Market Analysis
Ethereum Turns Deflationary but Drops 7% as Market Stays Uncertain
Ethereum has been on a deflationary run for the past six days, but the cryptocurrency has not seen any corresponding price boost.
BTC$61,451.00-1.88%
ETH$1,733.74-1.60%
USDT$0.999-0.01%
USDC$0.9998+0.01%
XRP$1.11-1.79%
SOL$79.34-1.72%
TRX$0.3267-0.50%
FIGR_HELOC$1.01+0.00%
HYPE$68.80-0.58%
DOGE$0.0746-2.30%
USDS$0.99980.00%
RAIN$0.015-2.04%
LEO$9.38+2.52%
ZEC$442.84-4.08%
XLM$0.1974-0.98%
BTC$61,451.00-1.88%
ETH$1,733.74-1.60%
USDT$0.999-0.01%
USDC$0.9998+0.01%
XRP$1.11-1.79%
SOL$79.34-1.72%
TRX$0.3267-0.50%
FIGR_HELOC$1.01+0.00%
HYPE$68.80-0.58%
DOGE$0.0746-2.30%
USDS$0.99980.00%
RAIN$0.015-2.04%
LEO$9.38+2.52%
ZEC$442.84-4.08%
XLM$0.1974-0.98%
Ethereum's annualized inflation rate currently stands at negative 0.029%, with over 5,500 ETH burned since the Merge.
Ethereum has been on a deflationary run for the past six days, but the cryptocurrency has not seen any corresponding price boost.
Ethereum's transition to proof-of-stake could open the floodgates of institutional inflows.