A recent report indicated that Ethereum concluded Q3 with 43.8 million ETH staked, representing nearly 36% of the total supply, following an influx of almost 2 million tokens into staking during that quarter. Despite this being the sixth consecutive quarter of growth in this metric, the annualised staking yield has experienced a consistent decline, decreasing … Read more
This week, the correction that commenced in early October persisted, resulting in ETH concluding 2% lower. While this is a modest decline, the price has reached the $2,400 support level, which seems to be maintaining its position at the time of this observation. There exists apprehension within the market, and should the critical support level … Read more
Sentiment in the cryptocurrency market declined in response to a worldwide selloff in stocks associated with artificial intelligence. South Korea’s KOSPI index experienced a decline of 3.7 percent, while Japan’s Nikkei 225 saw a reduction of over one percent. The tech-heavy Nasdaq Composite is presently trading beneath the flatline. Amidst the prevailing weak sentiment, the … Read more
This October, capital flows appear to favour Bitcoin, even amidst the prevailing risk-off sentiment. Technically, this indicates that capital is not flowing into altcoins as the conventional fear rotation would imply. Ethereum dominance declined by 5% this month, while Bitcoin dominance rose by 2.5%, indicating a distinct shift in market preference toward BTC. Then, what … Read more
Most major cryptocurrencies experienced a significant decline over the past several days, with bitcoin leading the downturn as it fell from $87,000 to below $81,000, marking its lowest price point in more than two weeks. Large altcoins such as XRP and ETH experienced significant declines, with XRP recording a double-digit decrease over the past week. … Read more
Major cryptocurrencies are exhibiting a mixed performance on Tuesday morning, leading to a slight increase in the overall crypto market capitalisation above the flatline. An easing in bond yields, the dollar’s retreat, a reduced likelihood of an October rate hike by the Fed, along with positive catalysts on the regulatory front, contributed to an improvement … Read more
Sentiment in the cryptocurrency market remains optimistic as the likelihood of a rate hike by the Federal Reserve in October continues to diminish. Anxiety surrounding the forthcoming release of the Federal Open Markets Committee minutes on Wednesday, however, constrained the potential for upward movement. Overall crypto market capitalisation has seen an increase of over one … Read more
Crypto commenced October following a robust performance in the third quarter, despite experiencing some volatility in the latter weeks of September. Bitcoin experienced an increase of approximately 7% in September, while Ethereum saw a rise of around 7% as well. Solana exhibited superior performance compared to Bitcoin, as numerous large-cap altcoins experienced gains amidst Bitcoin’s … Read more
A weaker-than-expected jobs data report from the U.S. significantly diminished rate hike expectations from the Federal Reserve in the October FOMC, enhancing sentiment toward cryptocurrencies. Overall cryptocurrency market capitalisation has increased by 2.1 percent overnight, reaching $2.93 trillion. Bitcoin reached a peak of $87,146 within a 24-hour period. Data released by the U.S. Bureau of … Read more
The second-largest cryptocurrency experienced an increase of nearly 9% in September, marking a significant accomplishment considering that this month has traditionally been one of its least favourable periods. Currently, numerous analysts and market observers believe that Ethereum is poised for a significant breakout, bolstered by recent whale activity and robust institutional demand that underpin the … Read more
