Ethereum Price Touches $1,700 While Deflation Rate Quickens
Ethereum Ang Presyo ng Ethereum ay Umabot sa $1,700 Habang Bumibilis ang Deflation Rate Balita ng Ethereum ng Bitcoin Ang Ethereum price has cranked to a five-month high today. Furthermore, ETH issuance is the most deflationary since ang Pagsamahin transitioned the protocol to patunay-ng-taya. Ethereum prices have reached their highest levels since mid-September. The Hong Kong crypto hub narrative has buoyed markets, and Ethereum is riding the wave. Ethereum issuance has also fallen to its most deflationary level since the Merge occurred in mid-September. The current circulating supply of ETH is 120.49 million. It has decreased by 23,651 ETH or roughly $40 million since the Merge, according to the UltraSound.Money mangangaso. The supply growth is currently -0.7% per year as more than 4,100 ETH gets burnt daily. This week has seen the most accelerated rate of deflation since the Merge. However, gas prices have ticked up this week, resulting in higher burn rates. Institutions Piling into Ethereum Staking continues to be a solid momentum driver, despite the SECs war on crypto and attack on staking services. According to Ultrasound.Money, there is currently 16.6 million ETH staked on the Beacon Chain. At current prices, this is worth around $28 billion. Additionally, this works out at 13.8% of the total supply, which