Ethereum Watch

Advertisements Cryptocurrency exchanges continue to see significant Bitcoin (BTC) outflows since Black Thursday (mid-March 2020). Balances have reportedly declined by a staggering 12.7% year to date (YTD). This emerging trend of deposit displacement likely indicates a growing appreciation for Bitcoin as a haven asset. Meanwhile, the reverse is true for Ethereum as ETH deposits on […]

Advertisements A number of Ethereum transfers have been made over the past 24 hours with excessively high transfer fees. This has resulted in a lot of speculation from the cryptocurrency community, who are quick to react when something is afoot. Two Ethereum transactions have been flagged for having massive transfer fees, which could be the […]

Advertisements Decentralized financial markets (DeFi) have made a remarkable recovery since the mid-March COVID-19 crash. So much so, that the total locked value has again surpassed $1 billion. The DeFi ecosystem took a big hit three months ago when the Ethereum price crashed by 50%, wiping out a considerable amount of locked-up crypto collateral. The […]

Advertisements Ethereum has recorded higher daily total network fees than Bitcoin for two consecutive days. The rare event indicates increased activity and growing adoption for the network. On June 6, Ethereum’s daily total network fees topped that of Bitcoin. Ethereum has accrued an average daily network transaction total of roughly $502,000 and $546,000 on June […]

Advertisements Around $9,765,000,000 is currently locked up in staking contracts across various cryptocurrency networks. The combined value of all such contracts has been steadily growing since the crash in cryptocurrency prices that bottomed in mid-March of this year. The current all-time high for staking contracts occurred on Feb 14. At the top, investors hoping to […]

Advertisements Bitcoin spent much of Thursday staying afloat above $9,400 while gradually making gains, albeit at a relatively humble place. At just about $9,770 as of this writing, the BTC-USD pair is fighting hard to triumph over the resistance in the $9,700-$9,800 area. As outlined by BeInCrypto’s technical analyst Valdrin late yesterday, Bitcoin is currently […]

Advertisements The Bitcoin community is certainly no stranger to sudden price drops that are very rapid, deep, and volatile. However, the plunge that brought the alpha cryptocurrency down by some $800 in as little as five minutes yesterday came as a rude shock to many traders who were virtually left stranded on the wrong side […]

Advertisements Ethereum is on the move in terms of development and price with the recent successful deployment of a number of layer-2 (L2) scaling solutions. Scaling has long been an issue that has plagued the Ethereum ecosystem; however, that has not stopped developers rolling out new solutions and platforms for it. Ethereum co-founder, Vitalik Buterin […]

Advertisements The weekend was pretty uneventful for the world’s top cryptocurrency as the BTC-USD pair maintained quasi-stability around $9,500. Which way the price will sway from here still remains fairly unclear. There is a growing bearish divergence in the RSI as well as a bullish cross between the 50 and 200-hour moving averages (MA) recently. […]

Advertisements Coinbase is about to airdrop OmiseGo tokens to its customers that have stored Ethereum in their wallets for the last three years. The news of this airdrop came to light when Twitter user Jordan Spence (@spencecoin) shared a message that he received from Coinbase. The message explained, since he had stored Ethereum in his […]