Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$120,407.00
1.97%$3,613.26
8.24%$3.60
19.48%$731.70
2.56%$180.68
5.34%$0.999905
0.01%$0.231658
9.44%$3,607.96
8.27%$0.854718
14.24%$0.3214
4.10%$0.500674
11.56%$46.58
1.06%$120,434.00
2.20%$4,352.47
8.31%$4.02
2.46%$18.67
13.55%$0.287988
24.53%$24.28
9.18%$513.52
4.37%$3,874.55
8.46%$0.00001501
5.07%$3,617.29
8.38%$8.96
1.62%$3.26
3.67%$104.27
8.18%$0.999924
0.01%$1.001
0.14%$4.41
7.23%$45.98
2.37%$338.81
1.32%$9.93
11.92%$120,537.00
2.14%$0.00001384
3.56%$1.002
0.45%$4.87
4.07%$329.02
3.35%$423.06
-1.09%$0.122534
16.14%$2.92
7.95%$5.43
6.15%$0.446273
1.23%$1.071
13.26%$1.18
0.18%$21.13
8.36%$5.89
6.17%$219.89
5.73%$47.12
-0.06%$0.32561
16.36%$1.00
0.00%$0.810552
11.11%$0.00003514
-6.42%$0.097694
5.47%$0.401607
9.26%$0.465009
7.07%$0.02772976
10.29%$4.99
6.79%$0.246161
8.11%$4.27
7.88%$1.00
-0.11%$3,611.04
8.15%$0.360313
2.42%$10.33
5.03%$0.791563
3.58%$1.15
5.65%$16.34
3.48%$4.52
0.27%$2.81
7.11%$0.03034714
-2.03%$1.059
0.02%$192.09
5.34%$119,907.00
1.67%$1.89
5.73%$0.080813
2.20%$0.00484681
-10.76%$3,787.13
8.18%$4,112.04
8.35%$115.86
1.83%$0.55861
5.19%$4.99
2.62%$11.98
2.36%$1.52
8.70%$0.02173048
20.61%$1.00
0.03%$0.995611
-0.27%$1.061
14.90%$2.01
3.46%$14.34
8.01%$0.873522
8.49%$1.001
0.03%$3,868.23
8.38%$4.56
6.29%$0.08275
8.61%$1.34
2.49%$0.749802
7.39%$3,628.75
3.43%$0.00013202
2.08%$0.393776
5.27%$3,907.59
8.84%$3,807.78
8.56%$1.86
7.13%$1.001
0.05%$119,950.00
1.73%$1.098
3.33%$0.5719
6.27%$0.109033
6.56%$0.999488
-0.10%$1.12
21.07%$0.168988
11.03%$203.20
5.62%$0.248338
11.84%$120,402.00
1.94%$731.50
2.49%$28.72
9.42%$122,981.00
3.99%$3,340.40
-0.27%$2.67
6.54%$0.580032
4.87%$236.53
5.74%$1.11
0.11%$0.891952
7.04%$11.09
55.40%$0.999972
0.03%$0.01925987
7.50%$0.01767064
6.44%$3,337.51
-0.12%$0.953301
4.41%$0.333469
6.98%$2.98
1.85%$3,852.14
7.95%$3,614.02
8.50%$0.133294
7.64%$3,763.22
6.08%$46.07
4.93%$0.683873
5.11%$4.31
4.08%$111.83
0.01%$1.98
3.17%$0.00000071
2.52%$2.18
6.90%$0.260807
-1.20%$0.998899
0.05%$0.418788
4.90%$120,305.00
2.04%$3.56
11.94%$0.999924
0.00%$0.00000166
1.42%$0.335757
7.25%$0.01878023
-1.00%$3,616.64
8.62%$0.460159
1.15%$1.092
0.03%$0.062979
3.90%$0.0065945
6.51%$0.00872659
-0.27%$0.360607
-0.86%$1.69
5.82%$0.231507
9.43%$118,286.00
0.52%$29.35
2.91%$0.997791
0.02%$0.0098981
16.28%$1.39
7.15%$0.574657
4.36%$120,508.00
2.26%$0.11066
13.19%$1.001
0.05%$46.67
1.10%$3,846.50
8.25%$3,617.26
8.40%$0.690968
4.96%$3,994.06
8.35%$0.073915
2.92%$0.145917
2.48%$0.999876
0.01%$1.16
0.06%$0.679425
5.21%$0.203224
6.98%$0.426724
5.75%$7.65
5.90%$1.59
10.02%$3,588.90
8.20%$0.998196
-0.00%$6.99
6.62%$0.488583
-0.96%$0.453836
-4.69%$17.11
5.63%$51.56
4.17%$3,957.83
8.33%$0.439948
2.09%$0.221789
0.69%$0.33157
2.69%$0.00000047
3.04%$46.65
1.10%$8.02
-0.54%$2.71
5.01%$0.062037
4.14%$0.00002247
2.83%$0.094267
9.11%$3,586.39
7.77%$10.75
0.01%$3,608.39
8.45%$0.04362373
5.59%$1.74
2.62%$0.00418055
1.20%$0.157923
3.79%$1.093
-0.03%$0.999902
0.01%$1.006
2.42%$4,350.74
7.88%$0.89411
6.59%$0.00781251
7.31%$120,035.00
3.07%$0.57675
4.51%$0.999061
-0.23%$0.00574202
-0.67%$0.403362
-1.13%$197.63
5.34%$147.14
5.26%$1.40
2.67%$0.576709
4.75%$29.58
9.39%$0.37842
4.70%$0.03824016
2.45%$0.999909
0.01%$12.79
4.08%$4.55
-9.05%$0.01924485
2.28%$0.00006525
2.58%$24.32
9.44%$120,303.00
1.95%$0.245653
7.71%$0.787252
15.09%$0.03320426
1.33%$3,783.26
8.10%$1.00
0.04%$0.838822
3.40%$21.35
0.87%$0.757649
2.21%$0.00412475
5.18%$1.14
-0.74%$0.331735
8.95%$0.00369908
-6.13%$4,069.18
8.16%$0.320699
-9.27%$7.45
7.76%$0.778726
8.59%$1.00
-0.15%$0.99926
-0.02%Reading
Ethereum (ETH) has just collapsed back to $336 after suffering a loss of 8.4% in the last 24 hours. The cryptocurrency has now been on a downtrend for more than a month.
Ethereum started falling mid-yesterday, when it dropped from $366 to $346 over a three hour period and has since fallen even further. Ethereum is now down 3.4% in the last week, 13.3% in the last fortnight, and 29.1% in the last month.
Though the rest of the market is also in the red today, Ethereum is performing worse than most. For comparison, the average cryptocurrency has lost 5.3% in the last 24 hours, while Bitcoin (BTC) is down 3.7%, XRP down 5.2%, and Bitcoin Cash (BCH) is down 7.2%.
Polkadot (DOT), Chainlink (LINK), and Bitcoin SV (BSV) are currently faring even worse than Ethereum, having each lost more than 10% today.
Bitcoin is the world’s first, largest, and most-recognized crypto asset. Since Bitcoin’s creation over a decade ago, the technology behind the revolutionary “peer-to-peer electronic cash system” has largely remained the same. But Bitcoin isn't the be-all and end-all of cryptocurrency. On smart contract blockchains such as Ethereum, developers have created a thriving decentralized finance (DeFi) ecosystem. In order to use Bitcoin within Ethereum's DeFi ecosystem, it's necessary to create an ERC-...
Overall, every non-stablecoin in the top 50 by market capitalization is in the red today, which may be related to news that the largest Bitcoin derivatives exchange is facing potential legal action from the U.S. derivatives regulator the Commodity Futures Trading Commission (CFTC).
With its falling price, Ethereum now has the third-highest average daily volatility out of the top 10 cryptocurrencies by market capitalization, with this figure now reaching 5.4%—close to double that of Bitcoin.
Like most other altcoins, Ethereum has also seen its value eroded against Bitcoin in recent weeks, having lost 1.6% against BTC in the last 7 days and 16.1% against BTC in the last 30 days. Scaling further back, however, we find that Ethereum is still up 29.1% against BTC in the last 90 days and 52.5% in the last year.
But at least Ethereum miners are happy.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
It certainly feels like altcoin season is in the air. With Bitcoin trading sideways today, crypto traders appear to have their eyes set elsewhere: Ethereum has surged past the $3,300 mark, currently trading at $3,339.13 after a strong 20% weekly gain. XRP is up another 12% today, eclipsing its 2018 all-time high. Could Solana, the Ethereum rival sitting just outside of the top 5 coins by market cap, be next? The macro picture continues to look promising for risk assets. The cryptocurrency market...
Ethereum exchange-traded funds generated more than $726 million in investments on Wednesday, the highest level in their nearly year-long trading history, as the price of their underlying asset rose to its highest level since January. The nine funds have collectively netted $2.3 billion over a nine-day streak of inflows dating to July 3, according to UK asset manager Farside Investors. Ethereum was recently trading just below the $3,500 mark on Thursday, continuing its own recent momentum with a...
The price of XRP rose to a record high on Thursday, soaring past a seven-year-old milestone amid broader momentum for altcoins in the cryptocurrency market. The Ripple Labs-linked coin was recently changing hands around $3.41, rising more than 36% over the past week, according to crypto data provider CoinGecko. The previous record was $3.40, set all the way back in January 2018. Ethereum and Solana had also outperformed Bitcoin’s weekly 5.5% rise, meanwhile jumping 21% and 8%, respectively. The...