Ethereum Jumps

Ethereum Jumps: Top cryptocurrencies Bitcoin and Ethereum posted overnight gains following the Fed’s rate hike, amid weakened on-chain user activity.

Cryptocurrencies have rallied following the announcement of a 75 basis point hike by the U.S. Federal Reserve. With inflation in the U.S. soaring past 8.6% in May 2022, the Fed made the most aggressive rate hike in 28 years yesterday.

Bitcoin (BTC), the largest cryptocurrency by market cap, is up 5.7% over the past 24 hours and is currently hovering around $21,400, according to data from CoinMarketCap. Ethereum (ETH), the second-largest cryptocurrency, has gained 10.9% in the last 24 hours and is currently changing hands for around $1,140.

Ethereum jumps to record high amid crypto’s decentralized boom

The global cryptocurrency market capitalization is up 6.76% to $921.5 billion over the past 24 hours, according to data from CoinMarketCap.

Apart from Bitcoin and Ethereum, Solana (18.12%) and Polkadot (11.50%) (20.61%) have also posted double-digit gains over the past 24 hours

However, those gains have not been enough to offset losses from the recent crypto crash, with Bitcoin down 30% on the week and Ethereum down 37% in the same period. Bitcoin is down over 68% from its all-time high of $69,000 recorded in November 2021; Ethereum has shed 76% from its all-time high of $4,891 in the same month.

Over $406 million has been liquidated in the crypto market over the last 24 hours, according to data from CoinGlass.

Ethereum leads liquidations with $160 million liquidated, closely followed by Bitcoin with $131 million and Solana with $8.8 million over the same period of time.

First Mover Asia: Bitcoin Jumps Above $31K; Ether Gas Fees Drop

Irrespective of today’s price rally, on-chain activity across blockchains remains stagnant.

According to DefiLlama, the Total Value Locked (TVL) across all the blockchains is down 2.2% in the last 24 hours.

TVL on Ethereum slipped 2.55% to $49.3 billion over the last day. Tron leads gains in TVL, with a 3.66% increase over the same period of time.

Overall NFT trading volumes on Ethereum, Solana, Binance Smart Chain, and Flow are down at least 10% over the past 24 hours, per data from CryptoSlam.

Outside the crypto market, stock markets across the globe are in the red during today’s trading hours. The UK’s FTSE index is down 1.45%, Germany’s DAX index is down 2.08%, France’s CAC index is down 1.63%, and India’s Sensex index is down 1.66%.

What sparked Ether’s jump above crypto rival Bitcoin?

Ether is outperforming its better-known rival Bitcoin once again as optimism over a long-sought update that promises to reduce the carbon footprint of the world’s most-used blockchain appears to be getting closer to fruition. 

Ether, the native cryptocurrency of the Ethereum blockchain, has rallied more than 16% in the past seven days, while Bitcoin rose 8.4%. So far this year, Ether is down about 17% and Bitcoin has fallen roughly 7%.

The latest bout of outperformance is happening as anticipation builds for the biggest software upgrade in Ethereum’s eight-year history. Called the Merge and expected within months, it will change how transactions on Ethereum are ordered, helping the network consume less electricity and run more efficiently

Ethereum jumps to record high amid crypto’s decentralized 

https://economictimes.indiatimes.com › articles how

30-Oct-2021 — Ether, the second-largest cryptocurrency, soared to a record above $4,400 Friday on bullish sentiment surrounding the most used blockchain 

First Mover Asia: Bitcoin Jumps Above $31K; Ether Gas Fees 

https://www.coindesk.com › markets › 2022/05/31 › fir

31-May-2022 — First Mover Asia: Bitcoin Jumps Above $31K; Ether Gas Fees Drop … Insights: Ethereum’s gas fees are at a record low, Sam Reynolds reports.

What sparked Ether’s jump above crypto rival Bitcoin Fortune

https://fortune.com › 2022/03/22 › ether-price-ethereu

22-Mar-2022 — Ether jumped as much as 4.8% on Tuesday in Asia, touching its highest level since Feb. 17 and trading at $3,043 at 12:38 p.m. in Hong Kong.

Cryptocurrency Prices Today June 08: Bitcoin, Ethereum inch 

https://www.moneycontrol.com › news › cryptocurrency

08-Jun-2022 — Cryptocurrency Prices Today June 08: Bitcoin, Ethereum inch higher; Cardano jumps over 5%. The total crypto market volume rose 3.49 percent 

Ethereum’s Price Plunges Below $1,100 Amid Growing TIME

https://time.com Investing › Cryptocurrency

Ethereum’s significant drop below $1,100 comes amid growing recession fears, a shaky stock market, and rising inflation. The price of ether, along with bitcoin

Top cryptocurrency prices 5/31: Ethereum, XRP, Solana, Matic 

https://www.financialexpress.com › digital currency

31-May-2022 — Bitcoin (BTC) price has once again jumped over $31,000 level, rising 4.64 per cent in the last 24 hours. The total cryptocurrency market 

Bitcoin And Ethereum Steady, Cardano And Polkadot Jump 

https://www.forbes.com › stevenehrlich › 2022/06/14

2 days ago — Bitcoin And Ethereum Steady, Cardano And Polkadot Jump, As Crypto Market Nurses … Ether is down 0.54%, currently priced at $1,209.00.

Ethereum intraday significant jumps Note This figure presents 

https://www.researchgate.net › figure › Ethereum-intraday

Download scientific diagram | Ethereum intraday significant jumps Note This figure presents the number of significant Ethereum jumps and the average of 

Ethereum – latest news, breaking stories and comment – The 

https://www.independent.co.uk › topic › ethereum

The latest breaking news, comment and features from The Independent.

Cryptocurrency Price Today: Bitcoin Jumps to Cross News18

https://www.news18.com › business › cryptocurrency

26-Mar-2022 — Ether, the second most popular cryptocurrency fell 0.85 per cent in a day to hit $3105.37 on the day.

Ethereum Merge Sparks Supply-Squeeze Price Jump Over 40%

https://www.fool.com › Cryptocurrency

29-Mar-2022 — The price of Ethereum has jumped 15% in the past week and 40% since Mar. 7. · The available supply of Ethereum on crypto exchanges is at a two

Bitcoin jumps 13%, ether, dogecoin, Shiba Inu, other crypto …

https://www.livemint.com › market › cryptocurrenc

01-Mar-2022 — Similary, Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization, also jumped 

Cryptocurrency prices today: Bitcoin at near three-week high

https://www.livemint.com › companies › news › crypto

22-Mar-2022 — … prices today: Bitcoin at near three-week high; Ether jumps too … Ether, the coin linked to Ethereum blockchain was last seen trading 

Bitcoin Jumps Above $31K; Ether Gas Fees Drop – Yahoo 

https://finance.yahoo.com › news › first-mover-asia-bit

First Mover Asia: Bitcoin Jumps Above $31K; Ether Gas Fees Drop. Sam Reynolds, Bradley Keoun. May 30, 2022 ·5 min read. In this article: ETH-USD. ETP-USD.

Bitcoin jumps to $44K, ethereum rises firmly above $3K amid 

https://seekingalpha.com › news › 3817155-bitcoin-streng

24-Mar-2022 — Bitcoin (BTC-USD) and ethereum (ETH-USD) tokens are rising Thursday as investors' risk-on sentiment looms throughout U.S.

Bitcoin, Ether Jump to Profits Ushering Majority 

https://gadgets360.com › … › Cryptocurrency News

09-Mar-2022 — Bitcoin, Ether Jump to Profits Ushering Majority Cryptocurrencies on Gain Trail. The total market cap of the crypto industry currently 

Bitcoin, Ethereum Jumps 10% While Shiba Inu, Dogecoin 

https://www.analyticsinsight.net › cryptocurrency-updat

06-Feb-2022 — Bitcoin have recorded an impressive jump of over 10% during the bull … Cryptocurrency Updates: Bitcoin, Ethereum Jumps 10% While Shiba Inu 

Ethereum Jumps 5%, Proposed Cryptocurrency Bill Awaits

https://www.outlookindia.com › Business

01-Dec-2021 — Ethereum (ETH) jumped more than 5 per cent, while prices of Bitcoin (BTC) and Binance Coin (BNB) changed slightly in the last 24 hours on 

Ethereum Price jumps 7% amid Crypto Market recovery…Buy

https://cryptoticker.io › Home › Crypto

06-Jun-2022 — Today, many traders are looking at Ether in a bullish way, while prepping buy entries. Let’s dive deeper in this Ethereum price prediction.

 

 

 

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