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Year: 2024

cryptocurrency January 24, 2024

An Ethereum (ETH) whale has recently executed a series of transactions, carrying out a considerable movement of funds across various platforms. The blockchain analytics platform Spot On Chain initially brought to light this activity, involving roughly $46.02 million in ETH tokens. Advertisements Deciphering The Whale’s $46M ETH Transfer Across Major Platforms The whale, operating through […]

cryptocurrency January 23, 2024

Advertisements Since ETFs were approved, the Ethereum Coinbase Premium Gap has declined. The coin’s price remained prone to swings despite the decrease in volatility. Ethereum’s [ETH] Coinbase Premium Gap has shrunk since the launch of Bitcoin [BTC] spot exchange-traded fund (ETF) on the 10th of January, data from CryptoQuant revealed.  This metric tracks the difference […]

cryptocurrency January 22, 2024

Advertisements Before the BTC spot ETF approval, the active validator count on Ethereum fell.  The network’s participation rate, which dropped before the ETF approval, has climbed. The number of active validators on the Ethereum [ETH] Proof-of-Stake (PoS) network has seen a sharp uptick in the past week. This is after a period of decline before […]

cryptocurrency January 21, 2024

Advertisements ETH was down by more than 2% in the last 24 hours. Buying pressure on Ethereum was high, and whale activity increased. Ethereum [ETH] once again proved that it is the king of altcoins, as it outshone the rest. If the latest data is to be considered, ETH was the leader in recent volatility […]

cryptocurrency January 20, 2024

Advertisements Ethereum’s correlation to Bitcoin declined as prices fell. New developments on the Ethereum network may help ETH in the future. Bitcoin [BTC] was in the limelight for quite some time due to anticipation around the ETF. Due to this, Ethereum [ETH] got left behind and the correlation between the two coins witnessed a decline. […]

cryptocurrency January 19, 2024

In an encouraging development for the crypto space, Tether, the issuer of the world’s largest stablecoin USDT, has doubled down on its Bitcoin investment momentum by acquiring a staggering 8,888 BTC, further diversifying its portfolio.  Advertisements Tether Increases Its Bitcoin Holdings Tether has recently made its third largest Bitcoin purchase, as the stablecoin issuer added […]

cryptocurrency January 19, 2024

Advertisements Bitcoin and Ethereum hit historic profit levels. ETH and BTC have yet to sustain uptrends in price. Bitcoin [BTC] and Ethereum [ETH] have reached historic profit levels despite recent price fluctuations. As profits surged to noteworthy milestones, the number of holders has also steadily risen. Bitcoin, Ethereum hit historic profit levels An analysis of […]

cryptocurrency January 19, 2024

Ethereum (ETH) is down nearly 10% from its local top. Hence, a whale chose to buy the dip and withdrew 3,600 ETH worth $8.9 million from Binance. Advertisements The broader crypto market, including the flagship crypto asset – Bitcoin, is struggling in January. However, some whales are utilizing the opportunity to accumulate these crypto assets […]

cryptocurrency January 18, 2024

Deribit Ethereum (ETH) options contracts with a strike price of $2,550 are set to expire on Friday. There are over 24,600 outstanding contracts worth more than $62 million at this price, even as the ETH’s price is $2,541.79 ahead of an exchange-traded fund (ETF) approval deadline in May. Advertisements The large volume of contracts appears […]