Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low
ETH has given up its deflationary status as network fees are falling, putting pressure on the price of the second largest cryptocurrency.
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ETH has given up its deflationary status as network fees are falling, putting pressure on the price of the second largest cryptocurrency.
BTC slid to $26,500 as interest rates and the U.S. dollar surged while equities declined.
The recent decline in the ETH/BTC ratio continues a trend that began more than a year ago.
There’s a high probability of approval on or before the SEC’s final deadline in mid-October for a decision on the first ether futures ETF in the U.S.
ETH fell to as low as $1,547 last Thursday, its lowest price since June.
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.