of the SEC cryptocurrencyThe ongoing pressure on financial markets and Fed Chairman Jerome Powell’s announcement that there will be a rate hike this year. Bitcoin and Ethereum This led to sharp declines in cryptocurrencies, especially in cryptocurrencies.
In this context BTC your $25,000, ETH It fell below $1,700. However, BTC and altcoins had a nice rise over the weekend.
Despite the short-term decline in ETH, ETH still offers profitability to its investors in the long-term.
According to data from IntoTheBlock, despite the turmoil in the cryptocurrency market in recent weeks, the vast majority of Ethereum addresses are still in profit.
“Despite the price drops, 57.5 million addresses, which make up 59.66% of the total active ETH addresses, are in profit.
Likewise, those at loss make up 38.22% of the total wallets holding Ethereum, with a total of 36.84 million addresses.”
Stating that ETH profitability data reflects Ethereum’s resilience, IntoTheBlock said, “The delisting of Cardano (ADA), Solana (SOL) and Polygon (MATIC) by exchanges and regulatory turmoil that threatens other altcoins the SEC qualifies as securities is expected to be a boost for Ethereum.” said.
In the rise of the weekend, it reached the levels of $ 1,770. Ethereum It is trading at $1,723 with the pullback it experienced at the time of writing.
*Not investment advice
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!