{"id":256951,"date":"2021-05-23T19:14:44","date_gmt":"2021-05-23T16:14:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ether-slips-below-2k-for-the-second-time-in-a-week\/"},"modified":"2021-05-23T19:14:44","modified_gmt":"2021-05-23T16:14:44","slug":"ether-slips-below-2k-for-the-second-time-in-a-week","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ether-slips-below-2k-for-the-second-time-in-a-week\/","title":{"rendered":"#Ether slips below $2K for the second time in a week"},"content":{"rendered":"

“#Ether slips below $2K for the second time in a week<\/strong>”<\/p>\n

<\/p>\n

                The value of Ethereum is down 54% from its recent peak. Its combined market cap is now $226 billion, less than half of its all-time high.  \n                <p>Ethereum (ETH) and most major altcoins declined sharply on Sunday, extending a ten-day selloff that has knocked out more than $1 trillion in combined valuation from the market.\u00a0\n<\/code><\/pre>\n
Ether price dipped below $2,000 for only the second time since Apr. 7, reaching an intraday low of $1,870.00, according<\/a> to TradingView data. Ether fell below the psychological threshold last week as Bitcoin (BTC) briefly dipped below $30,000. The second-largest cryptocurrency by market capitalization was last seen languishing at $1,936, down nearly 16% on the day.<\/p>\n
The fall from grace puts Ether at a 54% discount compared with its all-time high near $4,200 earlier this month.<\/p>\n
Ether’s price has declined sharply over the past week, as fear, uncertainty and doubt continue to grip the markets. Source: TradingView<\/em><\/figcaption><\/figure>\n
Bitcoin continues to exert a gravitational pull on the broader cryptocurrency market. A coordinated selloff of BTC over the past week has put a damper on market sentiment, dragging<\/a> the Crypto Fear & Greed Index to \u201cExtreme Fear.\u201d As Cointelegraph recently reported, Bitcoin\u2019s price fell below $34,000 on Sunday. <\/p>\n
“Extreme Fear” characterizes the crypto market’s recent capitulation. Source: Alternative.me<\/em><\/figcaption><\/figure>\n
Some analysts foresaw ETH\u2019s large decline after a massive inflow of the digital currency made its way onto exchanges, signaling that whales were preparing to sell. Anal<\/p>\n
Looking beyond the charts, the Ethereum Foundation recently disclosed<\/a> that it had fixed a \u201csevere threat\u201d against the smart contract platform after implementing the Berlin hard fork last month. The threat left the Ethereum network highly vulnerable to \u201cmalicious transactions,\u201d Martin Holst Swende and Peter Szilagyi wrote<\/a> on May 18. After the issue was fixed, the Foundation disclosed the vulnerability \u201cin the interest of transparency.\u201d <\/p>\n
Market optimism surrounding Ethereum has been high for much of 2021, as investors and users look ahead to the highly anticipated EIP-1559 upgrade. The proposed upgrade, which will be part of the London hard fork slated for July, intends to change Ethereum\u2019s fee structure and remove much of the uncertainty around gas costs. <\/p>\n
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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
“#Ether slips below $2K for the second time in a week” The value of Ethereum is down 54% from its recent peak. Its combined market cap is now $226 billion, less than half of its all-time high. <p>Ethereum (ETH) and most major altcoins declined sharply on Sunday, extending a ten-day selloff that has knocked out…<\/p>\n","protected":false},"author":1,"featured_media":256952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvZTg3OTgyN2UtMTEzNi00NjNmLTk0N2YtOWZhMzBmZDE5NDBhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-256951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/256951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=256951"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/256951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/256952"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=256951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=256951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=256951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}