Bitcoin and its brethren appear to be healing from the damage done by the FTX collapse and the contagions that followed. The asset hit an intraday and two-month high of $18,287 during the Thursday morning Asian trading session. BTC has now gained 10% over the past fortnight and is up 4.2% over the last 24...Read More
Ethereum’s Shanghai upgrade seems to be just around the corner. The core change that will be implemented after it’s through will be that ETH stakers will be able to withdraw their cryptocurrency currently locked in the ETH 2.0 smart contract. At the time of this writing, the Beacon Deposit Contract holds almost 16 million ETH,...Read More
Valuations in the cryptocurrency market have dropped significantly from their all-time highs, with the total market capitalization losing around $2.2 trillion – a decline of around 73%. Many altcoins, including some from the large caps, have lost over 90% of their value since their all-time highs, and industry participants are scrambling to time the bottom....Read More
Crypto markets have gained more than 9% over the past week, sending total capitalization back over the $1 trillion level again. Some crypto assets have performed better than others, and Ethereum has been making more gains than its big brother over the past seven days. During the rally, which began on Oct. 25, Ethereum gained...Read More
The Australian financial services company – Finder – conducted two surveys among its high-profile specialists to determine their expectations of bitcoin’s future price. The experts predicted that the leading digital asset will trade at approximately $21,300 by the end of the year. They are quite bullish on the long-term valuation, expecting it to surge to...Read More
It’s been a wild ride on Ethereum markets over the past 24 hours as the cryptocurrency went through considerable volatility. This caused a wave of liquidations across leveraged ETH positions, amounting to over $100 million in the past day. Data from Coinglass reveals that the past 24 hours saw almost $200 million in total liquidations. Over $110...Read More
The liquidations on a daily scale are on the rise once again after the recent market stagnation as BTC, and most altcoins turned red. Ethereum erased all of its recent gains, dipping below $1,500 briefly, while BTC saw a multi-week low. Yesterday was a predominantly positive day for the crypto market, especially for the altcoins,...Read More
Bitcoin only intensified its recent price drops by slumping to just under $20,000 for the first time in about six weeks. The alternative coins suffer, too, leading to almost $400 million in liquidations from over-leveraged traders. CryptoPotato reported the relatively stable price movements from bitcoin in the past week or so. After falling by $4,000...Read More
Bitcoin and Ethereum slumped by double-digit percentages weekly after tapping multi-month highs last weekend. This resulted in over $150 billion gone from the entire market cap. Somewhat expectedly, the Fear and Greed Index has returned to a state of fear, but BitMEX’s co-founder – Arthur Hayes – believes this retracement could be an opportunity to...Read More
The timing of the Merge has been the bone of contention for the Ethereum ecosystem. Developers expect it around September 19, even as the timeline is not concrete. But, with the details before the final testing phase of the event revealed, derivative trades have flipped bullish. CoinShares Head of Research James Butterfill, for one, believes...Read More
Former BitMEX CEO Arthur Hayes says he expects Ethereum to reach $5,000 by the end of Q1 2023. His estimate is based on a dual expectation that the Federal Reserve will ‘pivot,’ and that the Merge upgrade will be successful – both of which will bolster the price of the second-largest cryptocurrency. Inflationary Dollar, Deflationary...Read More
U.S. GDP has contracted for the second consecutive quarter. On July 28, the Commerce Department reported that gross domestic product had fallen by 0.9% between April and June. The United States has been in negative GDP for the first six months of this year, which has traditionally meant that it is in recession. The figure...Read More
Bitcoin and Ethereum are pumping after the U.S. Bureau of Economic Analysis released its official GDP data for Q2 2022. The data shows that real GDP decreased by 0.9% year over year, marking the nation’s second consecutive quarter of negative GDP growth. Bitcoin traded for about $22,700 prior to the bureau’s release at 08:30 EST....Read More
Ethereum’s daily active address has hit a new all-time high surpassing the previous peak by a whopping 50%. This massive increase comes amid the latest developments on the Merge front. According to the crypto analytic platform, IntoTheBlock, more than 1.1 million addresses made an ETH transaction on July 27th, catapulting the total number of transactions...Read More
On July 28, lead Ethereum developer Tim Beiko announced the final details before the final testing phase of the Merge. The latest proof-of-stake testnet transition will be on the Goerli testnet, the closest simulation of the Ethereum mainnet. The Goerli version of the Beacon Chain is called Prater, and it will be merged with the...Read More
A study conducted by the Australian fintech company – Finder – revealed that the vast majority of participants (78%) think Ethereum’s “Merge” will have a positive impact on the token’s price. ETH’s valuation is expected to top $1,700 by the end of 2022 and surpass $14,000 by 2030, they said. Ethereum’s Possible Price Pumps It...Read More
After several months of gradual declines, the number of Ethereum wallets containing between 1,000 and 100,000 ETH jumped to a local peak. At the same time, smaller ETH addresses have also been on the rise, perhaps stacking for the upcoming Merge. ETH Whales Increase The data provided by Santiment revealed that the so-called whales (holding...Read More
Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, said Terra’s failure was a byproduct of the macroeconomic environment as the Feds raised rates and tightened up its balance sheet. He also expressed conviction on the broader market in the medium and long term, reiterating that Ethereum could still reach $10,000...Read More
Ethereum whales have registered a sharp uptick in activity in the past few days, making nearly 2,600 transactions worth over $1 million each yesterday alone. This is the highest number of such transaction activities in a day since January. 🐳 #Ethereum‘s whales have been extremely active today, firing off 2,596 transactions valued at $1M or...Read More
The recent market correction doesn’t seem to be a one-day thing, as the entire crypto space is covered in red once more. Consequently, over-leveraged traders continue to get liquidated with almost $700 million in hours. CryptoPotato reported yesterday’s market crash in which bitcoin dumped by $5,000 in a day to a six-month low at $38,000....Read More
The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation. But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in...Read More
According to Etherscan, the Ethereum Foundation has once again sent tens of thousands of Ether to Kraken. Etherscan recorded the transaction only hours ago at 2:56 PM UTC The transaction shows an Ethereum dev sending a contract of 20 000 Ether to Kraken’s public address. That’s worth over $95 million at today’s prices. A similar...Read More
The Ethereum London upgrade has been eagerly awaited, not because it will reduce fees (gas has actually gone up since it launched), but because it is burning them. EIP-1559 introduced a mechanism that burns some of the gas or base fee. This is very important for supply and issuance economics which are currently inflationary for...Read More
Bitcoin Bitcoin saw an impressive 20% price hike this week as it reached the $40K resistance level. The cryptocurrency penetrated above a descending wedge formation last Thursday and continued above the 20-day MA level last Friday. Since breaking the wedge, BTC surged higher inside an ascending price channel as it broke the 50-day MA level...Read More
ETH/USD – Ether Forms Short Term Rising Wedge Key Support Levels: $2200, $2100, $2035 – $2000.Key Resistance Levels: $2340, $2400, $2440. Ethereum has seen a promising start to July as it breaks above the 20-day MA and heads above $2200. The cryptocurrency now faces resistance at $2340, provided by a .236 Fib Retracement, and is...Read More
ETH/USD – New 16-Day High. Key Support Levels: $2300, $2250, $2130. Key Resistance Levels: $2350, $2440, $2540, $2640. Ethereum rebounded from support at $1700 (mid-March support) at the beginning of last week and surged into resistance at $2300 (bearish .5 Fib) on the first day of July. However, the second-largest crypto quickly got rejected and...Read More
Bitcoin’s weekend struggles seem to be nowhere near as the cryptocurrency initiated another leg up and reclaimed $35,000. Most of the altcoins have charted gains as well, with Ethereum jumping above $2,300 for the first time since mid-June. Bitcoin Reconquers $35K After the volatile week in which BTC reached a multi-day high of $36,600 and...Read More
After the enhanced volatility in the past few days in which BTC displayed several multi-thousand dollar moves, the cryptocurrency has calmed around $35,000. Some altcoins have charted more significant gains, with ETH reclaiming $2,100 and DOT surging 6%. ETH Above $2,100; DOT Reconquers $16 The alternative coins mimicked BTC’s performance in the past several days...Read More
This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red. Bitcoin Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618...Read More
Ethereum’s London hard fork launched on the Ropsten testnet on June 24 in preparation for the mainnet rollout in July. The upgrade will usher in the implementation of the highly anticipated EIP-1559 modification that will adjust the Ethereum transaction fee calculation mechanism. Ropsten in #London!Welcome #EIP1559https://t.co/oKhEMR83fz — Nethermind (@nethermindeth) June 24, 2021 The next phase...Read More
