Ethereum Price Financial News

cryptocurrency market cap declined 2% to around $1.09 trillion in the last 24 hours. Bitcoin was down 1.8% at $27,617 as of 12:38 p.m., while Ethereum was below the $1,700 level. «Bitcoin’s price rose above $28,000, the highest level in the last 30 days, before consolidating around $27,500. This price movement could be because of the U.S. 10-year Treasury yield soaring another 11 basis points to 4.69%, slightly affecting the gains caused by positive indicators like the Ether futures ETFs approvals by the U.S. SEC,» said Edul Patel, CEO and co-founder of Mudrex. Meanwhile, Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said, «Bitcoin momentarily broke above the extremely important resistance of $28.5k, which is the 50-day Exponential Moving Average (50EMA) as well, before bears took the grip and BTC fell back to around $27.5k. This volatility means that the market saw its highest volumes in more than a month. More volumes will attract more traders to the market.»

The rush of excitement that accompanied the launch of nine new Ethereum futures exchange-traded funds (ETFs) appears to have yielded little in the way of investment dollars in comparison.

More than $70 million in crypto shorts were suddenly liquidated after a surprise jump in the price of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies on Oct. 1.

cryptocurrency market cap rose 2.7% to around $1.07 trillion in the last 24 hours. Bitcoin was up 2.5% at $27,119 as of 1:18 p.m., while Ethereum was above the $1,150 level. «Bitcoin surpassed the $27,000 mark due to several factors, including a rise in stock markets and upcoming options expiring on Friday, coupled with reduced overall economic pressures,» said CoinDCX Research Team. Meanwhile, Edul Patel, CEO & Co-founder of Mudrex, said, «Bitcoin's value climbed beyond the $27,200 threshold on Friday before stabilizing above the $26,900 level. This upward shift may be attributed to Valkyrie Funds LLC, an investment management firm, obtaining regulatory clearance from the Securities and Exchange Commission (SEC) to introduce Ethereum futures to its current Bitcoin futures exchange-traded fund.»

Toncoin, and Solana were trading with gains, while XRP, BNB, Cardano, Dogecoin, and Litecoin were trading with cuts. Bitcoin (BTC) rose 0.7% to $26,419, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 0.6% in the last 24 hours. BTC has managed to maintain its position above the $26,000 level, even as the S&P 500 experienced a significant drop to a three-month low and the US dollar index (DXY) reached a new year-to-date high. This relatively stable performance is viewed as a positive sign, indicating a lack of aggressive selling at lower price levels, said ZebPay Trade Desk. In today's trade, Solana, Toncoin, and Ethereum rose up to 3%, while XRP, Litecoin, and Cardano declined up to 1%.

cryptocurrency market cap was trading at around $1.05 trillion, falling 0.25% in the last 24 hours. Bitcoin was down 0.25% at $26,229 as of 11:55 a.m., while Ethereum was flat at $1,590. «The crypto market remained flat during the last 24 hours as traders await the Fed chief’s speech on Thursday, which will give us a clear picture of future rate hikes,» said Shivam Thakral, CEO of BuyUcoin. Meanwhile, Edul Patel, Co-Founder & CEO of Mudrex, said, «Bitcoin’s price has consolidated above the $26100 level. This could be because of the US 10-year Treasury yield moving up to 4.55%, matching its highest level in about 16 years.»

cryptocurrency market cap was trading at around $1.05 trillion, rising 0.76% in the last 24 hours. Bitcoin was up 0.56% at $26,291 as of 11:58 a.m., while Ethereum rose 0.78% to $1,590. The crypto market has traded sideways with slight buying pressure. Continuing its oscillation between the neutral and fear zones, the crypto fear and greed index is back in the fear zone with a score of 46/100 after shedding off a point since yesterday. Markets at large, including crypto and even global equities, are currently dealing with the rate hike concerns and rising treasury yields, said Shubham Hudda, Senior Manager, CoinSwitch Markets Desk. Barring Solana, Toncoin, and Shiba Inu, all major crypto tokens were trading higher on Tuesday. BNB, XRP and Polygon gained up to 2%.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.04 trillion, falling 1.16% in the last 24 hours. «The markets remained calm over the weekend with BTC failing to retain the $27,000 level. The rising crude oil process and geopolitical uncertainty may restrict the crypto market momentum in the coming weeks,» Atulya Bhat, CMO of BuyUcoin, said. Meanwhile, Edul Patel, CEO & Co-founder of Mudrex, said, «Bitcoin is currently trading above $26000. The bulls have been working hard to counter the bearish signals in the market. Bitcoin currently faces resistance at the $27,500 mark. However, the price could decline below the current level and there are chances that BTC might revisit the $25,400 support zone.»

Meanwhile, benchmark 10-year US Treasury yields touched a 16-year peak the day after Fed Chairman Jerome Powell warned inflation still has a long way to go before approaching the central bank's 2% target. At 11 a.m., Bitcoin (BTC) was trading 1.62% lower at $26,620, while Ethereum (ETH) was trading below the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.06 trillion, falling 1.50% in the last 24 hours.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, rising 0.76% in the last 24 hours. The crypto market has traded sideways with an upward bias in the last 24 hours. It has been another positive day for BTC as it touched $27.4k before pulling back a little. In fact, the last 8 days have been pretty positive for the crypto market with BTC rising around 10% from the local top to bottom, said Shubham Hudda, Senior Manager, CoinSwitch Markets Desk. Meanwhile, Edul Patel, CEO & Co-founder of Mudrex, said, «Over the past 24 hours, Bitcoin rose above the US$27,000 mark, marking its highest point since August 31st. This surge is in anticipation of the U.S Federal Reserve's upcoming meeting, scheduled for tomorrow, where the market expects the Federal Open Market Committee (FOMC) to momentarily halt interest rate hikes.»

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.5% in the last 24 hours. «Bitcoin is currently trading at the $26,500 mark, and this shift in its price may be attributed to recent developments at the European Central Bank (ECB),» Edul Patel, CEO & Co-founder of Mudrex, said. The ECB has signalled that their recent hike of 0.25% in three key interest rates could potentially mark the conclusion of the rate hikes in the current cycle. In order to sustain its upward momentum, Bitcoin will need to breach the resistance at $27,000, Edul added.

BNB, Solana and Litecoin were trading with gains, while XRP, Dogecoin, Toncoin and Shiba Inu were trading with cuts. Bitcoin (BTC) rose 0.55% to $26,678, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 0.29% in the last 24 hours. «The weekend witnessed Bitcoin trading above the $26,000 level, possibly driven by a noteworthy collaboration between Deutsche Bank, Germany's leading bank, and Taurus, a Swiss cryptocurrency startup specializing in secure asset management and tokenization services,» Edul Patel- CEO & Co-founder of Mudrex, said. «Investors are awaiting the Federal Open Market Committee meeting scheduled for September 20, which may influence market dynamics. Bitcoin's next challenge is to surpass the $27,400 resistance level to maintain its upward momentum,» Edul said.

Bitcoin (BTC) rose 1.38% to $26,260, whereas Ethereum (ETH) was above the 1,600 level. The global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 1.38% in the last 24 hours. «Bitcoin and Ethereum are holding steady, with Bitcoin maintaining its position above $26,000 and Ethereum above $1,600. Bitcoin's rapid recovery above the critical $26,000 mark following the CPI report, along with Ethereum's stability, has boosted confidence among traders and analysts who regard these levels as pivotal, said CoinDCX Research Team. Other top crypto tokens were also trading higher on Thursday. XRP, Solana, Polygon, Litecoin, and Shiba Inu gained up to 5%.

One year after its historic transition to proof of stake, Ethereum has seen a massive reduction in energy use and a marked improvement in access to the network, however, a number of technical issues still mark the road ahead.

BNB, USD Coin, XRP Dogecoin, Cardano and Solana fell up to 2%. ETH was trading at $1,580.67 while Dogecoin was at $0.06124. «In the last 24 hours, Bitcoin briefly lost its crucial support at $25,000 for the first time in almost three months. For BTC to not enter panic mode, $24,500 support remains sacrosanct. This is the level above which BTC has been trading for almost 6 months now. As for ETH, which fell 2.8%, the support of $1,600 has been breached and it is currently trading around $1,550,» Shubham Hudda, Senior Manager, CoinSwitch Markets Desk said. In Hudda's opinion, a major catalyst for SOL’s ($17.95) sell-off is still Wednesday's expectation of FTX unlock, pointing out that this cryptocurrency was already down by around 50% from its recent high in July. «Additionally, given that a majority of the SOL is time-locked for FTX, we could very well see a 'sell the rumor, buy the news’ event playing out on Tuesday,» he added.

While Ethereum (ETH) is struggling to stay above $1,600, investors are currently setting their sights mainly on its competitors. According to blockchain researchers, Solana (SOL) was attracting a lot of attention in the past week prior to its current downward course that coincides with a tough week in the crypto market.

BNB, Cardano and Tron were trading with gains, while XRP, Dogecoin, Solana and Shiba Inu were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 0.22% in the last 24 hours. «BTC’s price remained within a narrow range for another day, although for a very brief duration, BTC did trade below $25.5k and above $26k. The small dump and pump happened around the same time as the news broke out that a major tech investor Cathie Wood's ARK Invest applied for a spot Ethereum ETF in the US,» Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said. The total volume in DeFi is currently $2.07 billion, 7.87% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.1 billion, which is 95.46% of the total crypto market 24-hour volume.

Cryptocurrency self-custody platform Casa has rolled out new functionality for its recently launched Ether (ETH) vaults, allowing users to transact via a relay for added privacy.

The global cryptocurrency market cap was trading lower, around $1.04 trillion, declining 0.79% in the last 24 hours. «Bitcoin has been trading around the $25,600 level. This may be because of the uncertainty around a Bitcoin spot ETF in the US. This price movement suggests that the bears are actively trying to control the market,» Edul Patel, CEO & Co-Founder of Mudrex, said. Meanwhile, other top crypto tokens were also trading lower. Litecoin, Solana, and Shiba Inu fell over 2-3%, while Cardano, XRP, and BNB also declined.

XRP, Cardano, and Solana were trading with gains, while Dogecoin, Polkadot, Litecoin, and Shiba Inu were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.05 trillion, rising 0.18% in the last 24 hours. The crypto market was range-bound over the weekend and continues to trade sideways. The crypto fear and greed index, too, remained steady over the weekend. The index is currently in the fear zone with a score of 40/100, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures. «All major cryptos by market capitalization are trading marginally in the green. BTC and ETH continue to trade in a narrow range around their respective anchor levels of $26k and $1.6k. However, recent whale activity pertaining to BTC underlines optimism among investors,» Parth said.

The global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 4% in the last 24 hours. «The release of the U.S. monthly jobs report later today might also negatively impact Bitcoin's value,» Edul added. Meanwhile, other top crypto tokens were also trading lower on Friday. Dogecoin, Solana, BNB and Cardano fell over 3% each, while Tron, Polkadot, and Polugon declined over 4% each.