The United States is the country most interested in Ether (ETH), followed by Germany and Turkey, an analysis of search data has revealed. A report by Invezz.com, as reported by Finbold, showed 1,116,000 searches per month for the term “Ether” emanating from the United States. Excluding searches by budding chemists, that’s the equivalent of around 36,000 internet searches per day for the world’s No. 2 cryptocurrency by market capitalization. Germany and Turkey followed close behind with 736,300 and 408,500 searches per month, respectively. Among the top three, Germany contained the most Ether searches per capita, with 9.46 searches per 1,000 …

Bitcoin (BTC) plummeted to an intraday low near $42,000 today, dropping 35% from its all-time high at $64,849.27. Over the weekend the selling intensified as news that Tesla may have sold its Bitcoin holdings made waves, and even after this was proven to be untrue, Bitcoin’s market dominance had still been pulled down to a three-year low below 40%. While this decline in Bitcoin may have scared new investors, stock-to-flow creator PlanB said the performance of the current bull phase is still better than the 2017 bull run. PlanB also warned investors to expect several 30% dips during Bitcoin’s climb …

Transaction fees on Bitcoin and Ethereum have fallen by 81% and 71%, respectively, over the last few weeks as the broader cryptocurrency market continues to descend from its recent all-time high. The average cost of using the Ethereum blockchain fell from $69.92 per transaction on Wednesday to $20.06 by Sunday, according to data from Bitinfocharts. In the same time period, Ether’s (ETH) spot price both peaked and crashed, falling from an all-time high of $4,358 on Wednesday to $3,183 just prior to publication — a 27% decline. Before 2021’s market surge, Ethereum’s current average fee of $20 would have been …

Solana’s native SOL token is charting new highs on Sunday, gaining in U.S. dollars and in Bitcoin (BTC) on the back of growing network adoption and a key technical breakthrough. The SOL token peaked at $52.42 on Sunday, according to TradingView, having gained 24% over the 24-hour trading cycle. That marked a new all-time high for SOL and the first definitive break above the psychological $50 level. As Cointelegraph previously reported, Solana rallied to a high of $49.99 on May 2 before losing some of its momentum. The $50 target had remained elusive over the previous two weeks. At the …

Strategic investor Lyn Alden is convinced Bitcoin has still the potential to reach $100K in the current bull cycle — despite growing uncertainty and increasing volatility. “We are seeing a lot of froth throughout the industry”, she said, referring to the latest rally in a number of meme coins such as Doge. “Those are kind of warning signs for the cycle”, she added. Alden said that with the bull run slowing down and growing risks of a correction, it makes sense for some investors to take some money off the table and put it into some other assets. “For people …

Bitcoin (BTC) continues to look for direction, but as this occurred, Ether (ETH) and altcoins bounced higher from the Thursday sell-off. Dogecoin (DOGE) shocked investors with its 47% rally that kicked off after Coinbase announced that it would list DOGE in the coming months. DOGE’s price also rallied after Elon Musk tweeted that he was “working with Doge devs to improve system transaction efficiency. Potentially promising.” While many altcoins have seen double-digit gains during the recovery, the price of Bitcoin has continued to languish near the $50,000 level as whale wallets containing at least 1,000 BTC have declined by 4.7% …

The Crypto Fear and Greed Index has dipped to levels not seen since April 2020, indicating that traders are nervous about Tesla backtracking on accepting Bitcoin (BTC) payments, Bitcoin's multi-week technical weakness and U.S. regulator's supposed investigation into the business operations of Binance exchange. This nervousness also led to a massive inflow of 30,000 Bitcoin to the exchanges, the highest number since the March 2020 crash. This suggests some traders are booking profits on their long positions. CryptoQuant CEO Ki Young Ju said that whales have continued to send more coins to exchanges than usual, implying that near-term bearishness may …

The number of Ethereum addresses that hold more than or equal to 32 Ether (ETH) has been declining, pointing at a possible lack of interest among traders and investors to become “full validators” for its upcoming proof-of-stake blockchain. At the same time, the price of ETH has rebounded back above $4,000 on Friday, while Bitcoin (BTC) tries to reclaim $51,000 following this week’s “Elon candle” plunge. Eth2 validators wanted? On-chain data analytics platform Glassnode revealed that the number of externally owned Ethereum addresses (EOA) fell to its lowest levels in the last 17-months — to 108,915. As of November last …

Cryptocurrency price corrected sharply today, including Ether (ETH), but this is a short-term move which is not reflective of the more macro-level events which still paint a bullish picture for assets like Ether and Bitcoin. In the last 30 days, Ether price gained 96%, moving from $2,138 to $4,200 on May 11. Normally the assumption would be that every trader is consumed with euphoria and this would be seen in the funding rate reaching record highs on Ether futures contracts but at the moment this is not the case. The funding rate appears to have flatlined on April 18 and …

Ether (ETH) initiated a rally on April 25, which resulted in a 90% gain that pushed the price to $4,200. The nonstop action has been fueled by an incredible increase in decentralized finance (DeFi) applications, where the total value locked has surpassed $74 billion, a 51% increase in 18 days. This positive momentum has been decimating the neutral-to-bearish put (sell) options, giving bulls even more incentives to continue the rally. On May 14, a total of $730 million Ether options are set to expire, and bulls have complete control as the call (buy) options are in the majority. Record-high decentralized …

Tesla CEO Elon Musk tweeted on May 13 that the company will stop accepting Bitcoin (BTC) payments for its vehicle purchases, citing “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.” Shortly after the announcement, Bitcoin price dropped by 17% to hit a new local low at $46,000. While Musk’s decision is a short-term blow to the sentiment of the market, it is unlikely to change the course of the crypto markets altogether because the institutional demand for cryptocurrencies remains high. Proof of this came yesterday as Cowen Inc., a 103-year-old bank, announced that it had …

The market capitalization of Ether (ETH) has increased at a much faster rate than Bitcoin’s (BTC) over the past year, highlighting the relative outperformance of ETH versus BTC over that period. In its latest Blockchain Letter, cryptocurrency investment manager Pantera Capital charted Ether’s growth trajectory. “The ratio of ethereum’s market cap to Bitcoin’s market cap has doubled in the last year,” the investment manager said, adding: “We think this is the beginning of the market re-rating Ethereum for EIP 1559 and Proof of Stake. These two changes will lead to ethereum being a deflationary asset where each block negative ethereum …