Bitcoin’s growing preeminence over other cryptocurrencies such as Ethereum is highlighted by recent market statistics. Yesterday, there was a significant drop in the value of altcoins, which include all cryptocurrencies other than Bitcoin. As a result of this sell-off, ETH has hit fresh lows against Bitcoin. Since the beginning of
Ethereum, the second-largest cryptocurrency by market capitalization experienced a significant downturn by hitting $1,551, nearing a seven-month low. This drop comes after a challenging week in which it declined by over 8%. The Ethereum community is reeling from this shock, especially considering that ETH began October by breaking the resistance
The crypto market today continued its bearish phase. In recent days, the value of Bitcoin (BTC) has struggled to rise beyond the $28,000 mark, and on Monday morning, it was trading at about $27,769, down 0.69% in the last 24 hours. The selling pressure has resulted in significant losses for
In a week marked by increasing geopolitical tension, Bitcoin (BTC) managed to maintain its stronghold above the $28,000 mark. The oldest cryptocurrency closed the week on October 8th, recording its third consecutive week in profit after briefly dipping below $25,000 on September 12th. Over the weekend, Bitcoin demonstrated resilience, avoiding
Vitalik Buterin, co-founder of Ethereum, recently put forth ways to address issues of decentralization. He proposes a two-tiered staking mechanism with node operators and delegators as separate participant types. Buterin argued that the network and its users would benefit greatly from this approach and listed many potential advantages. From the
According to market researcher Rekt Capital, there is one more significant downturn on the cards before the next halving occurs, since Bitcoin’s price behavior in 2015 and 2019 both indicated substantial falls at this time. In a follow-up post, the analyst said that he intends to dollar-cost-average into Bitcoin for
In the midst of volatile investor sentiment, Ethereum’s technical landscape presents a series of hurdles, including potential trend reversals and critical resistance-support tests. The cryptocurrency recently made an effort to recover from the $1,690 zone, managing to surpass the $1,720 resistance level. However, much like Bitcoin, its upward momentum faced
According to data compiled by Santiment, the average fee this week has been about $1.13, making it the lowest it has been since November 2022. Historically, ETH’s price has bottomed out and begun rising shortly after the Ethereum network fee has been around this level. There has been no noticeable
As October dawns upon the crypto world, historical data suggests that Bitcoin (BTC) may be gearing up for a potentially bullish month. The oldest crypto gem has often witnessed an upswing in its fortunes during this time of the year, igniting hope among investors after a challenging few months. Bitcoin
In a recent study, crypto market data analytics company CryptoQuant concluded that widespread interest in Bitcoin (BTC) is a positive sign for its value. Nonetheless, researchers have concluded that interest is low and that no fresh capital is being poured into the ecosystem, suggesting that the bull market’s top is
