Ethereum energy consumption had been on the rise through 2021. Most of it had been triggered by the bull market which had brought renewed interest to the market. However, with the market now finally headed into the dreaded bear trend, the interest in the blockchain has waned. As a result, activity on Ethereum is down […]
Over the last week, Shiba Inu has seen an upwards push as the returns of the memecoin stand at 48%, while competitor Dogecoin only observes gains of about 26%. Shiba Inu Manages Double The Weekly Returns Of Dogecoin Since the market-wide crypto crash earlier in the month, both DOGE and SHIB have been trying to […]
XRP, the native currency of the Ripple transfer network, has placed itself on a rally that saw the asset rise by 15% in in the past 24 hours…
Solana Labs Co-Founder Anatoly Yakovenko announced a suite of products aimed at harvesting crypto’s potential to integrate with smartphones. According to an official post, the digital assets industry and this network have grown and support millions of users, but apparently, they rely on desktop applications. Related Reading | Bitcoin Trading Volume Nears One-Year Highs As Volatile […]
The CEO of the world’s largest crypto exchange Binance Changpeng “CZ” Zhao addressed the bailout happening in the industry. As a result of the recent downside trend across the market, the collapse of the Terra ecosystem, and high leverage positions, several companies need financial rescue. Related Reading | Bitcoin Trading Volume Nears One-Year Highs As Volatile […]
Data shows the Bitcoin spot trading volume has surged up recently and is now approaching one-year highs as volatility in the market continues. Bitcoin Weekly Trading Volume Jumps Up To Almost $8 Billion According to the latest weekly report from Arcane Research, the spot volume has continued to go up since the crash. The “trading […]
Buterin doesn’t think crypto can replace traditional currencies since the fiat ones will stay the most dominant form of finance so let’s read more about it in today’s latest Ethereum news. The Ethereum co-founder Vitalik Buterin doesn’t think that digital assets have a chance of stealing the supremacy of traditional currencies. The global economy is […]
Bitcoin has been increasingly in a shaky state and has dropped by as much as 50% compared to its previous all-time high. All eyes are on the crypto alpha dog, watching its next price movements. On the other hand, many market analysts believe that the drop in BTC trading value is a jumping board towards massive growth. As a matter of fact, Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, on his recent tweet, said that the crypto’s plunge is normal as the coin is still trying to get the hang of it as it faces a massive test. Suggested Reading | ‘Original Bitcoin’ Makes Surprise 24% Climb As Crypto Markets See Red Bitcoin Decline – An Unnecessary Evil? McGlone posted via Twitter saying: “$20,000 Bitcoin may be the new $5,000. The fundamental case of early days for the crypto’s adoption vs. diminishing supply may prevail as the price approaches too-cold levels. It makes sense that one of the best-performing assets in history would drop in 1H.” McGlone has always been extremely bullish about BTC believing that the king of cryptocurrency will regain its dominion and power as the most important crypto investment. In fact, the senior commodity strategist believes that once the market has stabilized, Bitcoin is set to outperform all other crypto assets. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone. Image: Elevenews. Further, the finance experts states that BTC can’t be classified as an asset but rather a collectible. McGlone firmly stands by his own price projection that Bitcoin will reach $100,000 by 2025 and its current dip or correction is attributed to the worsening inflation. The majority of crypto fund managers surveyed by financial services firm PWC believe that the price of bitcoin will be between $75,000 and $100,000 by the end of the year. The data in the report comes from a survey of 77 crypto hedge fund managers conducted in April, PWC said, adding that their total assets under management for last year amounted to $4 billion. While McGlone has maintained his bullish stance, other crypto market strategists like Peter Schiff believes otherwise. Schiff sees Bitcoin’s decline as it is and says that it’s the long-anticipated bubble burst that is bound to make the market bleed. BTC total market cap at $415 billion on the daily chart | Source: TradingView.com BTC Trying To Stay Above $20K Critical Line Currently, BTC trades at $21,200 and trying to stay above and thriving beyond $20,000. The frontrunner in crypto has also led all other cryptocurrencies in shaving off as much as $360 billion in just one week. Bitcoin’s price seems to do a free-fall trajectory as it nears the critical $20K level. BTC is said to be technically oversold as it has recently breached the $30K support level and going down with increased momentum and two things are bound to happen: either Bitcoin pulls back and goes for a bullish run — or head further down or what analysts refer to as the “bottom accumulation phase.” Suggested Reading | Ethereum Drops Below $950 On Uniswap Overnight – Here’s Why Featured image from The Naked Scientists, chart from TradingView.com
Michael Saylor took to Twitter to assure investors that MicroStrategy’s balance sheet is well-positioned to avoid a margin call in its bitcoin-backed loan.
Bitcoin continued to trade narrowly on Wednesday after a nine-week extended sell-off.
According to data from Glassnode, the total number of Ether (ETH) locked in Ethereum’s Eth 2.0 has surpassed 12.764M as the layer one network inches closer to upgrading to a proof of stake blockchain.
As Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized finance (defi) educator, the $22.6 billion worth of ethereum that continues to grow won’t be… More
Bitcoin decoupled from equity markets to the downside on Monday after ending last week as the eighth consecutive weekly loss.
Ethereum nears major update with the testnet set to merge in June and the Foundation also doubled reward payouts for the bounty program so let’s read more today in our latest Ethereum news. The Ethereum developers reached another milestone on their way to the ETH 2.0 network upgrade and the Ropsten public testnet will undergo […]