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$66,112.00-0.57%
ETH$1,803.19-0.56%
USDT$0.9992-0.02%
XRP$1.23-0.93%
USDC$0.9998+0.00%
SOL$74.22+0.78%
TRX$0.3172-0.96%
FIGR_HELOC$1.03+1.27%
HYPE$75.82+12.86%
DOGE$0.0875-2.95%
USDS$0.99970.00%
LEO$9.73-0.52%
RAIN$0.0139+2.67%
ZEC$504.53-5.19%
XLM$0.2249+8.67%
BTC$66,112.00-0.57%
ETH$1,803.19-0.56%
USDT$0.9992-0.02%
XRP$1.23-0.93%
USDC$0.9998+0.00%
SOL$74.22+0.78%
TRX$0.3172-0.96%
FIGR_HELOC$1.03+1.27%
HYPE$75.82+12.86%
DOGE$0.0875-2.95%
USDS$0.99970.00%
LEO$9.73-0.52%
RAIN$0.0139+2.67%
ZEC$504.53-5.19%
XLM$0.2249+8.67%
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.