{"id":38447,"date":"2022-12-17T23:52:34","date_gmt":"2022-12-17T23:52:34","guid":{"rendered":"http:\/\/egrowonline.com\/?p=38447"},"modified":"2022-12-17T23:52:34","modified_gmt":"2022-12-17T23:52:34","slug":"why-is-ethereum-eth-price-down-today-by-cointelegraph","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=38447","title":{"rendered":"Why is Ethereum (ETH) price down today? By Cointelegraph"},"content":{"rendered":"


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\n\"Why
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Ether (ETH<\/span>) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates.<\/p>\n

The Ether sell-off follows a market-wide decline that has sent network fees plummeting by 39.90% in the past 30-days. <\/p>\n

Daily Ethereum network fees and daily active users. Source: TokenTerminal<\/em><\/figcaption><\/figure>\n
Total USD value locked on the Ethereum network. Source: DefiLlama<\/em><\/figcaption><\/figure>\n
Ethereum supply. Source: ultra sound money<\/em><\/figcaption><\/figure>\n
Ethereum network DeFi protocols sorted by market cap. Source: DeFiLlama<\/em><\/figcaption><\/figure>\n

Continue Reading on Coin Telegraph<\/a><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent network fees plummeting by 39.90% in the past 30-days. Daily Ethereum network fees […]<\/p>\n","protected":false},"author":1,"featured_media":27968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[68,181,158,195,446],"class_list":["post-38447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-cointelegraph","tag-eth","tag-ethereum","tag-price","tag-today"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/09\/Ethereum_800x533_L_1556445174.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/38447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38447"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/38447\/revisions"}],"predecessor-version":[{"id":38448,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/38447\/revisions\/38448"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/27968"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38447"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}