Ethereum Watch

Bitcoin’s price has been reflecting strong buyers’ momentum in the market on 30 March. As the clock struck midnight, BTC’s value started to climb steadily from $5,918 to $6,300 within 6 hours. The price continued to rally, at press time, and hinted at a shorting behavior in the market. BTC was being traded at $6,299.04. […]

Ethereum saw a dip in its ‘funding rate’, observed across three exchanges- BitMEX, ByBit, and Deribit. Although a dip in funding rate is not an important update, the extent of the dip was noteworthy. Advertisements ‘Funding rate’ is used on margin trading platforms like BitMEX, Deribit, etc to maintain the peg of derivative products. Take, […]

Altcoins faced the wrath of the market after Bitcoin slid from $9,000 to $4,000. This brutal dip in the value of Bitcoin came following the sudden correlation with the stock markets. However, for altcoins, such falls are usually due to their correlation with Bitcoin. Advertisements With Bitcoin being the most widely traded cryptocurrency [excluding stablecoins], […]

For the Ethereum ecosystem, decentralized finance (DeFi) has become one of its most promising ventures. In a world where finance and tech seem to overlap more often than not, coupling finance with the immense benefits of a decentralized blockchain can revolutionize the ecosystem drastically. Advertisements On the latest episode of the Epicenter podcast, Joseph Lubin, […]

The fag end of 2019 saw a rise in the decentralized finance [DeFi] market. Bitcoin (BTC) was the first implementation of decentralized finance, with the second wave of DeFi including the Ethereum blockchain, a development that added another layer of programmability to its blockchain. Investors could now borrow, lend, trade, exchange, hedge, and store cryptographic […]

There are quite a few factors that influence the growth and consolidation of the digital asset industry. Whether it is institutional involvement or popular market sentiment or even a political event, the market has shown a tendency to be affected by a host of variables. Advertisements However, recent data suggests that the contributory factors to […]

It has been close to 2 weeks since the market crash took place and since then, the charts of major assets have significantly stabilized. Ethereum continued to exhibit sideways movement between $123 and $135 but at press time, it remained just above the resistance at $135. Advertisements At press time, the market cap continued to […]

Showing clear signs of revival, Bitcoin went up by a whopping 21% between 23 and 24 March. During this time, the king coin’s price climbed close to the $7,000 level. However, despite continuously trying to establish a higher foothold after the great fall in the second week of March, Bitcoin again retraced its steps back […]

Bitcoin has cemented itself as the world’s largest cryptocurrency, with Ethereum in second place with a market cap of $15 billion. However, in the digital asset lending market, Ethereum’s decentralized finance applications and DeFi have also established themselves. In fact, earlier in 2020, the total value locked in DeFi had exceeded $1 billion. Advertisements Interestingly, […]

Ethereum has had a tough journey this bear market, following its strong correlation with Bitcoin. Despite the losses incurred by the second-largest cryptocurrency, however, it was still reporting 4.01% in returns for investors in 2020. In the meantime, ETH’s correlation with the traditional asset class seemed to have surged over time and was, at press […]