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Tuesday, October 4, 2022

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    Bitcoin (BTC) has a day of decline and loses support of $ 24,000; Ether (ETH) Below $1,900

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    Daily summary on Bitcoin, the cryptocurrency market and decentralized finance (Image: Unsplash/Kanchanara)

    O Bitcoin (BTC) showed drops this Tuesday (16). The cryptocurrency has lost its $24,000 support after holding back since Friday, and has a daily negative range of nearly 1% at $23,800.

    O Ether (ETH), crypto asset from the network smart contracts Ethereum also lost its $1,900 support. Its variation on the day is negative 2%. The crypto asset is currently priced at $1,871.

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    According to data from CoinMarketCap, the market capitalization of the sum of all crypto assets drops 0.78% to $1.14 trillion.

    Bitcoin decreased dominance of Marketplace on top of Ether, and Ether has practically maintained its dominance over the market. The dominance of bitcoin and ether is, respectively, 40.1% and 20.1%.

    “Fear & Greed” Index – how is the feeling of fear in the market?

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    The “Fear & Greed” index, or fear and optimism, seeks to represent these feelings that surround the market. The index scale is from 0 to 100 points, where the closer to zero the fear is extreme, and the closer to 100 the optimism reigns:

    Latest Crypto Fear & Greed Index

    Today, the index drops only 1 point, from 45 to 44. The zone indicated by the index is “fear”. The index varies between the following zones: “extreme fear”; “fear”; “neutral”, “optimism” and “extreme optimism”.

    Bitcoin (BTC) Onchain Data

    According to the data analysis website of blockchainBlockchain.com, the hash rate – the maximum capacity a miner can produce – per second has increased since yesterday to 201.68 EH/s.

    Today, the cryptocurrency’s blockchain had about 267,853 confirmed transactions on the network – 3.10 TPS (Transaction per second) – and an estimated volume of US$ 2,680,599,458 moved in those 24 hours.

    Ethereum (ETH) Onchain Data

    Currently, based on the “etherscan.io” network block explorer, the network mining difficulty is 12,211.70 TH.

    The network hashrate is 941,802.92 GH/s, an average rate of 6 Gwei, or $0.24, and 1,679.43 M (12.2 Transactions per second).

    Onchain Data of “Ethereum 2.0”

    As per the Beacon Chain block explorer – a proof-of-stake consensus layer chain that will be implemented on Ethereum (ETH) after The Merge – the network has 415,402 active validators, 13,292,752 Ethers in “stake” and an average of 33.75 Ethers per active validator.

    The last case of “Slashing” – withdrawing Ethers from the validator as a way to punish malicious activity on the network – occurred 1 day ago. The validator had 34.2 ETH on its balance.

    Decentralized Finance (DeFi)

    the sector of decentralized finance (DeFi) suffered falls in the last 24 hours. The total amount locked in DeFi, according to the website Defillama, is US$ 65.93 billion, a negative daily variation of 1.95%.

    The protocol that has the most dominance, in terms of TVL, is Maker DAO (MKR), a decentralized lending platform, with a 13.39% DeFi market share and $8.83 billion locked into the protocol for liquidity. A negative 0.96% daily change in your TVL.

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    Money Times publishes informative articles of a journalistic nature. This publication does not constitute an investment recommendation.

    Source: Moneytimes

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