Bitcoin’s Price Drop to $64,000 Leads to $210 Million Liquidations in One Day
Bitcoin’s decline to $64,000 had a widespread impact on the overall market, particularly affecting altcoins, which experienced larger drops than BTC.
$3 133
1H
-0.18%$5.65
24H
-3.99%$130
7D
4.17%$125
30D
-14.1%$516
Ethereum is a decentralized platform that runs smart contracts – applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. Due to its basic computational capability, Ethereum can perform computations as part of the mining process as well as turn a store of value and medium of exchange into a decentralized worldwide computing engine and openly verifiable data store.
Notably, in addition to tracking ownership of digital currency, Ethereum also focuses on running the programming code of a range of decentralized applications (dApps). It also allows developers to raise funds for their own applications.
One of the key features of Ethereum is gas – a unit that measures the amount of computational effort required to execute specific operations on the Ethereum network. This determines the costs of transactions that depend on bandwidth usage, storage requirements, and complexity.
Ether is a necessary element for operating the Ethereum platform. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, Ether is the incentive ensuring that developers write quality applications (wasteful code costs more) and that the network remains healthy (people are compensated for their contributed resources).
Ethereum describes itself as “the world’s programmable blockchain.” Launched back in 2015 by Vitalik Buterin and Joe Lubin, it has become the second cryptocurrency in terms of popularity and market cap, surpassed only by Bitcoin.
Bitcoin’s decline to $64,000 had a widespread impact on the overall market, particularly affecting altcoins, which experienced larger drops than BTC.
Figment’s growth is not limited to staking volume alone; the company is also extending its reach by strengthening its presence in the European continent
The launch of the ETFs next week in Hong Kong will likely draw comparisons with the three-month-old US Bitcoin funds, which have already made a significant impact on Wall Street.
Ethereum (ETH) price is on the cusp of a major uproar to retest its all-time high amid the looming US SEC’s final decision on spot Ether ETFs.
DAI’s $240B record weekly transaction volume eclipsed the rest of the stablecoins combined.