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Ethereum price has dropped below $3,000, hitting lows of $2,942 on Coinbase. The decline in the price of Ethereum comes as spot ETH ETFs saw a tepid debut in Hong Kong. Liquidations hit $320 across the crypto market, with over $96 million in ETH (over $78 million of it in liquidated longs). Ethereum has declined to below $3,000 again as the broader crypto market reels from downside pressure. As Bitcoin retested prices near $60,000 on Tuesday, ETH price moved lower and broke under the psychological $3k level. On crypto exchange Bitstamp, ETH/USD reached lows of $2,945 while the second largest cryptocurrency by market cap’s value revisited $2,942 on US-based exchange Coinbase. ETH price weakness amid key developments ETH is seeing renewed downside pressure amid crucial developments around this cryptocurreny’s ecosystem and in the regulatory space. This past week, Consensys sued the US Securities and Exchange Commission (SEC), accusing the regulator of gross

The Wormhole price jumped 14% in the last 24 hours to trade at $0.6691 as of 4 a.m. EST on trading volume that skyrocketed 105% to $272.39 million. The Wormhole project spent the last week struggling to grow amid bearish sentiment, but the new token still breached some major resistances to hit the $0.70 mark earlier. The project attracted much attention due to its Wormhole Native Token Transfers (NTT) framework, which allows it to operate as a natively multichain project. As such, it stands to bring greater interoperability to the Arbitrum ecosystem, as it helps native ERC-20 tokens such as JitoSOL to move on to different chains. .@wormhole is bringing more interoperability to the Arbitrum ecosystem! 💙 https://t.co/r6JlDMxGjc — Arbitrum (💙,🧡) (@arbitrum) April 29, 2024 Its efforts to enable this expansion are likely one of the reasons why the project’s price performed so well in the last 24 hours. Besides that, the project worked hard to connect with others in the sector. Fo

The Ethena price surged more than 8% over the past 24 hours to trade at $0.8901 as of 12:20 a.m. EST as investors rush to buy the altcoin. The strong ENA price performance follows an announcement made by Coinbase last week that it would launch Ethena, Etherfi and Aevo perpetual futures on its platform from May 2. @CoinbaseIntExch will add support for Aevo, Ethena, and Etherfi perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our AEVO-PERP, ENA-PERP, and ETHFI-PERP markets will begin on or after 9:30am UTC on 2 MAY 2024. pic.twitter.com/41tyomtH0I — Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 25, 2024   The Ethena Price Breaks Above A Negative Trend Line 4-hour chart for ENA/USDT (Source: TradingView ) The Ethena price was able to break above a medium-term negative trend line that had formed on its charts. Traders are now attempting to push the crypto’s price above the $0.951 barrier as a result. If ENA closes a 4-ho

The Ethereum Network’s gas fees are at a six-month low, despite a jump in Ether price over the weekend. The combination of both indicates a potential rally may be coming sooner for ETH than expected. The average fee for an Ethereum translation fell as low as $1.12 on April 27, according to Santiment on X.“Traders historically move between sentimental cycles of feeling that crypto is going ‘To the Moon’ or feeling that ‘It Is Dead’, which can be observed through transaction fees,” Santiment wrote in the post. Source: Investopedia Following an 8-month high for gas fees in February, fees have sunk back down into a resting phase. Once a drop comes, it allows investors to jump in and capitalize on the low prices, which in turn will allow ETH network activity to surge. Santiment adds that the uptick in network activity may spark an overall altcoin rally. “With markets mainly retracing over the past 6 weeks, the lack of demand and strain on the network may help turn ETH and assoc

Amidst the housing crisis in Canada, which has placed significant pressure on aspiring young homebuyers, Premier Justin Trudeau has proposed a new Capital Gains Tax. This tax would range from 50% to 67%, depending on the taxpayer’s income bracket. The Capital Gains Tax is levied on individuals when they sell an asset or capital property, with capital gains representing the profits from such sales.  According to the Canada Revenue Agency’s website, common capital properties include cottages, securities (such as stocks , bonds, crypto currencies, and units of a mutual fund trust), land, and buildings. Picks for you Google Gemini predicts Silver price for the end of 2024 29 mins ago Andrew Tate says Bitcoin is only choice as ‘dollar’s f**ked’ 2 hours ago Evaluating DYDX, the dYdX Layer 1 token 2 hours ago Solana price prediction as whales move $3 billion worth of SOL 17 hours ago Who will be affected by the new Capital Gains Tax? Starting June 25

Ethereum (ETH) gas fees dropped to $1.12 per transaction on April 27, a level previously visited on October 18. This could hint at a historical buy signal as cryptocurrency analysts point out gas fees as bottom and top indicators. In particular, the leading Santiment analyst Brian Q shared an insight on the platform, studying gas fees’ correlation to price. ETH was trading at $3,300 per token by press time. “Traders historically move between sentimental cycles of feeling that crypto is going “To the Moon” or feeling that “It Is Dead”, which can be observed through transaction fees. These fees will tend to peak (and sometimes diverge) around price tops, and go back to its resting state around price bottoms.” – Brian Q for the Santiment Picks for you 'Real damage' incoming: Recession probability' extremely elevated' 15 mins ago Opportunity? Brace for XRP breakout ahead of ‘exciting changes’ 17 hours ago 3 cryptocurrencies to avoid trading i

This article explores a selection of promising cryptocurrencies that have caught the attention of crypto traders looking to make strategic investments. Investors have witnessed a relatively calm market post the historic Bitcoin Halving, with most coins printing negligible rises. Today’s market movement mirrors a downward movement reflected by a low Fear/Greed Score of 58. Moreover, the overall market cap and trading volume are down by 2.01% and 19.76%, respectively.  Nonetheless, the impending US Treasury Secretary’s quarterly refinancing announcement (QRA). Historical data reveals that the QRA influences market movements, potentially triggering an uptrend. On this note, market participants seek the top crypto to capitalize on the possible price rise.  Top Crypto to Invest in Right Now This article helps streamline the search, offering insights for easy market entry. ApeCoin has recently partnered with Caldera and Horizen Labs to introduce ApeChain on Arbitrum Orbit L3. Meanwhile,

Bitcoin is now trading at about $64,300, rising slightly, while Ethereum struggles to hold $3,150. Yet  CryptoPunks leads NFT sales with over US$12 million . Meanwhile, the global cryptocurrency market cap shows a slight uptick of 0.08%, with a figure of $2.37 trillion. On the other hand, the major financial institutions are turning to new cryptocurrencies and upcoming cryptos as a valid investment option, with organizations such as Goldman Sachs and JPMorgan Chase actively pursuing investments in that particular sphere. New Cryptocurrency Releases, Listings & Presales Today Crypto space is dynamically changing as new projects emerge to address different challenges and opportunities. Among these, DOVU ($DOVU) is unique for its concentration on carbon offset markets, employing the Hedera network for innovative approaches. Likewise, Solgun ($SOLGUN) enters the Solana platform by developing a trading bot tailor-made for traders,  with the aim of giving  them convenience and speed.

As the cryptocurrency community awaits the final outcome of the legal battle between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, Magistrate Judge Sarah Netburn has set the schedule for the court case’s most recent motion. Specifically, Judge Netburn has entered a scheduling order regarding Ripple’s Motion to Strike new expert materials that the SEC has submitted in support of its Motion for Remedies and Entry of Final Judgment, according to the information shared by defense attorney James K. Filan on April 26. Due dates for motion replies Notably, as per this order, which the former federal prosecutor and popular commentator on the case published in an X post, the securities regulator has until April 29, 2024, to file its response to Ripple’s motion, after which the blockchain firm has three business days to file a reply. Picks for you AI predicts Copper price for May 1, 2024 17 hours ago Could this be the next trilli

BlockDrop Coin ($BDROP) is designed to democratize Bitcoin mining by leveraging blockchain technology and tokenization. Vatra INU ($VATR), originating from Turkey, is a community-centric token that champions the principles of decentralization and collective ownership. Lastly, Verum Coin ($VERUM) prioritizes the security and efficiency of international transactions.  From attracting investors interested in passive income through crypto mining to Meme coins typically riding the wave of community hype, a niche application for privacy-focused messenger, these  new coins  exemplify the innovative and speculative nature of the crypto currency space, where utility, community engagement, and market sentiment drive interest and investment. New Cryptocurrency Releases, Listings & Presales Today Cryptocurrencies like Hedera, Algorand, IOTA, and Reserve Rights have recently been highlighted as the top gainers. This surge is not merely a stroke of luck;  it’s  the result of  a confluence of