What is the relationship between Ethereum and the US dollar (Ethereum U.S. Dollar Index)
What is the relationship between Ethereum and the US dollar Ethereum? According to CoinMetrics, a crypto market intelligence company, the current circulation supply of Ethereum is 135.6 trillion units. In the past few weeks, the price of ETH has been on a downward trend. Despite the decline in Bitcoin prices in recent months, the value of Ethereum continues to rise
According to Ki YoungJu, CEO of CryptoQuant, “in the past few weeks, the price of Ethereum has dropped by more than 90% from its historical high.” He further explained that “if the Ethereum continues to fall below the 10000 dollar threshold, Ethereum will be forced to adjust”. (coindesk)
Ethereum U.S. Dollar Index
It is reported that according to CoinMarketCap data, Ethereum U.S. Dollar Index reported 2827.93 points, up 14.65 points or 0.7% from the same period yesterday. Previously, the Ethereum U.S. Dollar Index rose 44.01%. The Bitcoin U.S. Dollar Index (BPI) closed at 2918.43, down 23.03 points or 1.1% from the same period yesterday. The current 24-hour trading volume of the Ethereum U.S. Dollar Index was $898 million, down 11.7% from yesterday
Note: The correlation between the Ethereum U.S. Dollar Index and the BTC exchange rate is still high, and has been showing a downward trend in recent weeks.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/22087/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Bitcoin Mining Difficulty Adjusts Upwards: A New Historical Record
According to reports, according to OKLink data, the mining difficulty of Bitcoin has undergone an adjustment at the block height of 786240, with a slight increase of 1.7% to 48.72
-
BlackRock to Launch an ETF Focused on Space Technology Companies
It is reported that investment giant BlackRock (BLK) is issuing an exchange traded fund (ETF), which will mainly focus on those technology companies that have …
-
PROOF Launches Artist Profiles to Connect Users with Web3 Artists
It is reported that the parent company of Moonbirds, PROOF, announced the launch of a new product \”Artist Profiles\” and its sub-sites on social media. Users ca…
-
Why is the interest on USDT so high (Why does USDT fall)?
Why is the interest on USDT so high? Why is the interest on USDT so high? This
-
Goldman Sachs Launches Online and Android Versions of VS Tools
According to reports, according to its official website, Goldman Sachs will launch both online and Android versions of Visual Structuring (referred to as \”VS Tools\”), and expand th
-
Bank stocks lead US stock market decline as major indexes fall
It is reported that the US stock market rose and fell, with the three major indexes falling by more than 1%. So far, the Nasdaq has fallen 1.52%, the S&P 5…
-
Astra Protocol Gets Former Samsung Exec on Board to Boost Real-World Applications
On February 24, the DeFi compliance provider Astra Protocol has appointed Young Sohn, the former president and chief strategic officer of Samsung Electronics, …
-
Is there a double standard in US banking regulation? Comparing the handling of First Republic Bank crisis to cryptocurrency banks
According to reports, Cameron Winklevoss, CEO of Gemini, a cryptocurrency exchange, accused US regulators of using double standards in handling the First Republic Bank crisis. Wink
-
Cream Finance attacker exchanged 1 million DAIs for approximately 529 Ethereum
According to reports, according to PeckShield monitoring, Cream Finance attackers exchanged 1 million DAIs for approximately 529 Ethereum and transferred them to addresses starting
-
What currency is btv (btcv currency price)
btv what currency According to Bitcoin. com, what currency is Bitstock (BTV)? What currency does BTV have According to BitTorrent website data, the current transaction price of BTV is approximately $1. According to the BitTorrent website, currently, the Bitcoin network can process 36000 requests per second. If Bitcoin blockchain is used for transmission, it requires a power consumption of over 1000 watt hours. It is reported that in the past year, Bitcoin has completed nearly $1 billion in market value and value transfer btcv coin pricesAccording to Bitcoin. com exchange data, btcv coin prices have increased by 32.5% in the past 24 hours. According to Bitcoin exchange guide, the current price of BTCV coin is 0.002 US dollars (currently reported at 0.026 US dollars), with a market value of approximately 400 million RMB, an increase of 138%. As of the time of publication, the quotation is 0.017 US dollars Previously, it was reported that Btcv will open on August 25th…
-
Continuing Steady Growth of Bitcoin Lightning Network Nodes
According to the report, 1ML data shows that the current number of Bitcoin lightning network nodes is 16052, an increase of 0.65% in the past 30 days; The numb…
-
BlackRock Expects Federal Reserve to Raise Interest Rates Despite Banking Industry Pressure
It is reported that the investment research institute of BlackRock, the world’s largest asset management company, said that although the pressure of the banking industry is weakening investor confidence and tightening the financial environment, the Federal Reserve will still need to continue to raise interest rates to cope with inflation. The agency said that the current development will not cause the Federal Reserve to suspend interest rate increase. The current environment is different from that in 2008, when all monetary policy levers were used to support the economy. BlackRock: Although the banking industry is under pressure, it is expected that the Federal Reserve will continue to tighten monetary policy Analysis based on this information:According to the investment research institute of BlackRock, the pressure of the banking industry is weakening investor confidence and tightening the financial environment. Despite these challenges, BlackRock still expects the Federal Reserve to continue raising interest rates to cope with inflation. Inflation is typically controlled by raising…
-
Ethereum Layer2 Lockup Volume Surges
According to reports, according to L2BEAT data, the current total lockup volume of Ethereum Layer2 has risen to $6.51 billion, up 12.51% on the 7th. Among them, the top five locked positions were: ArbitrumOne ($3.65 billion, up 15% on the 7th); Optimism ($950 million, up 14.16% on the 7th); DYdX ($303 million, down 15.82% on the 7th); Immutable X ($136 million, up 21.53% on the 7th); Metis Andromeda ($127 million, up 21.53% on the 7th). ArbitrumOne TVL rose to $3.65 billion, up 15% on the 7th Analysis based on this information:The latest reports suggest that the total lockup volume of Ethereum Layer2 has surged to $6.51 billion, representing a 12.51% increase on the 7th. The increase in lockup volume indicates that more investors are turning to Layer2 solutions to mitigate high gas fees and network congestion on the Ethereum blockchain. ArbitrumOne holds the top spot among the locked positions with a total lockup volume of $3.65 billion and a 15%…
-
Instadapp Releases Avocado Smart Contract Wallet
On March 9, the multi-chain DeFi management protocol Instadapp launched the smart contract wallet Avocado, which supports multi-network transactions. Gas in al…
-
Financial Supervision Bureau warns against illegal activities in digital collections
It is reported that the Nantong Local Financial Supervision and Administration Bureau recently released the \”Nantong Municipal Financial Bureau reminds the pub…
-
Headline: A Dormant Bitcoin Address Comes to Life After 8 Long Years
According to reports, at 13:45 Beijing time on March 30th, a Bitcoin address that had been dormant for 8 years was activated, and a total of 100 BTCs were transferred to the new ad