Monthly returning buyers of Ethereum-based NFTs bounced back to 45,000 in June after seeing less than 35,000 in May, according to blockchain analytics service Nansen’s Q2 NFT report. The firm analyzed six indexes of NFTs denominated in ETH, finding that the gaming index got hit the most, 59.6% down from the beginning of the year....Read More
Bitcoin (BTC) Price Analysis Bitcoin price is currently hovering within an uncharted area where-in both the possibilities of a rebound and a drastic plunge is making their way out. On the other hand, the volume also appears to have been equally distributed among the bulls and the bears. Therefore in case, anyone gets exhausted, the...Read More
BitMEX Research recently published a report detailing why Ethereum has dwarfed Bitcoin as the center of Dapp and developer activity within crypto. While there are technical reasons for the discrepancy, the team claims that Bitcoin developer culture prior to Ethereum’s launch drove alternative use cases away from its ecosystem. The OP_Return Controversy The report explores...Read More
The Ethereum price currently has ranged beyond $1200, reentering the bullish ascending channel. After a huge fakeout, the second largest crypto is expected to maintain a firm upswing to leap beyond $1400, but a massive re-distribution phase is all set to begin shortly. This phase may drop the price hard that may keep up the...Read More
Ethereum’s ninth shadow fork went live in the early hours of July 15, marking one of the final testing stages before the big event. Ethereum developers have been running a series of test forks replicating data from the mainnet into the testing environment in preparation for the final Merge. A shadow fork is a smaller...Read More
Ethereum price is currently stumbling to re-enter the bullish pattern but progressively maintaining the lower support just above $1000. With the current pattern formation, sustaining within an ascending trend may be a little difficult at the press time. As the second-largest crypto remains gloomy as the asset is facing a couple of hurdles for nearly...Read More
The bloodbath will probably worsen, at least, until the end of the year as inflation will remain above 5%, and regulatory crackdowns against the industry deepen, according to the annual report published by crypto research firm Messari. Examining the industry through a long-term perspective, however, the firm said institutional investments have grown steadily YoY despite...Read More
Ethereum’s price has rebounded strongly over the last seven days, climbing back up from a recent low below $1,000. ETH price is currently at $1228.41 a change of 7.71% over the past 24 hours. The current price action of ETH has led to market capitalization of $148,344,552,371 USD. The 24hr volume sits at $14,183,763,159 with...Read More
Ethereum’s public testnet Sepolia is now the second major testnet to implement the long-awaited Merge upgrade. This brings the entire protocol a step closer to changing its consensus mechanism from proof of work (POW) to proof of stake (POS). The upgrade involved “merging” the existing Sepolia POW chain with the POS-based beacon chain. The beacon...Read More
June proved to be a brutal month for the cryptocurrency market. The price of the two largest assets – Bitcoin and Ethereum – posted a large decline as uncertainties surrounding the possible insolvency of crypto lending companies, including the crypto native fund, Three Arrows Capital, seeped in. The latest data suggest that macro sentiment around...Read More
For the first time in almost a year, revenues for Bitcoin (BTC) miners surpassed those of Ethereum (ETH) in June. But even then, both digital assets have shown dwindling profit margins owing to the prevailing crypto winter. According to a July 5 report by Binance, last month, Bitcoin miners generated $656.47 million. Meanwhile, Ethereum miners...Read More
Ethereum Name Service (ENS) domain 000.eth was sold for 300 ETH, roughly $315,000, on 3rd July. This marked the second-largest purchase denominated not just in Ether but also in terms of US Dollars. Record-Breaking Sale On-chain data revealed that the ENS name was sold by a user called EtheOS on the OpenSea marketplace who had...Read More
Cryptocurrency markets continue to trade sideways this Saturday as the global crypto market capitalization remains above $868 billion while Bitcoin trades above $19k and Ethereum manages to stay above $1k. Major stocks rallied during the first day of the year’s second half, ahead of a long July 4th weekend, spelling some good news for global...Read More
After a bearish week, the global cryptocurrency market continues to trade sideways today, sending Bitcoin below the $20k level and Ethereum below $1.1k. Stocks are having one of their worst years, with Tech Stocks showing significant bearish momentum in 2022. The good news is that the selloff has subsided this Friday as BTC remains above...Read More
After a sharp rebound last week, Bitcoin and Ethereum again suffer significant bearish momentum as BTC and ETH prices dip to yearly lows at $19k and $1k, respectively. The bear market is in full effect for crypto and traditional markets. Tech stocks are having their worst year yet, with major stocks like Apple Inc (AAPL)...Read More
Recent reports indicate that the Ethereum 2.0 merger will be happening sometime this year, with many predicting an early merge in August. This comes even as the network struggles with low scalability and massive gas charges. Merge Coming in The Summer A few months ago, Tim Beiko, an Ethereum network developer, mentioned that the upcoming...Read More
Gamers finally have something to smile about as the crypto bear market has resulted in a mining exodus and diminished demand for high-end graphics cards. Crypto Twitter is awash with images of stacks of GPUs being sold on second-hand markets, and prices for new and used units are starting to come down out of the...Read More
This week has been rather bullish for most digital assets as the market continues to show splendid recovery after hitting its bottom on June 18th. Bitcoin price is up over 3% today, trading at $21.2k, Ethereum price managed to close in at $1.2k, BNB is up over 12% this week, trading above $240, XRP saw...Read More
It has become challenging for miners to expand their operations as the schedule of the Ethereum Merge has become uncertain in the near times. The difficulty bomb is a computer program in the Ethereum blockchain meant to raise the complexity of mining ETH regularly. Developers have repeatedly delayed it in the merging, causing many problems...Read More
Ethereum competitor Avalanche announced new support for native Bitcoin (BTC) through its bridge solution built on its crypto wallet Core. Following the news, its native token AVX spiked higher, outperforming major digital assets like Bitcoin and Ethereum in the past 24 hours. Wrapped BTC on Avalanche Ava Lab – the foundation behind the smart contracts...Read More
After yesterday’s bullish rebound where Bitcoin and Ethereum prices saw significant price growth, the momentum is currently dying, with BTC and ETH prices retracting a few percent. Bitcoin is struggling to hold the $20k support level while Ethereum is attempting to stay afloat above $1k. The recent bearish momentum is likely due to continuing investor...Read More
Bitcoin price is up over 4% today as the cryptocurrency continues to rally past the $21k mark, currently trading at $21,546. Major cryptocurrencies like Ethereum, Cardano, XRP, and Solana are also showing substantial price growth, with SOL gaining upwards of 10% in the past 24 hours. The bullish momentum this Tuesday comes amid the stock...Read More
As recession fears pushed stock markets and cryptocurrencies to two-year lows last week, things are looking better this Juneteenth, as a federal holiday observes the end of slavery in the United States. Stock markets are closed today, which provides an extra day for cryptocurrencies to show bullish momentum and regain some of their prices. However,...Read More
Ethereum‘s price recently showcased some strength and recorded some short-term bounce that uplifted the price above $1100. However, the false weekend jump that recovered nearly 25% of the losses could all go in vain as the asset is about to drop hard marking new lows very soon. Interestingly, the buyers and the sellers are in...Read More
The cryptocurrency market is witnessing a tremendous selloff, with most assets losing more than 40% of their value in less than 24 hours. Bitcoin’s price is currently challenging the 2017 all-time high range of $17,500 to $20,500 and is constantly shadowing lower prices, indicating that sellers are exerting excessive pressure. BTC hit a fresh 18-month...Read More
After a scary correction this Saturday, with the Bitcoin price dropping to a low of $17.9k, the BTC price is recovering again, currently trading at $19.4k. Ethereum also recovered after dipping to $900, currently trading at $1k, up over 5% in the past 24 hours. The market saw a significant recovery after yesterday’s dump, which...Read More
After incurring significant losses earlier this week, the Bitcoin and Ethereum prices managed to hold support this Thursday as stock markets jumped Wednesday afternoon briefly amid the Fed raising interest rates by 75 basis points to fight inflation. The last time interest rates were as high as they are right now was two years ago...Read More
Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets. Since the Bitcoin and Ethereum prices continue to follow stock market actions, we’re seeing further losses as...Read More
The Founder of SkyBridge Capital – Anthony Scaramucci – advised investors to remain disciplined amidst the ongoing crypto havoc. He compared the months-long selloff to the Internet bubble burst in 2000 while noting that some crypto gems will survive the winter as Amazon did twenty-two years ago. “Stay Disciplined” As the bloodbath deepened, bitcoin slumped...Read More
It’s been a rough start to the week for crypto investors. The total market cap slumped below $1 trillion for the first time in 18 months. Bitcoin spearheaded the crash, falling to $21,000 on Monday, and Ether (ETH) dropped to as low as $1,093. The sell-off worsened after news surfaced that the U.S. Federal Reserve...Read More
