Ethereum (ETH) Surges as Arthur Hayes Declares Altcoin Season

crypto Ethereum  Ethereum (ETH) Surges as Arthur Hayes Declares Altcoin Season  20 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Alex Dovbnya  Arthur Hayes, former BitMEX CEO, recently sparked excitement among crypto enthusiasts as he declared beginning of new altcoin season on Twitter  Arthur Hayes, former CEO of BitMEX, recently took to Twitter to magpahayag the beginning of another altcoin season. “Allow me to reintroduce myself. My name is ALTSZN!!!” he tweeted.  This came after Ethereum (ETH) experienced a surge in price. The top altcoin peaked at $2,130 on the Bitstamp exchange earlier today.  As reported by U.Today, the Bitcoin (BTC) competitor surpasses $2,000, driven by the successful Shapella upgrade and an unexpected drop in PPI inflation.  The altcoin market saw significant gains over the past 24 hours, with ETH up by 9.4%, Binances BNB increasing by 4.4%, Cardano (ADA) rising by 9.2% and Dogecoin (DOGE) adding 9.%.  In another tweet, Hayes shared a photo taken at Victoria Peak, a hill on the western half of Hong Kong Island, with the caption: “With the help of Lord Satoshi, I climbed the peak and threw the bears off the mountain top so that they may experience the wrath of the green doji.”  It conveys Hayes‘ optimism about the cryptocurrency market’s positive momentum,

2023-04-14Ethereum

This Ethereum Staking Token Shot up 20% In Just 12H

Ethereum  Ang Ethereum Staking Token na ito ay tumaas ng 20% Sa loob lamang ng 12H  24 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Rocket Pool holds 2.44% of the contributors of Ethereum Staking.   At press time, Ethereums price oscillated between $2,115 and $2,130.  A subunit of Coinbase is a part of Rocket Pools Oracle DAO.  Post the Ethereum Shanghai Upgrade, the second-largest cryptocurrency crossed the $2,100 level. Amid this ETH hustle, RPL, the native DeFi token of the Ethereum staking protocol Rocket Pool, spiked 20% in just 12 hours.  According to data from TradingView, the RPL/USDT spot hit $53.95 on the largest crypto exchange Binance at 03:59 UTC.  Notably, Rocket Pool holds a prominent record related to Ethereum staking. As per the on-chain data from Nansen, 2.44% of the ETH depositors who staked their Ether on the Beacon Chain are wired through this staking protocol. Lido Finance dominated the share with 31.2% of depositors. While the metrics also highlighted the dominance of Kraken (7.01%), Binance (5.66%), and Coinbase (12.7%).  From the above chart, it can be seen that the price action of RPL hovered above the 50-day moving average (50MA). Thus, it points to the token‘s current bullish state. Also, at the time of analysis, the chart

2023-04-14Ethereum

Ethereum Tops $2,100 After 10% Rally and Staking Tug of War

Ethereum  Ethereum Tops $2,100 After 10% Rally and Staking Tug of War  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum is on fire today, surging more than 10% to tap its highest price for almost a year. Meanwhile, ETH staking withdrawals are not having any negative impact on the market.  Market sentiment for Ethereum has turned bullish as the asset topped the psychological $2,000 barrier.  A successful Shapella upgrade this week has driven momentum for ETH, which has climbed to an eleven-month high.  At the time of writing, ETH was changing hands for $2,115 following a 24-hour surge of 10.4%. Furthermore, it has outperformed Bitcoin, which only added 2% on the day.  As a result, Ethereums market dominance has increased to just under 20% at the expense of Bitcoin.  ETH/USD 1 month – BeInCrypto  Earlier this week, BeInCrypto predicted that there would not be a major sell-off after Shapella.  Staked Ethereum Withdrawals Update  According to industry analyst Colin Wu, almost 240,000 ETH had been withdrawn 30 hours after the upgrade. However, around 100,000 ETH has been deposited, meaning that the net staking balance is -139,000, valued at around $277 million.  Around 1.07 million ETH valued at roughly $2.26 billion was pending withdrawal, according to Token Unlocks.  Wu kilala that 63% of this

2023-04-14Ethereum

Ether price tops $2,100 as Ethereums pending withdrawals hit $2.2 billion

Ethereum  Ether price tops $2,100 as Ethereums pending withdrawals hit $2.2 billion  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The price of Ethereums native coin, ether, is up roughly 10% over the past 24 hours and is trading above $2100 on various crypto exchanges.  At the same time, the total amount of ether (including rewards) that has been confirmed to withdraw — meaning its status changed to 0x01 — has surpassed $2 billion. As of 1 a.m. EDT, 1.07 million ETH, worth $2.27 billion, is pending withdrawal, per data tracking application tokens.unlock.  Over the next 11 hours, an estimated 53,050 ether, totalling $111.81 million, is slated to be withdrawn — creating an average of $223.54 million ETH withdrawn daily.  Ethereum staking withdrawals vs. deposits  17.39 million ether (excluding earned rewards) remains deposited — worth $36.54 billion. This deposited ETH accounts for 15.42% of the total supply.  The net staking balance yesterday — calculated by subtracting the total amount of ether withdrawn from the total amount of Ether deposited — is actually positive. Partial withdrawals amount to 14,300 and deposits amount to 18,370. This means that some 4,070 more ETH was deposited than withdrawn.  The net staking balance since the Shapella hard fork went live is nearly -140,000. Withdrawn

2023-04-14Ethereum

Peter Brandt Predicts Bitcoin Price At $40000, ETH Jumps 10%

Bitcoin Ethereum  Peter Brandt Predicts Bitcoin Price At $40000, ETH Jumps 10%  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Maalamat na mangangalakal Peter Brandt suggests investors to go long on Bitcoin as BTC price stabilizes over the $30,000 psychological level amid positive sentiment in the broader crypto market. The second largest cryptocurrency Ethereum (ETH) surges over 10%, continuing upside momentum after the Shanghai (Shapella) upgrade.  Peter Brandt in a tiririt on April 14 revealed that he is bullish on Bitcoin, Nasdaq, Gold vs YPY, London Cocoa, and Gold. He recommends to long Bitcoin and predicts a BTC price target of $ 40,000.  In the weekly timeframe, Bitcoin price pattern indicates strong possibilities of hitting $40,000, with strong support at $29,190 and $25, 288.  CoinGape Media first reported Bitcoin price hitting $30,000 this week, with experts predicting strong possibilities of hitting $35,000. In the last 24 hours, BTC price has soared over 2% to hit a high of $30,874. The price is currently trading at $30,724.  30,500 BTC options with a notional value of $0.93 billion are set to expire today, with a Put Call Ratio of 0.99.  The max pain point for Bitcoin price is $29,000. In addition, 260,500 ETH options with a notional value of $5.5

2023-04-14Ethereum

Ethereum Shapella Upgrade Goes Live, But Price Stays Steady, Why?

Ethereum  Naging Live ang Pag-upgrade ng Ethereum Shapella, Ngunit Nananatiling Panay ang Presyo, Bakit?  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum Shapella Upgrade went live on April 12 at 6:30 ET.  Unexpectedly, the ETH price has risen by 2.38% in the last 24 hours.  The Ethereum Shapella Upgrade went live, seeing a mere hike of 2.38%, which goes beyond the unexpected. On April 12, the Ethereum networks hard fork took place, allowing the stakers to finally un-stake ETH. Rumors were circulating that this could bring the price down due to added selling pressure, but the price more-or-less remained relatively stable.  The Effect of Shapella Upgrade on its Price Action  When writing ETH was trading at $1,915.81 after a jump of 2.38%, its value against Bitcoin gained 2.09% to 0.0637BTC, its market cap hiked by 2.38% to $230 Billion, and the trading volume increased by 28.34% to $11.05 Billion.  Compared to the last hard fork, Ethereum Merge dropped on September 15, there was a drop of almost 10%, and then it went into consolidation for weeks.  Source: Ethereum/US Dollar; TradingView  The relative stability of the ETH price point after the Ethereum Shapella Upgrade was not expected. Traders generally tend to buy in a major event that could impact the

2023-04-14Ethereum

BTC, ETH, XRP, ADA and BNB Price Analysis for April 13

Bitcoin Ethereum  Pagsusuri sa Presyo ng BTC, ETH, XRP, ADA at BNB para sa Abril 13  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Buyers have turned out to be more powerful than buyers today, according to the CoinMarketCap ranking.  BTC / USD  Ang rate ng Bitcoin (BTC) ay tumaas ng 1.64% sa nakalipas na 24 na oras.  On the daily chart, the rate of Bitcoin (BTC) has set a new local peak at $30,614. At the moment, traders should pay attention to the closest resistance level at $30,575. If the closure happens near it, growth may continue to the $31,000 zone.  Ang Bitcoin ay nakikipagkalakalan sa $ 30,369 sa oras ng pagpindot.  ETH / USD  Ethereum (ETH) is more of a gainer than Bitcoin (BTC), going up by 4.32%.  On the daily time frame, the rate of Ethereum (ETH) has broken the resistance at $1,942. Currently, one should focus on the closure. If it happens near the $2,000 mark, the energy is supposed to be enough for a continued upward move to the $2,100 zone.  Ang Ethereum ay nakikipagkalakalan sa $ 1,994 sa oras ng pagpindot.  XRP / USD  XRP is less of a gainer than Ethereum (ETH), rising by 1.19%.  A slight rise of XRP has not affected the general technical position

2023-04-14Ethereum

How Did the Shapella Upgrade Unlock $33b and Benefit Ethereum Stakers? – Cryptopolitan

After months of anticipation, Ethereum‘s Shanghai and Capella forks, also known as the Shapella upgrade, have finally gone live. The upgrade, triggered at 22:27 UTC, and finalized at about 22:42 UTC, has introduced vital functionality to the Ethereum network, allowing those who staked ETH to withdraw their cryptocurrency from the Beacon Chain for the first time. The Shapella upgrade represents a significant step in Ethereum’s development as it transitions to the Proof of Stake consensus algorithm from Proof of Work.  The Shapella upgrade marks the first major change to the Ethereum network since The Merge transitioned the network to Proof of Stake consensus from Proof of Work, reducing Ethereums energy consumption by 99.9% and new ETH issuance by more than 90%. Ethereum stakers now face a crucial decision about what to do with their accumulated rewards and initial position of 32 Ether.  The upgrade was released on the mainnet at epoch 194048, and the developers will be monitoring for any potential issues with the upgrades completion. With the introduction of the Shapella upgrades, the Ethereum network has completed the Proof-of-Stake transition cycle, which has the potential to unlock previously inaccessible funds and impact the ecosystem.  The Shapella upgrade name is a combination of

2023-04-14Ethereum

Research: TRON and gold-backed stablecoins poised for growth as Ethereum activity shrinks

After Terra USTs de-peg in May 2021 prompted fears over the safety of stablecoins, crypto advocates pointed out fundamental differences between algorithmic stablecoins and fiat-backed stablecoins, inferring the latter to be more resilient.  However, that claim was tested recently over two different events. In March, USDC de-pegged from its dollar price, falling as low as $0.8218, as it emerged parent company Circle held $3.3 billion of deposits with the now-bankrupt Silicon Valley Bank (SVB).  Likewise, in February, the New York Department of Financial Services (NYDFS) ordered Paxos to stop the issuance of its dollar-backed BUSD stablecoin as it investigated allegations of securities violations. BUSDs market cap valuation has been spiraling downwards since.  Ang data ng Glassnode ay sinuri ng uncovered that stablecoin activity on Ethereum is trending down, with glimpses that TRON may emerge as the winner in this changing landscape.  In addition, a new narrative appears to be emerging in gold-backed stablecoins.  Stablecoin Active Addresses on Ethereum plunge  An address is considered active when involved in a transaction as either a sender or receiver of funds. The number of Active Addresses is a measure of usage and an indicator of a particular cryptocurrencys popularity.  The chart below shows Active Addresses for USDT, USDC, BUSD, and DAI

2023-04-14Ethereum

Bitcoin Set to Eclipse Ethereum’s 5-year Returns

Bitcoin and ether are crypto‘s blue chips. And much like tech giants Apple and Microsoft, they’ve attracted distinct and loyal communities, leading to a natural rivalry.  Bitcoin (BTC) and ether (ETH) are also increasingly correlated. In fact, theyre moving more in tandem than ever before.  But BTC is still the market leader. It commands almost half of the entire crypto capitalization, its dominance now at one-year highs. Thats still less than the 2018-2019 bear market, when bitcoin dominance was as high as 71%.  ETH meanwhile makes up nearly 20%, more than double what it was when the market bottomed last cycle. Comparing returns since Apr. 2018 shows bitcoin outstripping ether for most of that interim —- until May 2021.  Bitcoin was just coming down from reaching $60,000 for the first time, while ether was correcting after attempting to break $4,000.At that point, bitcoin had returned around 550% since the first inning of the previous bear market, going from $7,900 to nearly $51,000. Ether had just eclipsed bitcoin, having jumped more than 700%.  Ether would hold onto that lead for practically the entire bull market and then some. Bitcoin has gained ground though, thanks to a falling ETH-to-BTC ratio (down 13.5% over the past year).  BTC is

2023-04-14Ethereum
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