
Ethereum follows Bitcoin

Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$107,474.00
1.35%$2,591.29
1.38%$2.38
0.03%$660.80
1.43%$170.69
0.85%$0.999893
0.00%$0.232096
2.71%$0.760253
2.48%$0.270795
-0.12%$2,589.28
1.24%$107,393.00
1.36%$3.89
0.97%$3,117.82
1.43%$16.01
-1.02%$22.77
1.47%$0.290365
1.44%$26.54
-0.19%$0.00001481
0.96%$0.197039
0.26%$8.82
1.32%$399.06
1.34%$3.08
0.79%$95.64
-2.04%$4.75
2.18%$2,591.10
1.42%$0.99986
0.01%$363.41
4.48%$2,765.28
1.21%$5.20
0.00%$0.999662
-0.12%$0.815796
10.80%$0.00001395
4.49%$1.001
-0.01%$107,501.00
1.45%$30.22
0.18%$260.13
-2.49%$6.34
5.31%$423.08
0.68%$2.84
0.72%$5.23
0.20%$52.55
0.24%$205.09
1.11%$0.958929
1.14%$0.111585
1.62%$1.00
0.00%$0.097023
-0.14%$14.49
12.36%$35.98
-0.90%$5.35
1.39%$18.66
0.14%$21.74
0.84%$0.746522
1.59%$0.02892106
1.99%$1.17
0.08%$4.73
1.19%$1.052
0.02%$0.393796
3.82%$4.99
3.00%$0.999745
-0.11%$106,921.00
1.10%$0.233546
-0.54%$0.784842
5.22%$0.228006
1.20%$0.403449
1.98%$2.89
0.49%$4.40
0.24%$2.70
0.67%$1.14
-0.30%$0.510609
1.16%$4.58
0.58%$0.00002043
3.04%$2,586.99
1.29%$0.521443
4.88%$0.999102
0.03%$11.70
-0.67%$180.75
1.48%$99.03
3.40%$2,702.05
1.32%$0.91227
5.56%$1.33
9.25%$107,309.00
1.27%$1.97
-0.98%$1.29
2.15%$4.56
-3.52%$0.01902754
-0.00%$0.744189
3.08%$0.6642
1.05%$2,944.38
1.29%$1,766.83
-0.40%$0.226687
0.88%$12.37
1.32%$0.78268
0.26%$1.00
-0.05%$0.071352
-0.54%$0.113847
2.48%$1.014
3.74%$0.744012
1.01%$0.00010081
1.93%$2,756.11
1.18%$3.26
2.79%$220.45
1.20%$0.911612
0.43%$660.33
1.26%$0.999567
0.02%$0.999799
-0.21%$189.23
1.10%$0.01839962
1.89%$0.01984731
4.07%$107,256.00
0.72%$1.00
0.02%$107,958.00
2.15%$0.01304722
3.68%$0.916537
2.09%$2,716.58
1.00%$0.651707
2.03%$3,307.78
2.85%$3,319.70
2.74%$0.226246
0.55%$0.31611
1.40%$0.770525
-0.84%$2.37
3.22%$2,706.94
1.34%$22.77
1.42%$0.130595
-4.38%$4.03
0.85%$12.80
1.71%$0.00000073
-0.63%$0.770847
2.93%$35.95
1.37%$4.40
0.24%$0.069994
1.52%$0.117715
0.30%$107,023.00
1.77%$2.02
1.33%$41.82
3.14%$0.628516
0.46%$0.01943527
-1.53%$0.999993
0.08%$0.411667
0.82%$0.997877
0.04%$1.83
2.01%$2.06
-0.45%$2.27
12.05%$111.12
0.01%$0.32633
0.78%$0.231523
2.55%$1.11
-0.10%$2,591.84
1.76%$2,592.28
1.75%$0.6794
3.87%$107,582.00
1.52%$2,663.79
1.39%$2,767.14
1.85%$0.999894
-0.00%$18.54
0.81%$2.17
14.37%$0.669193
0.95%$0.633802
0.02%$0.439407
0.12%$0.00889939
2.08%$2,591.19
1.49%$107,132.00
1.12%$0.496217
11.22%$0.99872
-0.05%$3.01
-0.59%$7.42
0.11%$0.155409
2.02%$0.189734
2.00%$1.72
0.25%$104,790.00
2.18%$6.62
0.37%$0.183185
-0.13%$0.430044
0.72%$0.091626
2.52%$0.708712
0.50%$0.00504191
0.88%$0.064391
0.24%$0.00000117
7.64%$0.00002287
0.00%$0.04998062
-0.50%$0.461784
3.61%$0.999894
0.00%$0.096948
1.00%$1.36
3.54%$0.00000044
0.84%$1.46
5.40%$0.04488094
1.75%$0.448276
15.12%$2,578.90
0.99%$0.160489
2.74%$0.00801403
0.82%$0.171827
0.19%$1.087
0.00%$1.001
1.48%$106,863.00
1.92%$0.00469553
0.87%$43.41
-0.78%$1.00
0.21%$0.999925
-0.01%$3.22
1.53%$0.358479
-0.04%$2,740.96
1.58%$1.54
-0.60%$34.60
1.27%$0.00549653
-0.97%$0.836052
5.90%$0.03797017
5.72%$1.00
0.04%$1.10
0.13%$0.233628
-0.69%$0.01922165
-0.48%$1.00
-0.00%$0.00366697
1.92%$136.56
0.36%$0.379607
1.16%$2,844.36
1.24%$26.53
-0.36%$0.846351
1.17%$3.92
-0.60%$107,377.00
1.47%$0.00006328
0.40%$0.34164
4.27%$2,822.59
1.45%$0.305217
5.19%$0.00000163
3.22%$2,590.75
1.63%$1.001
0.02%$19.66
-0.38%$0.00076107
3.59%$0.230119
0.88%$0.790409
-3.39%$1.00
0.03%$22.72
1.23%$2,581.29
0.80%$0.253955
0.62%$0.999922
0.20%$0.694572
-0.12%$2,794.05
1.65%$18.71
-0.11%$2.73
-2.45%$0.00341271
1.90%$0.50531
1.08%$0.00283048
0.64%$23.66
-0.41%$0.679193
3.88%$0.00
2.57%$26.53
-0.34%$3.46
0.99%Reading
Top cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), have posted severe losses over the past week.
Bitcoin, the leading cryptocurrency with a market capitalization of roughly $382 billion, has plummeted 7.9% over the past week. It trades at around $19,990, down 1.6% over the past 24 hours, per data from CoinMarketCap.
Bitcoin held range-bound this week, trading between a weekly high of $21,804.91 and a low of $19,600.79.
The week’s bearish price action puts Bitcoin down 71.07% from its historical all-time high of $68,789.63 recorded in November 2021, according to data from CoinMarketCap.
Bitcoin long trades worth $166.42 million have been liquidated over the past week, too, per data from Coinglass. Short positions worth $85.37 million were liquidated over the same period.
The reason behind Bitcoin’s bearish week is likely the hawkish comments on the upcoming rate hike by U.S. Fed Chair Jerome Powell. Another 75-basis point hike is expected when the Fed meets later this month.
Despite the merge event just around the corner, Ethereum has also lost over 8% in the last week.
On a daily note, the second-largest cryptocurrency is trading at roughly $1,556, down 2% over the past 24 hours, per data from CoinMarketCap.
Ethereum reached a weekly high of $1,698.56, suggests data from CoinMarketCap. Still, the cryptocurrency has lost 68.44% of its value since its November 2021 all-time high of $4,891.70.
Ethereum liquidations have been nearly twice that of Bitcoin over the past week due to the asset’s extreme volatility.
Long trades worth a whopping $325.929 million have been liquidated in the past seven days. Short trades worth $262.41 million were also liquidated over the same period, as per data from Coinglass.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
The U.S. Securities and Exchange Commission has delayed its decisions on rules changes that would allow exchange-traded funds proposed by 21Shares tracking XRP and Grayscale based on the price of Dogecoin to begin trading according to filings on Tuesday. "The Commission is instituting proceedings to allow for additional analysis" that will help determine if the ETFs address securities exchanges rules "designed to prevent fraudulent and manipulative acts and practices' and “to protect investors,'...
Bitcoin is inching closer to its all-time high price mark, coming closer Tuesday afternoon than it has in four months with a jump to $107,000. The price of the leading cryptocurrency hit $107,000 on Tuesday according to CoinGecko, and bounced even higher per data from CoinMarketCap and crypto exchange Coinbase. At $107,000, Bitcoin is now less than 2% away from its all-time high mark of $108,786 set back in January on President Trump's inauguration day. Bitcoin has made a substantial rebound sin...
Bitcoin’s price remains on track to hit half a million dollars before Donald Trump's current term ends after government entities increased their indirect exposure to Bitcoin in the first quarter, according to Geoff Kendrick, global head of digital assets research at Standard Chartered, Whether it was South Korea’s National Pension Service, the Swiss National Bank, or U.S. state retirement funds, government entities’ recent holdings of Strategy—which owns around 576,000 Bitcoin—“was very encoura...