Ethereum sharks and whales ramped up coin accumulation as the market attempted recovery Despite the freefall in the alt’s price, holders remain positive Before Binance confirmed withdrawing its offer to acquire embattled cryptocurrency exchange FTX, Ethereum [ETH] attempted recovery on the charts. During the intraday trading session on 9 November, data from Santiment revealed a … Read more
Data from mevboost.org shows that over 80% of Ethereum relay blocks were built by Flashbolts, raising further centralization concerns within the community. While Ethereum’s transition to the proof-of-stake has been smooth sailing with little to no issues, the community is increasingly concerned with the centralization of players involved in block building for the blockchain network. … Read more
Two addresses have processed over 45% of Ethereum (ETH) transactions since the blockchain network completed its transition to a proof-of-stake (PoS) consensus mechanism, according to Santiment data. 📊 According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to … Read more
Bitcoin [BTC] is feeling the heat of the rebound again after narrowly breaching its $25k resistance level over the last 24 hours. At the time of writing, the crypto was trading at $24,750 on the back of a 0.75% daily hike. In fact, it also looked set to end the week on a positive note … Read more
Ethereum appears to be on the right trajectory after a month of redemption. ETH started the month priced a little above $1,050, but is about to end it at around $1,700. On the back of a wider market upturn and the Merge’s announcement, Ethereum has surged on the charts. In fact, the Merge announcement, due … Read more
Coin flows can tell us a lot about the movements of coins and tokens through the crypto market, as well as investors’ reactions to the market. However, does the latest data match what’s really going on at the exchanges? Let me ETH a look at this Glassnode’s weekly coin flows update revealed that Bitcoin and … Read more
The crypto market persisted in following the stock market closely over the years. In February, Ether, the second-largest cryptocurrency, moved in tandem with U.S. stocks like never before. Consequently, a 40-day correlation coefficient for the token and the S&P 500 topped at 0.65. Continuing the trend, here’s the latest relationship status. Match made in heaven? … Read more
While not the most sophisticated of data tools, Google Trends is a way to roughly understand the level of interest that internet users worldwide have in a certain topic. To that end, Google Trends data for the search terms “Ethereum” and “NFT” revealed an unmistakable end result. This was a fall in search interest since … Read more
Bitcoin‘s ongoing correction has had a repercussion on the entire cryptocurrency market. Ethereum, the largest altcoin suffered the same fate. At the time of writing, ETH suffered a fresh 4% correction as it slipped below the $3k mark- it traded at the $2,984 mark. Slowly but surely The largest altcoin, despite the given drawdown, continued to … Read more
The overall cryptocurrency market underwent a massive price correction phase as the market stood at the $1.81T mark. According to CoinMarketCap, the market suffered a 4.2% setback, and Bitcoin and Ethereum alone fell by around 5% and 4%, respectively. But, one coin showcased some vitals despite the overall decline following a bullish adoption development. Showing … Read more
