Compared to its low point a month ago, BTC has increased by 61%. In the past 24 hours alone, BTC surged by more than 11%, reaching this level for the first time in two weeks. If bullish investors maintain their momentum, BTC may reach US$25,000 soon. Overall, there is bullish sentiment in the market,» Edul Patel, Co-founder and CEO at Mudrex said. Other top crypto tokens were also trading higher on Thursday. Polygon surged 9.6%. Solana, Cardano, Shiba Inu and BNB were also trading with gains. The global cryptocurrency market cap was trading higher around $1.11 trillion, rising 7.98% in the last 24 hours.

Matter Labs, the firm managing Polygon (MATIC), announced that the beta version of its zero-knowledge Ethereum Virtual Machine (zkEVM) would launch on March 27, 2023. It’s possible that Polygon will enjoy a first-mover advantage in this space by launching a public mainnet before zkSync and Scroll.

Ether (ETH), the second-largest cryptocurrency by market capitalization, has seen a constant decline in the exchange supply over the past six months post-Merge. Ethereum network went under a major network upgrade in September last year, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) network and the event was called the Merge.

cryptocurrency market was trading in the red on Tuesday. Bitcoin (BTC) fell 0.47% to $21,745, whereas Ethereum (ETH) was below the $1,500 level. BTC volume in the last 24 hours stood at approximately $22.24 billion, rising 14.9% in the last 24 hours. «The crypto market is feeling the pressure of regulatory concerns in the US as BTC continues to trade below the $22,000 mark while Ether slipped below the $1500 mark. Most of the digital assets are in the red as investors are parking their funds in less volatile assets for better times. The latest regulatory developments in the US will strengthen Asia’s position as a global hub for the digital asset industry,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading lower on Tuesday. BNB fell 6.6% while Dogecoin, Polygon, Shiba Inu and XRP were also trading with cuts. The volume of all stablecoins is now $56.69 billion, which is 102.11% of the total crypto market 24-hour volume.

cryptocurrency market was trading mixed on Monday. Ethereum, XRP, Cardano and Polygon were trading with cuts, while Bitcoin, BNB, Dogecoin and Tron were trading with gains. Bitcoin (BTC) rose 0.10% to $21,840, whereas Ethereum (ETH) was below the $1,550 level. BTC volume in the last 24 hours stood at approximately $19.34 billion, rising 27.24% in the last 24 hours. The market cap of BTC was around $421.47 billion, with a dominance of about 41.52%, according to CoinMarketCap. «Bitcoin traded below the US$22,000 level over the weekend after the U.S-based Kraken exchange halting its staking service and paying a penalty of US$30 million to the SEC for not registering the service. Currently, BTC appears bearish and is trading close to its support level of US$21,770. If the situation persists, it is possible for BTC to continue declining towards US$21,500 by the end of the week,» Edul Patel, Co-founder and CEO at Mudrex, said.

cryptocurrency market was trading lower on Tuesday, ahead of the Union Budget 2023 and the Fed decision on interest rates tomorrow. Bitcoin (BTC) fell 4% to $22,788, whereas Ethereum (ETH) was below the $1,600 level. BTC volume in the last 24 hours stood at approximately $26.77 billion, rising 4.12% in the last 24 hours. «Bitcoin, Ethereum, and most cryptocurrencies fell in the past 24 hours ahead of the first US Fed meeting of 2023, which is to be held on Wednesday. Bitcoin was below the $23,000 mark, dropping by 4%. Ethereum also fell below the $1,600 level, down by 3%. The support for BTC now lies at the $22,700 level, while the resistance is at $23,000,» Edul Patel, CEO and Co-Founder of Mudrex, said. «However, on the other hand, Dogecoin gained by 5% after Elon Musk wanted the Twitter payments system to accommodate crypto. Volatility may persist ahead of the Fed meeting and the Indian Union Budget release,» Edul added.

cryptocurrency market was trading mixed on Friday. Bitcoin, Ethereum, BNB and Polygon were trading with cuts, while Polkadot, Shiba Inu and Tron witnessed gains. Bitcoin (BTC) fell 1.35% to $23,546, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $29.49 billion, falling 2.03% in the last 24 hours. «Bitcoin jumped above the $24,000 level in the past 24 hours as markets continued to react to the latest Federal Reserve's policy. BTC briefly hit this level for the first time since August but quickly dropped back to $23,500 due to volatility. Ethereum also rose, with prices nearly reaching $1,700, its highest since September. The immediate resistance for Ethereum is near $1,700, with the next major resistance at $1,720. If it doesn't clear the $1,700 resistance, a correction may occur,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading lower around $1.08 trillion, falling 1.16% in the last 24 hours.

cryptocurrency market was trading in the red on Monday. Bitcoin (BTC) fell 2.7% to $22,753, whereas Ethereum (ETH) was just below the $1,650 level. BTC volume in the last 24 hours stood at approximately $20.29 billion, rising 30.19% in the last 24 hours. «BTC slipped below the $23,000 level but stabilized on Sunday while Ether is exchanging hands at the $1627 level. The investors are still in a wait-and-watch mode as they are looking forward to the Fed chief’s comments this week. Fed chief has indicated that the war against inflation is not over and aggressive policy action is expected to continue,» Shivam Thakral, CEO of BuyUcoin said. The global cryptocurrency market cap was trading lower around $1.06 trillion, falling 2.39% in the last 24 hours. The total volume in DeFi is currently $5.31 billion, 10.86% of the total crypto market 24-hour volume. The volume of all stablecoins is now $42.41 billion, which is 86.72% of the total crypto market 24-hour volume.

BTC volume in the last 24 hours rose 6.97% to $30.86 billion. Its market cap was around $421.65 billion, with a dominance of about 41.46%, according to CoinMarketCap. «The crypto market cap slipped by almost 3% after fresh regulatory concerns spooked investors across the globe. The latest developments at Kraken and SEC had an immediate impact on the digital assets as BTC dropped below the $22,000 level and Ethereum lost its key support level at $1,600,» Shivam Thakral, CEO of BuyUcoin, said. Top crypto tokens traded lower. Solana fell 8%. Shiba Inu, Polkadot, Dogecoin and Cardano were also trading with cuts.

BTC volume in the last 24 hours stood at approximately $24.05 billion, rising 16.78% in the last 24 hours. «In the past 24 hours, Bitcoin has been fluctuating between $22,800 and $23,000. Despite a small dip, the token remained within its recent trading range and close to its new year high. BTC has risen by a good amount this year due to investor confidence. However, a surprisingly strong employment report on Friday has caused some concern among market participants,» said Edul Patel, CEO and Co-Founder of Mudrex. The global cryptocurrency m-cap was trading around $1.07 trillion, rising 0.8% in the last 24 hours.

In this week’s episode of Market Talks, Cointelegraph welcomes Average Joe’s Crypto, a research analyst and writer. He authors his own blog, which focuses on all things crypto, Web3 and decentralized finance (DeFi).