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cryptocurrency

cryptocurrency January 16, 2024

Advertisements EigenLayer’s weekly ETH deposits doubled. EigenLayer’s total value locked (TVL) soared to $1.67 billion at press time. While spot ETFs, real-world assets (RWA), layer-2 solutions, and other popular narratives dominate crypto-related talks these days, slowly but surely a lesser-known category was catching up – Ethereum [ETH] restaking protocols. Increase in native ETH on restaking protocols […]

cryptocurrency January 16, 2024

Amidst a volatile crypto market, Ethereum (ETH) is gaining momentum, outperforming its long-time rival Bitcoin (BTC). According to Kaiko data, the ETH/BTC ratio has steadily risen, rebounding from multi-year lows.  Advertisements ETHBTC ratio trend | Source: Kaiko on X ETH/BTC Ratio Rising, ETH Momentum Building The ETH/BTC ratio technically gauges market sentiment towards these two leading […]

cryptocurrency January 15, 2024

Advertisements ETH reclaimed the $2,500 level and its weekly returns stood at an impressive 14.5%. Nearly 66% of all whale positions on ETH were long. While Bitcoin [BTC] proved to be a dampener since the official clearance of its spot ETFs, the focus shifted to Ethereum [ETH], which clocked double-digit gains over the past week. […]

cryptocurrency January 15, 2024

The Ethereum price might be doing well post-spot Bitcoin ETF launch, but recent moves by Celsius threaten to destabilize the price movement. The now-bankrupt crypto lender seems to have begun its reimbursement plan to its creditors, as on-chain data reveal the movement of its ETH holdings to crypto exchanges. Advertisements According to crypto market intelligence […]

cryptocurrency January 14, 2024

Advertisements Celsius has begun transferring its ETH holdings to exchanges. CEL’s future Open Interest has continued to plunge. Bankrupt cryptocurrency lender Celsius Network [CEL] has transferred over $125 million worth of Ethereum [ETH] to major exchanges within the past week, data from Arkham Intelligence revealed.  Information retrieved from the data provider showed that Celsius has […]

cryptocurrency January 14, 2024

Ethereum has staged a remarkable coup, outshining Bitcoin with a 14% surge in just two weeks. This week, the digital currency shattered a key psychological barrier, surpassing $2,600 for the first time since May 2022. This decisive breach, backed by strong fundamentals and an increasingly bullish sentiment, could pave the way for Ethereum’s ascent to […]

cryptocurrency January 14, 2024

Advertisements Larry Fink thinks a spot Ethereum ETF  has value. ETH rose in dominance on the back of the spot BTC ETF approval. The approval of a spot Bitcoin ETF has led to speculation about increased possibilities for other assets to have their spot ETFs, particularly Ethereum [ETH]. The CEO of BlackRock recently expressed this […]

cryptocurrency January 13, 2024

The winds of change are swirling through the once-Bitcoin-dominated cryptocurrency landscape, as Ethereum (ETH) stages a stunning rally, leaving the reigning king, Bitcoin (BTC), in its wake. Advertisements Just days after the highly anticipated approval of Bitcoin’s spot ETF, a paradoxical scene unfolds: ETH soars 13.5%, scaling a 9-month high above $2,650, while BTC stumbles […]

cryptocurrency January 13, 2024

Advertisements The altcoin market has witnessed significant growth in the last 24 hours. ETC and ENS have seen their values rise by double digits. The cryptocurrency market is experiencing a significant surge following the landmark approval of spot Bitcoin ETFs. This long-awaited decision has led to a widespread rally in the values of several assets. […]