Ethereum Financial News

The BONK price has declined by 50% in the 24 hours, with the new Solana-based meme token falling to $0.00000182 after enjoying a surge in previous days. Despite the plunge, it remains up by around 2,000% since first listing at the end of December, making it easily the best-performing coin in the top 250 cryptocurrencies (by market cap).

The price of Bitcoin has remained mostly unchanged during the Asian session, settling in a narrow range of $16,750 to $16,950. Similarly, Ethereum, the second-largest cryptocurrency, fell back into the $1,250 trading range after failing to hold above $1,260.

The developer of a Mutant Ape Yacht Club knock-off collection — Mutant Ape Planet — has been arrested in New York, charged with allegedly “defrauding” investors of $2.9 million in a "rug pull scheme."

ETH, the native cryptocurrency that powers the smart contract-enabled decentralized Ethereum blockchain, is consolidating on Thursday near the $1,250 mark after posting decent gains in the first few days of this week. Indeed, despite now having pulled close to 2% lower versus Wednesday’s highs in the $1,270 area, ETH is still up about 4.0% this week, after mustering a clean upside break of both of its 21 and 50-Day Moving Averages on Wednesday.

On this week’s episode of Market Talks, Cointelegraph welcomes Mohit Sorout, co-founder of Bitazu Capital, a proprietary algorithmic trading and investment management platform.

Ethereum layer-2 scaling platform StarkNet has overhauled its in-house Cairo coding language to make Web3 development accessible to developers.

The Shiba Inu price has risen by 3% in the past 24 hours, reaching $0.00000845 amid anticipation of the upcoming launch of the Shibarium layer-two scaling network. Its current price represents a 6% increase in a week, although the meme token remains down by 10% in a month, with excitement regarding Shibarium still not doing quite enough to fully offset weeks of market negativity.

Bitcoin, the most popular coin for novice traders and institutions alike, ranks first on the list. With a projected 86.3 million tons of CO2 emissions for 2022, a huge 431.6 million trees would need to be planted in order for Bitcoin’s annual CO2 emissions to be removed from the atmosphere.Previous research has suggested that the energy required for a bitcoin transaction could power a household for more than 70 days.Litecoin and Bitcoin Cash came second and third on the polluter list, with emissions from Cardono also climbing.Ethereum, by contrast, has managed to massively decrease its annual CO2 emissions by nearly 100% after moving to a proof-of-stake blockchain, meaning that its gas fees have been reduced significantly and its network has been able to process transactions a lot faster.In 2021, Ethereum created a huge 21.95 million tons of CO2.

During the Asian session, the price of Bitcoin has remained mostly unchanged, settling in a narrow range of $16,750 to $16,950. Similarly, Ethereum, the second-largest cryptocurrency, failed to hold above $1,260 and fell back into the $1,250 trading range. 

Celebrities had a shaky year promoting crypto firms and projects throughout 2022. 

Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm.

During the Asian session, the overall cryptocurrency market is showing a strong pullback, with Bitcoin crossing above a major resistance level of $16,750. Likewise, Ethereum, the second-leading cryptocurrency has shown a massive spike of 3% to $1,250. 

The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets, with shares falling 93% from its Jun. 2019 all-time high (ATH).

Major cryptocurrencies traded in the red early on January 4 as the global crypto market cap rose 0.54 percent to $809.35 billion, over the last day. The total crypto market volume over the last 24 hours is $26.64 billion, which makes a 12.75 percent increase.

Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January. 

The Lido DAO price has risen by as much as 13% since lows yesterday, with its current price of $1.23 representing a 7.5% gain in 24 hours, and an 18% rise in a week. It's also up by 30% in two weeks, with organic growth in the use of Lido DAO largely responsible for its improving fortunes.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Bitcoin is trading with a bullish bias on January 3rd after breaking above the $16,650 level, and it is now likely to head for the $16,750 level. Ethereum, on the other hand, has breached a narrow range of $1,180 to 1,210 and is now heading north for new highs.

The Ethereum network eclipsed Bitcoin in terms of total transaction volume last year, though the king of crypto has managed to retain its crown when it comes to online search interest.

Major cryptocurrencies traded in the green early on January 3 as the global crypto market cap rose 1.25 per cent to $805.12 billion, over the last day. The total crypto market volume over the last 24 hours is $23.72 billion, which makes a 36.27 percent increase.

The S&P 500 index (SPX) fell 19.4% and the Nasdaq nosedived 33.1% in 2022, recording the worst performance since 2008. The crypto markets also had a horrendous year with Bitcoin (BTC) falling roughly 65% in 2022. In comparison, the United States dollar, which is perceived to be a safe haven, rallied nearly 9%, its best year since 2015.