Crypto Markets Become Volatile Again as DOGE Surged 124% in October
Between the recent DOGE rally and the Fed's pivot potential, crypto market volatility rises.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Ethereum's annualized inflation rate currently stands at negative 0.029%, with over 5,500 ETH burned since the Merge.
Between the recent DOGE rally and the Fed's pivot potential, crypto market volatility rises.
Web3 developers are more active than ever, as evident from the number of libraries, smart contracts, and dApps used in Q3.
An ongoing series of exploits targeting the Ethereum Alarm Clock has allegedly already stolen 204 ETH in gas fees.
Ethereum has been on a deflationary run for the past six days, but the cryptocurrency has not seen any corresponding price boost.
Despite uprade tailwinds, ETH demand is lacking to carry it over the Merge.
Ethereum Layer 2 scaling solution Optimism has seen massive growth in terms of daily users, new users, and the number of transactions.
Solana's affordability lowers Ethereum's NFT market share.
Industry participants have expressed support for the overall concept of reversible tokens but slammed the idea of decentralized judges.
A large number of fund managers raced to bet on the Ethereum blockchain's Merge, which transitioned it from proof-of-work to proof-of-stake.
Bitcoin saw inflows totaling $17 million last week while Ethereum saw negative flows of around $15 million.
Bitcoin and Ethereum tanked again Monday as the markets brace for the Fed's policy meeting tomorrow.
Stabilized stETH signals a return to healthier market after Terra induced extreme market conditions.