Ethereum (ETH)

BTC briefly accounted for almost 42% of the overall crypto market cap in late January, according to the statistics from CoinMarketCap and TradingView.Bitcoin (BTC), since the jump, has been the biggest thing in the crypto scene. Its dominance for some time was unrivaled as the digital coin somewhat decided the outcome of the market with its performances, taking altcoins along for a ride in either win or loss scenarios.The influx of new altcoins into the crypto market, all with the same...

Phantom also revealed that it now has 2 million active users on its platform within six month.Developers of the Solana Web3 wallet app, Phantom, have announced that they raised $109 million in the second series of funding ed by Paradigm. This elevates the company into a unicorn status with a $1.2 billion valuation.This new funding round continues Phantom’s mission to expand into other blockchains. Speaking on this development, CEO Brandon Millman revealed that Solana Phantom wallet’s...

Coinbase announced support for two major SOL coins – FIDA and ORCA. this is for the first time that Coinbase is supporting non-Ethereum coins.In a high relief for Solana investors, SOL has reversed the downfall gaining 16% in the last 24 hours. As of press time, SOL is trading 16.96% up at a price of $106 with a market cap of $33.4 billion. The latest price surge in Solana  (SOL) comes partly because of the broader market recovery and partly due to the Coinbase announcement. On Monday,...

Ethereum price started a fresh increase from the $2,150 zone against the US Dollar. ETH price is now trading above $2,500 and the 55 simple moving average (4-hours). There is a major rising channel forming with support near $2,555 on the 4-hours chart (data feed from Coinbase). The pair could continue to move rise if there is a clear move above the $2,800 resistance. Ethereum price is showing positive signs above $2,500 against the US Dollar. ETH/USD might rally if there...

The leading German stock market operator – Deutsche Börse – noted that cryptocurrency exchange-traded products (ETPs) had been highly attractive options for investors over the past year. The company outlined that the average monthly trading turnover in crypto ETNs surged to more than $1 billion, or +922%, than in 2020 ($115 million). Crypto ETPs with a Record Performance Deutsche Börse presented the record numbers in its most recent report. To meet the growing demand for...

Bitcoin, Ethereum, and many leading digital currencies have all fallen over the past few days. No doubt the crypto industry is suffering like it never has before, and yet not everyone is convinced the space is going to the gutter. Cathie Wood, for example – the woman in charge of Ark Invest – is suggesting that bitcoin cold potentially hit $1 million by the year 2030. Cathie Wood Is Positive About Bitcoin In addition, with Ethereum’s market capitalization on the rise,...

One simple mistake cost a trader $500,000, sparking intense debate in the Ethereum community over security and user experience. To Lose $500K Worth of WETH A post titled “Did I just lose half a million dollars by sending WETH to WETH’s contract address?” made its way to the top of r/ethereum. “Sent ETH to WETH contract and got WETH back (after some googling I found this is how the contract works). Assumed it works the same way backwards and sent WETH back to the contract. No...

In light of mounting criticism and complaints from the crypto community, one of the largest NFT marketplaces, OpenSea, has reimbursed about $1.8 million to users who were affected by the recent hack on its platform. On January 24, 2022, some OpenSea users saw their valuable NFTs sold at rock-bottom prices by hackers who leveraged a flaw on the OpenSea listing process to purchase those NFTs at almost 98% discounts and subsequently resell them for much higher. The OpenSea...

Ethereum managed to break above $2,600 after buyers took control of the short-term price action. Since recording a 6-month low on Monday ($2160), ETH recovered over 20%. Key Support levels: $2,550, $2,200 Key Resistance levels: $2,805, $3,000 ETH had seen a positive weekend so far, managing to break and daily close above the critical resistance at $2,550 which has now turned into support. The immediate resistance is now found at $2,805 and if ETH maintains the bullish...

Bitcoin tried to take down $39,000 but was stopped and dropped to its current level of around $38,000. Most altcoins are slightly less fluctuating today, with Ethereum standing at $2,600. Chainlink and Axie Infinity are among the best performers. Bitcoin Stands Still at $38K It was just a few days ago when the primary cryptocurrency dropped two consecutive times to $35,500 after failing to overcome $36,000. However, the bulls stepped up at this point and pushed the asset...