Bitcoin and Ethereum fell 15% and 20%, respectively, in one day, but why so much and so quickly? The price of Bitcoin (BTC) and Ether (ETH) fell by 15% and 20%, respectively, on April 23 as the cryptocurrency market became engulfed in a major correction. Five factors likely caused the price of Bitcoin and Ethereum…
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Canadian stock market investors will soon have a wide range of options to choose from when it comes to Ethereum ETFs. While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as…
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$250 million in Ether options are set to expire on April 23, and derivatives data shows bulls still have a slight advantage. Ethereum paved the way for lower transaction costs with its Berlin upgrade on April 15. However, traders already know that Ethereum Improvement Proposal 1559 is the most anticipated and controversial change scheduled for the…
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Ethereum options traders are placing big bets on an ETH rally in June as EIP-1559 approaches. The price of Ether (ETH) is continuing to rally, reaching $2,000 on Friday on the back of strong technical momentum following a high-profile announcement from Visa. As Cointelegraph previously reported on Sunday, Visa will allow its partners to use USD…
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The two largest cryptocurrencies revisit significant price levels with sellers rapidly disappearing from exchange orderbooks. Bitcoin (BTC) briefly hit $60,000 on April 2 in the latest installment of its slow grind back to all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price taps $60,000 Cointelegraph Markets Pro and TradingView showed bullish tendencies remaining…
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Ether exchange reserves are falling quickly, with outflows hitting yearly highs and boosting market sentiment around ETH. Ether (ETH) reserves on exchanges are continuing to decline despite being at historic lows. This trend indicates a supply shortage of ETH across major trading platforms following the release of an Ethereum 2.0 deposit wallet for staking. As…
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The price of Ether saw gains in its BTC pair on Monday as Bitcoin price dropped below $60,000. Bitcoin’s (BTC) price made another new all-time high above $60,000 over the weekend. However, the same cannot be said for Ether (ETH), and the market in general didn’t show much strength thereafter for a continuation. As a result,…
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Critics say Ethereum’s soaring gas fees will cause the project to fall victim to its competitor blockchains but on-chain data suggests otherwise. Ether (ETH) remains the second-largest cryptocurrency and it absolutely dominates the smart contract industry according to an array of network usage metrics. Even though the network has been overwhelmed by peak activity which…
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Users and investors delight as EIP-1559 is scheduled for July, but ETH miners are less than thrilled. A hotly awaited upgrade to the Ethereum network that may result in ETH becoming a deflationary asset is now scheduled for the “London” hard fork in July. Ethereum lead developer Tim Beiko previously teased that the decision would…
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Ether price is attempting to conquer $2,000 as the Ethereum blockchain is seeing increasing demand. The price of Ether (ETH) is surging past $2,000 with strong momentum while gaining a bit of ground on Bitcoin (BTC) in the last 24 hours. There are three key reasons behind the explosive rally of Ether, namely the rapid…
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