TopCryptoNews

🌕 CZ-owned Trust Wallet launches AI agents that can execute crypto trades

The digital wallet owned by Binance founder Changpeng Zhao, which has more than 220 million customers, said Thursday that users can now employ artificial intelligence-powered agents to perform a variety of crypto transactions.

"Today, Trust Wallet launches the Trust Wallet Agent Kit (TWAK) — infrastructure that lets AI agents execute real crypto transactions, across more than 25 blockchains, within rules that users define and control," the company said in a blog post. The agents can handle cross-chain swaps across several networks, including Solana and Bitcoin, in addition to managing recurring buys.

Crypto firms are increasingly experimenting with AI-powered automation, aiming to allow users to enlist agents that can actively manage portfolios and execute trades.

The new toolkit offers two ways to operate, one where the AI agent has its own wallet and can execute trades automatically based on set rules, and the other where it suggests transactions that users then need to approve.

"Trust Wallet has always been built on a single principle: your keys, your crypto. TWAK extends that principle into the age of AI agents," also according to the blog post. "With WalletConnect mode, an AI can help you act on your portfolio — research, propose, execute — without ever holding your keys. You stay in control."

While the cryptocurrency exchange initially bought Trust Wallet in 2018, it now operates as an independent company.

#CZ | #AI

🫠 1 Bitcoin fee

Someone wanted to transfer 1 BTC to the Kraken exchange, but ended up with 0.0001 BTC ($10) because the fee was 0.99 BTC ($105k).

Consider that you locked in a profit, just not the way you wanted 😁

#BTC #bitcoin #USGovShutdownEnd? #StrategyBTCPurchase

🦊 Shiba Inu (SHIB) Just Crossed One Trillion Threshold in Outflows: Finally

With exchange outflows exceeding one trillion SHIB in a brief amount of time, Shiba Inu is exhibiting a change in on-chain behavior. That is a significant shift in the positioning of large holders, particularly in light of the months-long downtrend and low demand.

Both exchange inflows and outflows have increased, but outflows are outpacing inflows, according to the data. Net flow is still marginally negative, with total outflows at about 1.24 trillion SHIB and inflows at about 1.13 trillion SHIB.

🔸 Price not responding properly

At the same time, exchange reserves are still slightly decreasing. Instead of aggressive selling, this combination usually indicates a slow removal of supply from exchanges. However, the price is not responding, at least not yet.

Compressed under important moving averages, SHIB is still trading between $0.0000058 and $0.0000060, and the overall trend is still negative. Tight ascending support is forming on the chart, resembling previous consolidation phases, but there is no breakout confirmation.

What, then, is truly going on? This appears to be a phase of transition. Larger holders now seem to be repositioning, possibly accumulating at lower levels, as the heavy selling that characterized earlier months has subsided. Rising inflows and outflows, however, indicate that distribution has not entirely vanished.

Psychologically and structurally, reaching the $1 trillion outflow threshold is important because it indicates that substantial capital is prepared to transfer SHIB off exchanges, which typically lessens immediate sell pressure. However, it is insufficient on its own to cause a reversal.

#SHIB | #ShibaInu | $SHIB

⚪️ NEAR’s Upward Potential Shines in Dynamic Crypto Landscape

In a turn of events stirring excitement among crypto enthusiasts, Bitcoin reached a zenith, climbing to $73,480 amid buoyant reports from the U.S. ongoing discussions. Contrasting responses from Iran allowed risk-prone assets some breathing space. Despite last month’s 1% inflation surge and a similar expectation for the Producer Price Index, this backdrop offers fresh prospects. Renowned analyst Michael Poppe sees potential for NEAR Coin, emphasizing opportunities against today’s shifting macroeconomic background.

🔸 Will NEAR Coin Exceed Market Expectations?

NEAR Coin has persistently been a fixture in Michael Poppe’s strategic picks, with recent analyses reinforcing this sentiment. He foresees NEAR transcending its $3–$4 range, aspiring towards a $5 valuation, with a bullish projection as high as $10. Poppe argues that NEAR is undervalued, attributing his outlook to several critical factors.

Key indicators for NEAR’s potential include the issuance of approximately 32 million tokens at a 2.5% inflation rate—forecasted to halve post-2025 updates. Meanwhile, the crypto’s venture capital tokens have largely unlocked, placing 99% in circulation, with 45.5% staked. Revenue growth could reach $50–$60 million annually. Furthermore, network mechanisms enable strategic token burns, with 70% of base layer gas fees permanently eliminated. Poppe highlights the Intents fee buyback’s potential, predicting its amplifying effect over time.

🔸 Has Leverage Clearance Prepared the Grounds for a Rally?

Market dynamics last year were shaken by leveraged positions in futures and options, causing a sharp reversal. Now, participation in CME’s Bitcoin futures has shown a dip after sustained downtrends, signaling a possible precursor to Bitcoin’s resurgence, as muted institutional roles could clear the runway for renewed upward momentum.

#NEAR | $NEAR

🟠 According to an analytics company, Bitcoin (BTC) has returned to an upward trend! How would the opening of the Strait of Hormuz affect the...

Despite ongoing tensions between the US and Iran in the Middle East, Bitcoin (BTC) continues to hold strong.

Bitcoin, although it fell to the $70,000 level after the first round of talks between the US and Iran over the weekend ended without a result, rose again above $74,000 following news that a second round of talks between the two countries would resume.

While it remains to be seen whether this upward trend will continue, cryptocurrency company Wintermute has shared its expectations.

Wintermute primarily reported that Bitcoin and the crypto market experienced two distinct phases last week: “In the first half of the week, the Nasdaq rose 4.5% on expectations of a ceasefire, Bitcoin increased 2.6%, and the VIX fell below 20. In the second phase, over the weekend, talks in Islamabad stalled, and the US imposed a full naval blockade on Iranian ports. This caused Brent oil to surge 8% in a single day, climbing above $103, leading to a pullback in risky assets like Bitcoin.”

On the macroeconomic front, US March CPI figures were released, showing a 3.3% increase year-on-year, while core CPI rose by 2.6%. According to Wintermute analysts, these figures were slightly below expectations, and the market interpreted them as a temporary energy shock rather than a sustained increase in inflation.

In light of this data, Wintermute analysts noted that while Bitcoin didn’t lead the rally, it closed last week up 2.6%, suggesting that the bullish trend could continue.

At this point, analysts say that ceasefire trading is dead and markets are now in climbing mode.

According to analysts, the reopening of the Strait of Hormuz could push Bitcoin above $75,000, while ongoing tensions could keep prices in a narrow range with a downward trend.

#BTC | #Bitcoin | $BTC

📣 3 Altcoins Traders Are Watching Closely Right Now

t the start of the third week of April, three digital assets present high-volatility technical setups. Investors are closely monitoring these altcoins as RaveDAO, Polkadot, and Official Trump face price levels that will determine their immediate trajectory in the global market.

RaveDAO stands out for its parabolic movement, generating returns of over 3,500% from its lows. Trading volume supports the surge; however, an RSI at 99 warns of extreme saturation while the price seeks to consolidate above $7.47.

In contrast, the situation for Polkadot is complex following the detection of a security flaw in the Hyperbridge gateway, which allowed for the illicit minting of wrapped tokens. While the main chain remains secure, the DOT token is trading near its all-time low of $1.10 as market panic sets in.

🔸 Security Challenges and Price Projections

There is also turmoil in the segment of assets linked to political figures, with the TRUMP token in a fierce battle to defend its $2.81 zone. A close above $3.08 would confirm a bullish reversal pattern, with a potential recovery target of nearly 19% toward $3.34.

Furthermore, doubts persist regarding transparency in the RAVE supply after suspicious whale movements were detected on Bitget prior to the breakout. These manipulation alerts, combined with regulatory uncertainty in the Asian market, are currently weighing on the Polkadot ecosystem.

Currently, the landscape for traders is defined by euphoria in RaveDAO, crisis management in Polkadot, and the technical struggle of Official Trump. The ability of these assets to hold their current support levels will be vital to avoiding a deep correction in the coming days.

#RAVE | #DOT | #TRUMP | $RAVE | $DOT | $TRUMP

₿ Are the gold peaks already behind us?

I came across an interesting chart of the BTC/gold ratio: previously, it took ~395 days from the peak of BTC dominance to its trough, after which it started to rise again.

Now, this period has already reached 427 days, and the question arises: either the pattern has broken down, or it has simply dragged on, and we will soon see an increase in BTC dominance.

This doesn't directly mean that BTC will skyrocket - it's just that gold may fall faster against BTC. And this seems logical, as the geopolitical situation is forcing many countries, such as Turkey and others, to sell their reserves to mitigate economic damage.

#BTC | #Bitcoin | #GOLD | $BTC

📊 WLFI mints $25 million in fresh USD1 and burns $3 million, days after repayment claim

World Liberty Financial minted 25 million USD1 stablecoins on Monday morning and burned 3 million through its TokenGovernor contract, on-chain data shows, as the Trump-linked venture continues managing the fallout from a lending position that trapped depositors on DeFi protocol Dolomite.

The activity follows WLFI's statement last week, posted in response to CoinDesk's reporting on the Dolomite transactions, that it had repaid $25 million of the roughly $75 million it borrowed against its own governance token.

The venture deposited billions of WLFI tokens as collateral and borrowed stablecoins that were partially routed to Coinbase Prime, pushing Dolomite's USD1 lending pool to near-100% utilization and leaving other depositors unable to fully withdraw.

Monday's mint was funded through BitGo Custody and executed via WLFI's USD1 Mint Authority contract. The 3 million USD1 burn moved from an address starting 0x2ce to the TokenGovernor contract before being sent to the null address, permanently removing the tokens from circulation.

Smaller test transactions of $10, $10,000, and $40,800 in USD1 were sent to a previously inactive address in the hours before the mint, a pattern consistent with wallet verification ahead of larger transfers.

The net effect is a $22 million increase in USD1 circulation. The simultaneous mint and burn indicates active supply management rather than a simple expansion.

However, the burn raises its own question of where those 3 million USD1 came from and why they were retired rather than redeployed.

Stablecoin issuers routinely burn tokens when collateral is redeemed, but WLFI has not disclosed the specific reason.

It is not yet clear whether the newly minted USD1 is intended to replenish Dolomite's lending pool, fund additional treasury operations, or serve another purpose.

#WLFI | $WLFI

🇺🇸 US SEC Releases New Guidance on Cryptocurrencies! Here Are the Details

The US Securities and Exchange Commission (SEC), which abandoned its negative stance towards cryptocurrencies under Donald Trump, stated that cryptocurrency trading services may be exempt from brokerage registration under certain conditions.

The SEC’s Office of Transactions and Markets is exempting some DeFi platforms from the brokerage registration requirement.

According to Chinese cryptocurrency journalist Wu Blockchain, the SEC’s Division of Trade and Markets has released guidance exempting certain DeFi protocols and non-custodial wallets from brokerage registration requirements.

According to the SEC’s new guidance, user interfaces such as websites and mobile applications that support blockchain-based trading do not need to be registered as securities brokers if they meet certain conditions.

These conditions include “no order redirection, no investment advice, no storage of user assets, and only fixed, neutral fee structures.”

The SEC stated that this decision is an interim step to clarify the application of regulations relating to crypto asset securities.

“This statement is part of an effort to provide greater clarity regarding the application of federal securities laws to activities involving crypto asset securities.”

According to the statement, this guide will cover self-custodial wallet interfaces, and the exemption will be valid for the next five years.

According to the new guidelines, a DeFi protocol is exempt if it only provides an interface without processing orders or taking custody of assets. The exemption will be valid for five years.

#USA

🪙 XRP Notes Strongest ETF Week Since February

XRP has just achieved its biggest ETF inflow as institutional demand appears to have returned after its recent price rally, sparking optimism across the crypto market.

The last 24-hour trading session saw all existing XRP funds collectively attract about $9 million in new capital. While this appears relatively low, it is the highest daily inflow recorded since Feb. 6, 2026.

🔸 XRP ETFs hit two-month high

According to data from SosoValue, the large single-day inflow, seen on April 10, has driven a stronger weekly report for the XRP ETF ecosystem.

Following the resurgence in institutional demand for the XRP-based investment product, XRP ETFs have recorded $11.75 million in inflows over the past week.

While this resurgence was preceded by multiple weeks of extremely low performance, this inflow saw XRP record its strongest ETF week since Feb. 6, 2026.

As such, the XRP ETF market has just achieved a two-month high in inflows following the wave of fresh capital poured into the funds at the end of the week.

The surge in capital intake was mostly fueled by the Bitwise XRP ETF as it continues to dominate the market with larger inflows, compared to its peers.

Further data revealed that the strong inflow seen during the last trading session was fueled by the XRP ETFs offered by Bitwise and Franklin Templeton alone. Other funds remained dormant, recording zero ETF flow for the day.

🔸 XRP stalls below $1.35

Despite the recent rally seen during the past weekend, XRP continues to hover below the $1.35 mark, sparking concerns among the XRP community.

Although momentum is currently weak, the surge in institutional demand has fueled a bit of optimism among investors. Market analysts believe that XRP may see a strong rebound soon if institutional demand is fully restored and ETF performance grows stronger.

#XRP | #Ripple | $XRP

🟠 Michael Saylor's Strategy added 13,927 bitcoin for $1 billion

Michael Saylor’s Strategy (MSTR) added 13,927 bitcoin to its treasury over the past week at an average price of about $71,902 per coin, for a total cost of roughly $1 billion, according to a Monday filing.

The purchase brings the company’s total holdings to 780,897 BTC, acquired for approximately $59.02 billion at an average cost basis of $75,577.

Last week’s acquisitions were entirely funded by $1 billion raised through sales of the company’s preferred stock, Stretch (STRC).

The current price of bitcoin is hovering just below $71,000, while MSTR shares are down more than 2.5% in pre-market trading.

#BTC | #Bitcoin | #MichaelSaylor | $BTC

📣 DOGE, SHIB, PEPE Price Forecast as US Senators Probe Trump’s Mar-a-Lago Meme Coin Conference

Meme coins have been under bearish pressure in recent months amid waning demand caused by declining prices across the broader crypto market. These coins could be poised for even more volatility after several US Senators launched an investigation into President Trump’s upcoming meme coin conference at Mar-a-Lago. This conference could affect the price forecast on Dogecoin ($DOGE ), Shiba Inu ($SHIB ), and Pepe Coin ($PEPE ).

#DOGE | #PEPE | #SHIB

🟡 Binance Founder CZ Joins the Debate Over Who Satoshi Is

Binance founder Changpeng Zhao (CZ) made important statements about Bitcoin’s mysterious founder Satoshi Nakamoto, the future of cryptocurrencies, and his new book in a recent interview.

CZ argued that keeping Satoshi’s identity secret was critical to Bitcoin’s success.

CZ stated that he doesn’t know Satoshi Nakamoto’s identity and that not knowing is better. He said that Satoshi’s anonymity is the biggest feature that distinguishes Bitcoin from other projects.

According to CZ, unlike projects like Ethereum, the lack of an active leader at the helm of Bitcoin allows the project to remain truly decentralized. He added that if Satoshi’s identity were known, it could create speculative pressure on the market and damage Bitcoin’s founder-independent nature.

CZ also shared details about his highly anticipated book. He admitted that the writing process began while he was in prison and had “nothing to do.” He said the main purpose of the book was to correct misconceptions in traditional media and to tell his own story directly.

CZ stated that AI and Blockchain are revolutionary technologies at the internet level. He predicts that artificial intelligence will use crypto for payments, and that the crypto world will develop self-custody tools thanks to AI.

CZ argued that cryptocurrencies are “too transparent” to believe, and that tracking data on the blockchain is much easier than in traditional finance.

He stated that prediction markets, which have become popular recently, have great potential and have become an important tool in “discovering truth through information.”

CZ expressed cautious optimism regarding geopolitical tensions between the US and China, stating that the fact that both countries have economically focused leaders increases the likelihood of a middle ground.

#CZ | #ChangpengZhao | #SatoshiNakamoto | @CZ

🪙 Why XRP Could Replace the Petrodollar and What the Strait of Hormuz Crisis Has to Do With It

The events unfolding in the Strait of Hormuz are not just a geopolitical story. According to analyst Mickle, they may be the moment the world learns it does not need the dollar to settle trade.

“What’s happening in the Strait is teaching all of these other countries how to transact in something other than the petrodollar,” Mickle said in a recent discussion. “If that starts to happen, we’re going to see more XRP, Ethereum and a handful of other tokens being used in some of these global settlements.”

🔸 Flight From Currency, Not Just the Dollar

The framework underpinning Mickle’s argument draws on Ray Dalio’s long-cycle economic theory, specifically the final stage of a reserve currency collapse where the flight is not from one currency to another but from currency itself.

For years, that final stage was assumed to involve the Chinese Yuan stepping into the dollar’s role. Mickle argues that the narrative has shifted. Even Dalio, historically a gold advocate, appears to have pivoted toward something broader. The question is no longer which nation’s currency dominates. It is whether any nation’s currency dominates at all.

“I think Ray Dalio has pivoted his thesis because that final stage is now a flight from currency itself,” Mickle said. “Digital assets create an off-ramp from the global centralised fiat currency and into decentralised neutral liquidity sources.”

🔸 Why XRP Fits the Moment

Mickle was specific about what qualities matter when nations are looking for alternative settlement rails. Deep liquidity pools. International settlement capability. The ability to move value at speed. And neutrality, meaning no single government controls it.

“There’s only a handful of tokens that fall into that category and XRP is one of them,” he said. “That is exactly where an asset like XRP can be strategically positioned at a global level.”

#XRP | #Ripple | $XRP

🇦🇷 Argentina Recognizes Crypto as Qualified Investors' Net Worth

The Argentine Securities and Exchange Commission (CNV) now recognizes cryptocurrencies as assets that can be considered part of an individual’s net worth to qualify as an investor. The move might allow investors to reach the nearly $478K in assets to be part of this class.

🔸 Argentina Changes Law to Recognize Crypto as Net Worth for Qualified Investors

Argentina is slowly working to open its financial industry to crypto assets, moving to increase the recognition of cryptocurrency across all sectors of its economy.

The Argentine Securities and Exchange Commission (CNV) issued General Resolution 1125/2026, which establishes that virtual assets will be recognized as part of an individual’s worth for reaching the classification of a qualified investor in the country.

The resolution defines virtual assets as “any digital representation of value that can be traded and/or transferred digitally and used for payments or investments.” This means that cryptocurrencies, tokenized assets, and even stablecoins could be used as these assets.

The CNV argued that “the progressive incorporation of new asset classes—such as Virtual Assets—into investment portfolios renders their inclusion advisable for the purpose of demonstrating the required financial capacity, since they constitute an additional manifestation of the investor’s economic capacity and financial experience.”

Before, when investors disclosed their crypto holdings, these could not be accounted as part of the assets needed to reach the nearly $479,000 to enter this investment classification.

With this measure, the CNV seeks to democratize and open investment markets to new target audiences who are not normally interested in traditional investments and focus more on digital alternatives, including staking and decentralized finance platforms.

#Crypto | #BTC | $BTC

💧 SUI Price Climbs 1.3% Amid BTC Rally and CME Futures Buzz

On April 10, the SUI price experienced a small surge on a daily chart after soaring around 1.31%, helping its value to reach $0.940. The price movement was witnessed following a bullish sentiment in the crypto market.

With a small spike, SUI is currently trading at around $0.9403 with a market capitalization of $3.71 billion, according to CoinMarketCap. Although the daily trading volume dropped by 6.54% and is currently revolving around $338 million. The total circulating supply is around 3.95 billion.

The current price of SUI is way below its all-time high of $5.35 in January 2025. However, the small price surge in the token is showing a growing buying interest in the layer 1 blockchain asset amid hopes of recovery in the market.

🔸 SUI Follows Recovery Trend in Crypto Market

The spike in the SUI price chart was witnessed against a backdrop of bullish sentiment in the overall cryptocurrency market. Bitcoin (BTC) price soared above $72,000 after President Donald Trump announced a two-week ceasefire with Iran.

This announcement has released tension about potential disruptions to global oil supplies and helped reduce fears of higher inflation. Investors have started placing their money into the crypto market after staying away during its bear run.

The SUI price is currently in the neutral to bullish zone. The 14-day relative strength index has been recorded at around 47, which placed momentum in neutral to slightly positive territory and suggested additional room for gains before any overbought signals take place.

Similarly, moving averages are suggesting a clear buy signal with 10 positive readings against only 1 sell signal, which suggests upward pressure on shorter time frames.

According to the current price chart, there is an immediate support at around $0.926, while there is a major resistance level sitting around $0.961.

#sui | #Suinetwork | $SUI

🤔 Avalanche transactions hit a 2026 high of 3.5 mln: Can AVAX reach $10 again?

Avalanche has experienced a massive surge in on-chain activity and network usage. According to Nansen, Avalanche’s daily transactions have surged to 3.5 million, the highest level in the past year.

Such a massive jump in transactions indicated growing network usage. Over this period, the network’s active addresses went from 100K for most of 2025 to a new floor of 500K to 700K.

Nansen noted three major factors that primarily drove this network growth. Firstly, Grayscale launched GAVA, an AVAX staking ETF on Nasdaq, creating a link for institutional investors.

Secondly, the SEC and CFTC classified AVAX as a digital commodity, thus bringing regulatory clarity. Finally, Broadridge brought proxy voting on-chain, allowing on-chain building.

When active addresses and transactions rise in tandem, it suggests strengthening fundamentals through real usage rather than speculation.

In fact, the network has seen a surge in real users, as evidenced by the Sybil and Non-Sybil metrics. This metric showed that non-Sybil users have climbed from 5k to 49k over the past four months.

🔸 Market demand is gradually recovering

Interestingly, as network activity rises, AVAX has seen significant demand across the market, especially from large entities.

On the spot side, for example, buyers have shown relative strength in recent weeks. Over the past three days, the altcoin recorded $49 million in outflows compared to $45.9 million in inflows.

As a result, the Spot Netflow has remained negative, dropping by 180% to -$3.06 million, a clear sign of aggressive spot accumulation.

Looking at the Spot Average Order Size data, it seems this demand is mostly arising from whales. As such, large whale orders have occurred around $9.3, with whales establishing a demand wall around $8.9 and $9.3.

#AVAX | #Avalanche | $AVAX

🔵 Cardano (ADA) Dethrones Bitcoin Cash as Price Sees Mild Rebound

Cryptocurrencies are currently experiencing an uptrend, with the total market cap increasing by 1.2% to $2.44 trillion over the past day. Amid this rally, Cardano (ADA) has dethroned Bitcoin Cash (BCH) in the crypto rankings by market cap.

🔸 Cardano overtakes Bitcoin Cash

Recent data from CoinMarketCap shows that Cardano has made a positive move to reclaim a Top 10 spot by market capitalization after seeing a mild price rebound.

Following this move, ADA flipped Bitcoin Cash down to 13th place in the market cap rankings.

Currently, Cardano has a market cap of approximately $9.1 billion, while BCH sits roughly at $8.8 billion. As regards price, ADA hovers around $0.2514, and BCH trades at $442.10.

In early February, ADA traded lower, and its market cap had slipped such that BCH became competitive, rising to 10th place.

However, amid a bullish market rebound, ADA jumped mildly by 2.9% over the past week. On the other hand, Bitcoin Cash saw only modest gains of 0.21% during the same period.

This price surge is in response to easing geopolitical tensions and improved overall investor sentiment across the crypto market.

Usually, top altcoins like ADA outperform in the recovery phase, as traders rotate into assets that were down more severely earlier in previous cycles.

🔸 Improving Cardano sentiment

In addition to the broader market rally, some Cardano-specific updates have supported the recent price move.

For example, the number of Cardano whales has continued to grow, recently hitting a four-month high. The surge in whale activity has likely helped to influence other investors to buy ADA, leading to a price rebound.

In addition, Cardano founder Charles Hoskinson recently hinted at a potential artificial intelligence (AI) integration. Hoskinson described AI as "magic" and believes it can complement blockchain.

#ADA | #Cardano | $ADA

🔵 Ethereum Network Activity Hits New ATH

Although Ethereum has continued to trade sideways amid the broader crypto market downturn, its network is flashing positive signals instead, showing increased strength and usage.

On Friday, April 10, data from crypto analytics platform CryptoQuant shows that network activity on Ethereum has surged to a new all-time high, signaling growing network usage despite price instability.

🔸 Ethereum’s total transfer count surpasses 1.3 million

Notably, the source provided a chart revealing that Ethereum’s seven-day Simple Moving Average for total transfer count has surpassed 1.3 million transactions as of April 10.

This rapid increase has seen the metric cross its previous peak recorded in mid-February. Apart from marking a major milestone in the Ethereum ecosystem, the surge highlights renewed optimism and increased usage across the network.

It is important to note that the surge in transfer activity also reflects growing demand and increased participation on the ETF market, decentralized finance, layer-2 scaling solutions and smart contract applications.

🔸 Ethereum set to recover

While Ethereum has continued to face mixed sentiment from investors, the surge in its network activity suggests that Ethereum is not just being held. Rather, it is being actively used, considering its wide array of utilities — even across the DeFi ecosystem.

Nonetheless, its price performance over the past day suggests that the new milestone may precede a major price recovery for Ethereum.

CoinMarketCap data shows that Ethereum is trading at $2,216 as of writing time, marking a decent increase of 1.63% over the last 24 hours.

Oftentimes, increases in transaction counts are a major indicator of growing demand, which tends to reduce circulating supply over time, potentially fueling upward momentum for its price.

#ETH | #Ethereum | $ETH