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Crypto Market Records A Bullish Rebound As Bitcoin Reclaims $60K, Ethereum Hits $2.65K!
Home / Crypto Live News / Crypto Market Records A Bullish Rebound As Bitcoin Reclaims $60K, Ethereum Hits $2.65K! Reportedly, over the past day, the crypto market has recorded a jump of 1.72% in valuation and is currently valued at $2.09 Trillion. Furthermore, it recorded a total trading volume of $83.85 Billion, a change of +41.41%. Notably, the market leader, BTC price had successfully reclaimed the $60K mark with a 24-hour high of $60,680.33 and is currently valued at $59,235.23. Following this, the Ethereum token has added 4.64% to its portfolio and has recorded a 24-hour High/Low of $2,749.14 and...
Ethereum Gas Fees Hit 5-Year Low: The Impact of Sub-1 Gwei Fees on Ethereum’s Ecosystem
TLDR Ethereum’s median gas price has hit a 5-year low, dropping to 1.9 gwei on August 10, with low-priority transactions costing around 1 gwei or lower. The decrease in gas fees is attributed to increased activity on layer-2 networks and the implementation of the Dencun upgrade in March. The low fees have led to concerns about Ethereum’s deflationary narrative, as fewer ETH are being burned while more are being issued. The reduction in fees has resulted in an increase in Ethereum’s supply, with potential implications for its long-term tokenomics. Ethereum, the second-largest cryptocurrency by market capitalization, has seen its transaction...
Ethereum accounts for 88% of crypto investment products’ $176 million inflow
Ethereum accounts for 88% of crypto investment products’ $176 million inflow Oluwapelumi Adejumo · 11 hours ago · 2 min read CoinShares stated that the crypto investment products experienced an increase in their trading volumes during the past week. 2 min read Updated: Aug. 12, 2024 at 3:21 pm UTC Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. Crypto investment products experienced significant inflows of $176 million as investors capitalized on recent price dips, according to CoinShares‘ latest weekly report. James Butterfill, the head of research at CoinShares, noted that the total assets under management...
