All articles tagged with #ethbtc
Originally Published 5 months ago — by AMBCrypto
Ethereum's recent breakout and a 41% surge in altcoin market cap suggest a potential shift towards altseason, with Ethereum leading the charge and Bitcoin's dominance declining, indicating growing confidence in altcoins.
Originally Published 2 years ago — by CoinDesk
The recent upgrade of the Ethereum network from proof-of-work to proof-of-stake consensus, known as Shapella, has not led to a bearish market for ether (ETH). In fact, ETH has risen nearly 6% to over $2,000, its highest level since August. Approximately 18.3 million ETH, representing $36 billion or 15% of ether's total market capitalization, is currently staked, with 1.1 million in ETH rewards accrued. The direction of ETH deposits will be a key metric to watch in the coming weeks and months, as investors who must un-stake ETH begin the process of doing so.
Originally Published 2 years ago — by CoinDesk
QCP Capital predicts a deeper decline in the ETH/BTC ratio after the Shapella hard fork, citing sustained spot selling pressure in thin markets. The ratio has already declined 13.7% this year amid fears of investors liquidating coins after the upgrade. QCP Capital suggests that those at the front of the queue for withdrawals are likely to sell spot, while those further back will hedge via perps/futures. Troubled entities like Celsius might sell their staked ether balance to recover at least a portion of creditors' funds.
Originally Published 2 years ago — by Cointelegraph
Ethereum's price has been gaining momentum in April, even against Bitcoin, as the much-anticipated Shanghai hard fork is just days away. The upgrade is set for April 12, enabling Ethereum stakers to withdraw around 1.1 billion ETH in rewards. Many experts see the hard fork as bullish for Ether in the long term. As a result, the ETH/BTC pair has risen by about 4.75% month-to-date to reach 0.066 BTC as of April 8, a nearly 8% rebound since March 20. Ether could sustain its yearly gains in April, consolidating inside the $1,800-2,000 range until the Fed decision.