$102,955.00
-0.91%$2,401.28
-4.34%$2.31
-3.41%$639.41
-1.00%$161.25
-5.86%$0.999853
0.00%$0.216479
-2.94%$0.721225
-4.88%$0.262162
-3.76%$2,398.99
-4.33%$102,798.00
-0.77%$3.66
-4.68%$2,878.59
-4.59%$15.16
-3.63%$21.61
-6.36%$0.279843
-3.89%$25.44
-4.57%$0.00001401
-4.78%$8.62
-0.92%$0.186862
-3.96%$382.55
-4.42%$2.98
-3.90%$95.37
-3.37%$0.999852
-0.01%$4.48
-5.96%$2,401.37
-4.29%$344.69
1.46%$5.17
-1.53%$1.00
-0.01%$2,565.75
-4.10%$0.0000127
-4.27%$0.717549
-3.80%$1.001
0.07%$102,906.00
-0.95%$30.16
-0.35%$389.82
-8.40%$5.72
-4.02%$219.94
-2.58%$2.68
-3.58%$4.97
-4.50%$51.94
-2.32%$1.00
0.00%$193.66
-6.10%$0.890737
-5.01%$35.17
0.24%$0.094053
-5.10%$0.103931
-6.87%$5.04
-4.49%$17.70
-4.23%$21.37
-0.94%$12.47
-4.18%$0.726425
-1.21%$1.17
-0.03%$1.052
0.09%$0.02709877
-4.97%$4.39
-5.73%$1.00
0.01%$4.66
-2.98%$102,425.00
-0.97%$0.349369
-7.84%$0.230396
-3.47%$4.40
0.08%$0.718984
-6.60%$2.77
-4.14%$0.212942
-4.54%$0.369394
-5.87%$2.54
-4.50%$1.08
-4.80%$4.44
-2.69%$0.485315
-4.37%$0.995345
0.04%$0.00001886
-5.19%$2,398.00
-4.50%$11.58
-0.03%$1,652.48
-7.02%$169.59
-5.85%$0.471894
-7.81%$2,506.81
-4.63%$4.75
-1.86%$90.16
-4.43%$0.830529
-4.18%$1.26
-1.67%$0.01882184
-2.37%$1.18
-7.86%$1.80
-0.47%$0.7594
-5.84%$0.215703
-6.54%$0.999783
0.07%$0.615638
-7.27%$0.682569
-5.18%$2,732.53
-4.08%$0.071746
-1.57%$11.45
-5.52%$102,759.00
-0.93%$0.105723
-4.62%$0.942432
-7.12%$0.999572
-0.01%$0.999936
0.01%$638.58
-1.16%$2,560.03
-4.30%$0.0000923
-4.91%$3.04
-5.20%$0.652823
-5.30%$208.30
-6.03%$102,982.00
-0.57%$0.838248
-5.70%$178.50
-6.18%$0.0170753
-3.76%$0.01835346
-6.13%$3,244.37
1.17%$1.00
-0.01%$102,724.00
-1.65%$0.868586
-7.49%$101,696.00
-1.40%$0.216287
-4.23%$3,257.49
1.23%$0.613274
-5.86%$0.762538
-5.33%$2,519.66
-4.16%$0.01198179
-6.72%$0.300652
-3.91%$12.81
-0.37%$2.14
-4.60%$0.00000072
-3.54%$3.81
-6.10%$34.91
-3.09%$20.89
-5.25%$2,510.42
-4.20%$0.113425
-3.91%$0.01964832
-1.89%$0.997881
0.02%$0.064989
-12.82%$39.98
-2.57%$3.92
-1.93%$2.06
-0.86%$0.997227
-0.12%$0.597525
-4.37%$0.390428
-5.51%$0.659047
-4.36%$1.72
-5.29%$1.82
-6.36%$1.11
0.80%$0.317594
-4.90%$111.09
0.00%$2,401.01
-4.27%$0.216186
-3.03%$0.999991
0.03%$2,397.44
-4.44%$0.143101
-9.67%$1.88
-7.94%$102,878.00
-0.94%$0.639464
-1.29%$0.433389
-2.25%$17.79
-4.83%$0.608862
-4.41%$0.997991
-0.06%$2,555.47
-4.42%$2,469.59
-3.86%$0.624187
-4.31%$102,486.00
-0.74%$2,402.25
-4.34%$0.00827994
-6.04%$0.99981
0.00%$0.06526
0.10%$0.148836
-5.03%$7.06
-5.99%$1.91
9.24%$2.83
-5.95%$0.415305
0.12%$0.00487825
-5.04%$0.175799
-7.51%$98,949.00
-2.26%$6.26
-5.26%$0.438374
-1.96%$0.00002185
-4.69%$0.085632
-4.38%$0.04760849
-10.77%$0.172491
-5.25%$0.00000043
-2.56%$0.09113
-7.31%$0.425924
-7.82%$1.57
-1.95%$0.630599
-4.76%$1.087
0.00%$0.04217909
-4.56%$0.154149
-1.80%$0.999923
-0.00%$0.993115
-0.19%$2,397.43
-4.38%$1.24
-7.53%$0.00000102
-5.57%$0.00750684
-6.13%$0.999964
-0.05%$0.166883
-5.94%$1.28
-3.87%$41.68
-6.71%$1.00
0.02%$33.94
0.01%$0.230597
-3.44%$0.00438853
-2.35%$102,143.00
-1.48%$1.00
0.00%$1.48
-4.85%$0.01871139
-4.05%$0.372365
-4.46%$2.97
-7.09%$2,549.73
-3.76%$0.0035088
-2.74%$0.323588
-13.24%$25.45
-4.36%$0.00500157
-4.26%$0.03471734
-2.74%$0.361905
-5.20%$0.820309
-1.78%$1.10
0.12%$128.27
-4.22%$0.734999
-3.89%$2,642.11
-4.28%$0.00006013
-4.13%$102,898.00
-0.81%$3.60
-5.68%$19.85
-3.09%$0.99777
-0.14%$2,618.15
-4.26%$0.00000155
-8.61%$0.99983
-0.03%$0.313377
-11.05%$1.00
0.04%$2,402.04
-4.35%$0.241568
-5.76%$0.661461
-6.14%$0.00070366
-0.24%$17.86
-8.19%$0.211435
-5.32%$21.57
-7.35%$0.265794
-7.38%$2,585.27
-4.55%$2,389.15
-4.57%$25.43
-4.15%$0.567153
-0.72%$2.53
-5.13%$0.00315843
-5.42%$22.79
-2.99%$0.479313
-3.54%$0.9996
-0.06%$0.00269739
-6.02%$0.999055
-0.05%$3,203.87
0.00%Reading
Ethereum (ETH) continues its sideways trading pattern observed on Wednesday in the run-up to the network’s switch to proof-of-stakeproof-of-stake (PoS), changing hands at $1,591 at the time of this writing, or down 0.90% over the past 24 hours, per CoinMarketCap.
The industry’s second-largest cryptocurrency successfully completed its eagerly-awaited transition from proof-of-workproof-of-work PoW to PoS early Thursday, marking the beginning of a new era for the network.
Though enthusiasm before and shortly after the merge, as the transition is otherwise called, pushed Ethereum to $1,643, the momentum was quite short-lived, with prices plummeting fast below the $1,600 mark again.
Ethereum’s market cap is over $194 billion, and its 24-hour trading volume is $25.5 billion at press time, up about 10% over the day.
One specific chart suggests that investors may have anticipated the drop in prices following the merge, preparing to dump their holdings.
As the analytics platform CryptoRank shared earlier today, crypto exchanges saw a significant inflow of Ethereum in the days before the merge—from about 700,000 ETH on September 12 to almost 1.7 million ETH two days later.
Such inflows often occur when traders are going to sell their assets.
📈@Ethereum Inflow to Exchanges Spiked Before the #Merge
👉https://t.co/oLDJyganoa pic.twitter.com/xyM2O5g4M9
— CryptoRank Platform (@CryptoRank_io) September 15, 2022
Elsewhere in the overall subdued market, Ethereum Classic (ETC) is among those leading the charge as the PoW-based coin, which was created in 2016 as a hard fork of Ethereum following the controversial The DAO incident, is up 3.8% over the past day, currently trading at $38.61.
Also faring well today is LIDO, the native token of the liquid staking platform Lido Finance, which is up 7% in the past 24 hours.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Publicly traded Brazilian fintech company Méliuz has dubbed itself the South American's first Bitcoin treasury company after spending over $28 million on the cryptocurrency. Méliuz, a Brazilian household name that offers customers cashback coupons and trades on the country's oldest stock exchange (B3: CASH3), first announced its plans to buy Bitcoin in March, sending its stock soaring. And on Friday, after announcing it had snapped up 274.52 BTC for $28.4 billion, at an average price of $101,7...
Ukraine may be planning a strategic state crypto reserve, according to reports by local media. If it follows through, it would potentially join nations like El Salvador, Bhutan, and the U.S.—who all already have reserves. Yaroslav Zhelezniak, the country’s first deputy chairman of its Committee on Finance, Tax and Customs Policy, told local crypto publication Incrypted that he plans to submit a new bill for approval “in the near future,” claiming the bill is in the finalization stage. Kirill Kho...
A growing number of companies are launching Solana tokens as a way to circumvent traditional fundraising methods. Tokens linked to these companies are hitting market capitalizations in the millions or even tens of millions—despite growing concern that many of their products are “vaporware.” “Internet capital markets is itself a powerful meme, and it’s among the most significant and OG meta-narratives and use cases for crypto,” Alon Cohen, co-founder of Pump.fun, told Decrypt. “In principle, it r...
