$86,132.00
1.92%$1,884.82
-0.38%$2.14
-0.57%$606.27
-1.76%$128.45
0.83%$0.999944
0.01%$0.173504
0.73%$0.689483
0.56%$0.237736
0.75%$1,880.51
-0.62%$85,995.00
2.01%$4.05
-0.78%$13.88
-1.59%$9.38
0.65%$0.271027
-1.25%$2.49
1.38%$2,248.49
0.16%$19.39
-0.91%$0.999991
0.02%$0.00001256
-2.62%$0.169705
-1.86%$84.00
-1.28%$4.15
-2.17%$6.32
0.26%$307.73
-1.55%$4.61
-0.17%$1,884.73
-0.33%$0.999677
-0.03%$0.997362
-0.29%$0.686453
-3.71%$13.68
1.39%$2,001.77
0.26%$28.08
-0.63%$218.49
0.52%$6.15
-1.01%$5.35
-0.65%$2.67
0.30%$0.00000753
-1.56%$1.046
0.05%$0.104782
3.35%$47.59
-1.54%$86,056.00
1.91%$22.68
0.13%$34.36
2.45%$0.806458
1.56%$0.852917
4.78%$0.997625
-0.43%$5.34
-2.73%$16.55
-3.06%$160.39
-4.52%$1.17
-0.56%$10.55
1.90%$0.02298363
-1.58%$4.44
-0.51%$228.10
-1.10%$1.00
0.00%$0.362541
0.07%$3.62
-1.87%$86,157.00
1.84%$2.82
-2.69%$3.12
-1.45%$0.06731
-0.17%$4.04
0.42%$0.197528
-3.18%$0.190415
0.35%$0.504323
-1.91%$0.330337
-1.90%$10.86
-0.58%$85,627.00
1.61%$0.809575
16.11%$0.738697
-3.07%$4.61
-2.02%$0.457212
-4.46%$1,396.12
1.65%$0.412181
-3.33%$1,876.15
-0.65%$1,955.54
-0.56%$1.081
-0.44%$0.067714
-2.37%$133.50
0.04%$69.66
-2.74%$0.403672
-1.92%$0.998638
-0.34%$0.785287
-4.06%$0.00001234
3.28%$0.517116
-3.40%$2,126.96
-0.54%$0.612822
-2.28%$0.997875
0.01%$8.83
-1.96%$14.93
1.89%$0.998859
-0.18%$0.173809
-1.58%$0.088111
-4.45%$0.01347129
-2.95%$0.82544
-2.87%$1.00
-0.07%$0.877611
-2.58%$3,150.68
-0.64%$7.13
-4.69%$84,618.00
1.99%$603.50
-2.07%$1,997.16
-0.28%$1.00
0.01%$0.582292
5.27%$2.25
-1.59%$85,598.00
1.57%$3,139.04
-0.30%$0.524227
-2.66%$0.01555073
-2.63%$0.654852
-2.29%$0.272069
-2.45%$0.00000066
-0.13%$40.25
0.22%$1.001
0.07%$0.173181
-2.39%$0.108133
2.78%$31.94
-2.26%$0.999585
-0.02%$164.70
1.37%$0.383842
-2.55%$1,958.60
-0.54%$1.94
7.37%$0.00005811
-2.95%$1.88
-4.23%$3.04
-1.51%$7.18
-4.37%$141.04
1.25%$0.542592
2.04%$16.11
-1.63%$0.999719
0.07%$1.90
10.96%$0.143429
-1.64%$0.0106044
-6.08%$3.16
7.92%$0.073068
-2.98%$0.998413
0.09%$85,027.00
1.85%$0.490241
0.15%$0.631573
-4.49%$0.51755
-1.54%$0.00514677
6.12%$0.999997
0.05%$1.00
0.04%$16.43
-1.00%$0.247719
-2.68%$2.88
-4.17%$27.25
-2.00%$1,997.26
-0.36%$0.715291
0.55%$0.172764
0.67%$85,963.00
1.86%$0.00000044
0.54%$1.001
-0.12%$0.397333
0.09%$85,642.00
1.08%$0.084142
3.35%$1,883.41
-0.42%$0.144693
-5.43%$1.18
-1.74%$0.412655
-3.63%$1,879.81
-0.57%$1.083
-0.01%$1.001
-0.17%$0.04278171
-4.15%$110.53
0.01%$1,877.52
-0.60%$0.00001996
-0.60%$43.42
-6.71%$0.600372
-0.13%$1.10
0.34%$5.87
-9.63%$85,651.00
1.91%$1,962.75
-0.73%$0.458079
-5.90%$0.181414
-0.55%$0.006761
-6.15%$0.00630265
-4.96%$0.838867
-3.33%$0.999134
-0.02%$0.197414
-3.57%$1,882.66
-0.54%$0.363394
-3.41%$1.002
0.08%$0.599542
0.99%$4.81
-16.16%$0.421762
-7.36%$1,879.41
-0.72%$0.00006021
-1.56%$0.998256
-0.52%$0.0051292
-4.66%$0.0319838
3.19%$0.0319287
-1.33%$120.58
-0.92%$1.26
5.23%$0.00000153
-5.41%$0.00367939
-5.29%$0.00911886
-0.62%$1,870.34
-0.10%$2.71
-2.99%$1.41
-7.52%$0.238919
-2.79%$1,882.03
-0.38%$1.19
-5.56%$3.58
-2.48%$2.94
1.87%$0.634798
-1.66%$0.00319696
13.83%$0.999533
0.08%$85,803.00
1.95%$85,760.00
1.73%$0.233244
-6.37%$22.15
-2.64%$0.193716
-0.78%$1,982.04
-0.60%$3,125.56
-0.16%$2,060.66
-0.36%$0.523327
0.43%$0.00050281
9.58%$0.254901
-2.46%$15.58
-4.44%$0.107513
26.72%$0.00334639
0.14%$2,048.02
-0.20%$0.031407
4.00%$1.00
-0.12%$0.117727
0.09%$1,726.61
1.84%$0.527394
-1.63%$0.104713
-3.24%$0.03432058
-2.17%$1,879.43
-0.31%$21.40
2.67%$0.064038
-5.50%$0.686951
-9.85%$0.00221787
-3.38%$0.077376
-5.20%$0.934621
-12.30%$0.01138245
-1.90%$0.525194
-0.04%$0.216797
3.34%$0.890055
-5.17%$0.0283111
-4.81%$0.00241591
-1.60%$85,510.00
1.54%$0.00462371
-3.66%$0.999705
0.01%$0.631736
-4.41%Reading
As Ethereum’s largest upgrade since the network’s 2015 inception is expected within roughly a week’s time, the price of the industry’s second-largest cryptocurrency has recently been on quite a rollercoaster.
Last month, the cryptocurrency briefly surpassed the psychological $2,000 level, but the momentum didn’t last long, as the asset fell back to within the $1,500 - $1,700 range.
Ethereum, currently trading at about $1,610, surged 6% over the past 24 hours to recover from a sudden—and what seemed to be a rather speculative—dip the day before, when it fell close to $1,500.
A more interesting development, however, is Ethereum’s historical contest against Bitcoin (BTC)—the market’s oldest and largest cryptocurrency by market capitalization.
While the so-called “flippening”—an event in which Ethereum's market cap eclipses Bitcoin's—may have not happened as of yet, the price of ETH against BTC has been on quite a decent run since mid-June.
Dan Held is an old-school Bitcoiner who has been in the space since the very beginning; he sold his price app ZeroBlock to Blockchain.info in 2013. But while he's largely seen as a Bitcoin maximalist by his half a million fans on Twitter, he tells Dan Roberts and Stacy Elliott he's a "permissive" and "open-minded" Bitcoiner: he's watching the Ethereum Merge closely, and he admits Ethereum's move to proof of stake will put pressure on Bitcoin's energy use. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
As data from CoinMarketCap shows, the ETH:BTC ratio hit 0.08514 Bitcoin per 1 Ethereum late on Wednesday night, which is the highest level the pair has been trading this year.
It is also the best performance for Ethereum versus Bitcoin since December last year, when the market—fresh from its historical heights—was on the verge of a downward spiral that eventually took the price of Bitcoin below $20,000.
Whether this bullish trend is already priced in the merge—Ethereum’s imminent transition from proof-of-workproof-of-work (PoW) to a less energy-hungry proof-of-stakeproof-of-stake (PoW) system—is anybody’s guess. Still, it will be definitely interesting to see how the events develop over the next few weeks and months.
Still, as Dan Held, the head of growth marketing at Kraken, recently told Decrypt, Ethereum’s forthcoming merge is likely to add more pressure on Bitcoin, which, in turn, may also translate into future price movements.
Specifically, as Held noted, this may be relevant when the Bitcoin vs Ethereum narrative comes to the attention of the growing army of environmentalists concerned with Bitcoin’s energy consumption.
"I do think it will add pressure to Bitcoin's energy consumption, because they'll point to Ethereum and say, 'Hey, this blockchain'—I'm talking from a layperson's perspective here—'this blockchain isn't using very much energy at all, and you're using a lot.' And that's it. They're not going to understand proof of stake versus proof of work, or anything else."
Bitcoin is up 2% over the last day, trading at $19,182 by press time.
Solana meme coin Act I: The AI Prophecy (ACT) crashed 55% in less than an hour on Tuesday, as millions of dollars worth of positions were liquidated on Binance. This has led to a campaign across social media to stop using the popular centralized exchange, spurred on by the hashtag #BoycottBinance. Traders believed these liquidations came following the exchange changing its leverage and margin tiers. Put simply, Binance increased the amount of collateral traders needed to keep leveraged positions...
Bitcoin could soon find a place on state balance sheets, with Alabama and Minnesota both pressing ahead with legislative frameworks for state Bitcoin reserves. In Minnesota, House File 2946, also called the Minnesota Bitcoin Act, introduced by Rep. B. Olson (R-MN) on Tuesday, would allow the state to invest in Bitcoin directly. Its Senate counterpart, SF 2661, was introduced earlier in March. The identical bills seek to authorize the State Board of Investment to allocate public funds into Bitcoi...
Dogwifhat organizers have given up on their goal of advertising the prominent Solana meme coin on the Las Vegas Sphere, over a year after nearly $700,000 worth of crypto was raised for the campaign. This comes after the token’s official X account hinted in late January that the dog would appear on the exosphere in Q1 2025. Late Monday, pseudonymous organizer GamesMasterFlex, also known as Edward, took to X (formerly Twitter) to state that the push to put the pup on the Sphere has ended, and that...
