O Bitcoin (BTC) is heading to close Monday (5th) below US$ 20,000. The cryptocurrency makes resistance at this level, which a few weeks ago was its support.
O Ether (ETH), crypto asset from the network smart contracts Ethereum, goes against the market and shows recovery during the day. The crypto asset is close to closing the day with a positive daily variation of 1.85%.
Much of the appreciation of the Ether token is due to the speculative movement about the big update that should happen in the next few weeks – The Merge.
In the next 24 hours, the smart contract network will take the upgrade one step further by updating the validator nodes.
According to data from CoinMarketCap, the market capitalization of the sum of all crypto assets drops 0.13% to $980.84 billion.
Bitcoin has decreased its dominance Marketplace on top of Ether, and Ether has increased its dominance over the market. The dominance of bitcoin and ether is, respectively, 38.5% and 19.9%.
Check out the Crypto Chat with Matt Sorum, former Guns’N Roses drummer:
Twenty-four hour market volume
According to the CryptoRank website, below you can see a schematic of the volume size that was traded in the crypto market, and which cryptoassets most pulled this metric up:
“Fear & Greed” Index – how is the feeling of fear in the market?
The “Fear & Greed” index, or fear and optimism, seeks to represent these feelings that surround the market. The index scale is from 0 to 100 points, where the closer to zero the fear is extreme, and from 100 the optimism reigns:
Today, the index rises 3 points, going from 20 to 23. The zone indicated by the index is of “extreme fear”. The index varies between the following zones: “extreme fear”; “fear”; “neutral”, “optimism” and “extreme optimism”.
Bitcoin (BTC) Onchain Data
According to the data analysis website of blockchainBlockchain.com, the hash rate – maximum capacity a miner can produce – per second has increased since yesterday to 229.44 EH/s.
Today, the cryptocurrency’s blockchain had about 241,476 confirmed transactions on the network – 2.79 TPS (Transactions per second) – and an estimated volume of US$ 2,053,244,131 moved in those 24 hours.
There were 710,783 unique addresses active today.
Check out the 24-hour volume of bitcoins leaving crypto exchanges – a metric that can indicate movement of long-term investors when placing their bitcoins in wallets:
(Image: Cryptoquant)
Ethereum (ETH) Onchain Data
Currently, based on the “etherscan.io” network block explorer, the network mining difficulty is 12,089.67 TH.
The network hashrate is 903,991.42 GH/s, an average rate of 13 Gwei, or $0.44, and 1,700.88 M (12.8 TPS).
Onchain Data of “Ethereum 2.0”
As per the Beacon Chain block explorer – the proof-of-stake consensus layer chain that will be implemented on Ethereum (ETH) after The Merge – the network has 421,463 active validators, 13,486,703 Ethers in “stake” and an average of 33 .8 Ethers per active validator.
The last case of “Slashing” – withdrawing Ethers from the validator as a way to punish malicious activity on the network – occurred 23 hours ago. The validator had 35.22 ETH on its balance.
Decentralized Finance (DeFi)
the sector of decentralized finance (DeFi) had a recovery in the last 24 hours. The total amount locked in DeFi, according to the website Defillama, is US$ 58.94 billion, a negative daily variation of 0.25%.
The protocol that has the most dominance, in terms of TVL, is Maker DAO (MKR), a decentralized lending platform, with a 13.43% DeFi market share and $7.91 billion locked into the protocol for liquidity. A negative 0.30% 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
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
