Ethereum plunges 13%, down more than Bitcoin after Fed spooks crypto market
Ethereum lost roughly 13.50% versus Bitcoin's 9% decline in the past 24 hours. Ethereum's native token Ether (ETH) plunged sharply hours after the U.S. Federal Reserve released the minutes of their December meeting, showing that they eye a faster timetable for hiking interest rates in 2022.The minutes showed that the Federal Open Market Committee (FOMC) is in favor of raising short-term rates "sooner or at a faster pace than participants had earlier anticipated." According to the CME Group, trading in the interest-rate futures market showed a two-thirds possibility of the first increase in....
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Given Ethereum‘s waning performance, despite being the second-largest digital asset, crypto enthusiasts are beginning to demonstrate heightened uncertainty toward ETH. Presently, ETH’s market sentiment has witnessed a significant decline as the altcoin’s weak price action persists, triggered by a broader crypto market downswing. Market Turns Cautious On Ethereum’s Short-Term Prospects Ethereum’s market sentiment has witnessed […]
Ethereum has plunged lower over the past day as a result of strong selling pressure in the altcoin market. It began with XRP, which began to drag lower after it was revealed that the U.S. Securities and Exchange Commission (SEC) would be suing the Ripple company. ETH now trades for $590 but traded as low […]
Ethereum has had a turbulent week as the price has shot up over the 0.006 BTC per Ether on strong volume pushing 35,000 BTC in a 24 hr period – twice. This has led to some quarters naming the price move as pump and dump, but is there something more fundamental taking place? News flow has always been the catalyst behind the bitcoin price surges and plunges – and Ethereum is and will be no exception to this rule. Although there hasn’t been huge news generated to spur on this price hike – so where is the price push coming from that managed to push Ethereum into the second spot in term of....
Welcome to the CoinDesk Weekly Review 14th June 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. No secret. The whole world had to pretend to be shocked this week when it was revealed that American spies had been spying. Edward Snowden, a system administrator, popped up in Hong Kong clutching a few Powerpoint slides he'd been given while contracting at the National Security Agency. From this, everyone learned that the NSA was routinely collecting data....
Ethereum and the rest of the crypto markets are now experiencing yet another crippling calamity. They call it the ‘black swan’ event, which caused the disintegration of one of the largest crypto exchanges in the world, FTX. With claims of mismanaged customer funds and alleged government scrutiny, Binance, the largest cryptocurrency exchange in the world, […]