Ethereum's value relative to Bitcoin has risen to its highest point in three months, with the ETH/BTC ratio reaching 0.03 on July 27. Over the past month, Ethereum gained about 24%, significantly outperforming Bitcoin's 8% gain. This shift indicates growing investor interest in Ethereum, highlighted by Bitmine Immersion Technologies increasing its Ethereum holdings by nearly 10,000 ETH. While the ratio is still below January's peak, the trend suggests potential further gains for Ethereum against Bitcoin, signaling a possible altcoin rotation in the market.
U.S. spot Ether (ETH) exchange-traded funds experienced significant net outflows of $110.6 million on October 22, following a brief inflow of $14.9 million on October 21 that failed to offset losses from the previous five sessions. From October 14 to...
Ethereum's development team has postponed the Glamsterdam upgrade on the Hoodi test network because of security concerns related to changes in gas rules that might affect existing smart contracts. This delay raises questions about the network's stabi...
An Ethereum wallet that had been inactive for 9.5 years transferred 3,000 ETH to the Kraken exchange on October 22. When these tokens were withdrawn from Gemini in 2017, they were valued at $19 each, totaling about $56,000. The current value of the t...
Bitcoin dropped to around $81,000 amid a tech sector sell-off that pressured risk assets, including cryptocurrencies. Despite this, institutional demand remains strong, with US spot Bitcoin ETFs seeing $528 million in inflows over three days, led by ...
On October 22, Binance's Ethereum perpetual futures market recorded a single liquidation of a long position valued at $2.4 million. The liquidation occurred when the ETH price hit $2,400. This event highlights the risks involved in leveraged trading ...
