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Ethereum Climbs 10% In a Green Day

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Ethereum Climbs 10% In a Green Day

Investing.com – Ethereum was trading at $2,088.08 by 00:56 (04:56 GMT) on the Investing.com Index on Friday, up 10.12% on the day. It was the largest one-day percentage gain since February 28.

The move upwards pushed Ethereum’s market cap up to $251.13B, or 19.38% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.

Ethereum had traded in a range of $1,941.53 to $2,108.70 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 24.1%. The volume of Ethereum traded in the twenty-four hours to time of writing was $40.09B or 3.82% of the total volume of all cryptocurrencies. It has traded in a range of $1,796.2371 to $2,703.1055 in the past 7 days.

At its current price, Ethereum is still down 57.07% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last at $30,475.1 on the Investing.com Index, up 9.99% on the day.

Tether was trading at $1.0015 on the Investing.com Index, a gain of 0.17%.

Bitcoin’s market cap was last at $578.41B or 44.64% of the total cryptocurrency market cap, while Tether’s market cap totaled $79.27B or 6.12% of the total cryptocurrency market value.

Cryptocurrency

US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

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US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

The United States Department of Justice may move forward on a criminal prosecution case against a U.S. citizen who allegedly violated sanctions through cryptocurrency.

According to a Friday opinion filing in U.S. District Court for the District of Columbia, the unnamed individual who is the subject of a criminal investigation by the Justice Department allegedly sent more than $10 million in Bitcoin (BTC) from a U.S.-based crypto exchange to an exchange in a country for which the U.S. currently imposes sanctions — suggesting Russia, Cuba, North Korea, Syria, or Iran. The filing alleged the individual “conspired to violate the International Emergency Economic Powers Act” and conspired to defraud the United States.

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Cryptocurrency

BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

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BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week’s volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning asset class, but in every bear trend there is a silver lining.

One platform that appears to be capitalizing on the void created by TerraUSD’s (UST) collapse is Beefy Finance (BIFI), a multi-chain yield optimizing decentralized finance protocol.

BIFI/USDT 4-hour chart. Source: TradingView

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Cryptocurrency

MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

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MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the total crypto market capitalization.

In the midst of the widespread fallout, MakerDAO (MKR) managed to turn crisis into opportunity and the collapse of TerraUSD (UST) has brought renewed attention to DAI, the longest-running decentralized stablecoin.

MKR/USDT 1-day chart. Source: TradingView
Top-5 protocols by total value locked. Source: Defi Llama

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