Ethereum Market Report: Price Plummets $1.5 Billion $ETH Traded

Price change is the $ETH percentage change within the period:

The 24 hour volume for $ETH/USD on Bitfinex is $89,641,200. This volume weight is moderate to heavy when compared with Bitfinex daily trading levels for $ETH over the last month.

The total 24 hour volume for all reporting $ETH markets is $1,511,890,000.

The Bitfinex currency pair $ETH/USD is 5.93% of all $ETH traded in twenty-four hours. Bitfinex edged out nearest competitor OKEx for top $ETH pair. However, the good news ends there as OKEx has both number 2 and 3 top pairs. Huobi has 4 and 5 in a tight ether market. Browse the chart below for details:

Top $ETH Pairs

Ether is seeing downward pressure as $1.5 billion $ETH was traded in twenty-four hours worldwide and price plummets. Ethereum is down -10.77% in 24 hours, down -24.57% on the week and down -26.87% on the month on a last price of $614.32. The Ethereum marketcap is $60,317,222,983 with a circulating supply of 98,185,348 $ETH. $ETH/USD is trading between a 24hr high of $702.41 and a 24hr low of $612.86 on a 24hr Bitfinex volume of $89,641,200. This trading volume is moderate to heavy. The weekly price trend is down.

One Year $ETH Chart

One Day $ETH Candles

Browse Ethereum Collection

Learn about the unique characteristics of $ETH. Browse our collection of Ethereum Market Reports.

Social Media: Phishing Scams Abound
If it’s too good to be true, it probably isn’t:

Come on people this user @oficlaImcafee is an obvious #scammer. Official McAfee Twitter is @officialmcafee. Etherscan shows he got over 9 #ethereum already. Plus 1 #losertoken https://t.co/7rpEMROIsP pic.twitter.com/c2MedtpqeJ

— LoserToken (@loser_token) March 14, 2018

Social Media: State of South Carolina Makes the Tax Grab
For crypto mining to be considered an “investment contract” for a “security” really stretches the imagination, but the state of South Carolina has done it:

Contributed by @ivyriane "The cease and desist order claims that both companies are selling securities to South Carolinian residents without having the necessary licensing to do so." #bitcoin #ethereum #litecoin #cryptocurrency #investinghttps://t.co/kftEVBBKFU

— Wes Post (@wespostdotcom) March 14, 2018

Wednesday March 14 2018 bitcoin Background

Altcoins such as Ethereum ($ETH) may show a relationship with bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of bitcoin
24 Hours of #bitcoin
-8.87% price $8,355.43
vol $5,810,600,000
mktcap $141,366,247,092
16.92M #XBT 18:52
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Tap / click to enlarge:

Ether is seeing downward pressure as $1.5 billion $ETH was traded in twenty-four hours worldwide and the price plummets.

Main Data Source

Bitfinex is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from Bitfinex.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of bitcoin are data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization is the total $US dollar value of the Ethereum market calculated using the formula:

As always, thanks for all of your feedback. Below are a few exciting updates / changes.

Improving the buy and sell experience

We’ve simplified the buy / sell experience to make it easier to place new trades and manage your funds. Back in October, we rebuilt and redesigned much of the core Coinbase mobile experience. These changes are a continuation of that effort. With this update, we’ve removed all unnecessary actions from the trading flow, so everyone can focus on exactly what matters — how much you want to buy or sell.

These updates will be rolling out gradually for all iOS and Android customers over the coming week.

Tax Center is now live

Earlier this week, we announced the launch of our Tax Center. Our team is working hard to improve the entire investment experience — we know taxes are a pain point for many customers. We’ve designed these tools to make calculating and filing your crypto taxes more manageable. Our blog post includes details on how to use our tools and a few methods for calculating your gains and losses. As always, feedback is more than welcome — we’ll be making improvements throughout the year to ensure that calculating your 2019 taxes is easier than ever.

Account Statements now available

Digital currency is becoming an increasingly important asset class for many of our customers. Over the last several months, we’ve received thousands of support requests from customers asking for account statements — folks have used these reports to qualify for mortgages or other loans, to validate net worth for investment purposes, and so much more.

So, we’re excited to announce that all customers can now generate their own account statements from within the Tools section of coinbase.com. Simply navigate to Tools, click “New Report”, select “Account Statement” within type, and then customize as necessary. Hopefully these reports make your Coinbase investment experience a little bit simpler.

PayPal has been discontinued

As we mentioned last week, we disabled PayPal entirely on Wednesday, March 7th. Our PayPal offering was not meeting customers’ expectations, so we decided to disable the functionality until we could overhaul the entire experience. Our goal is to re-add PayPal later this year.

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Thanks for your continued support.

Product Update — Buy/Sell, Taxes and Account Statements was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.