The cryptocurrency market have experienced a widespread rebound lately with major cryptocurrencies trading in green. Ethereum’s recent fees stabilization has made the network even more appealing, and if the cryptocurrency can push through its present resistance levels, it has the potential to reach $2000 again. Moreover, a crypto whale has
Bitcoin, the largest crypto by market capitalization, recently surged to a momentary high of $27,432. This is the highest point it has reached since the GBTC victory over the SEC on August 29. This has left the crypto community both puzzled and hopeful as the price subsequently tumbled to $26,868
Bitcoin has had a great start to the new week and the price is showing strong bullish momentum. Crypto traders and investors alike are paying extra attention to the FOMC meeting due to its impact on the overall market in recent years. Two major events on Wednesday might have a
The recent attempt to establish the Ethereum Holesky test network was unsuccessful because of a parameter mismatch. The network is still scheduled for a formal debut soon and will become Ethereum’s biggest test network, with 1.46M validator nodes, twice as large as the primary network. The release of Holesky marks
Bitcoin and other cryptocurrencies were lately facing severe downtrend due to fears that FTX may unload its cryptocurrency holdings. This selling pressure resulted in Bitcoin drop terribly and a general decline throughout the cryptocurrency market. Fear of selling pressure from FTX subsided, however, and BTC prices climbed back over $26,500,
Ethereum bears appear to be showing exhaustion following an extended period of dominance. Over the past three days, the ETH chart has displayed an upward trajectory, marking a recovery from the 12% dip experienced over the past month. Also, it has managed to bounce back from its lowest point in
Inflation in the United States surged to an annual rate of 3.7% in August, surpassing the consensus expectation of 3.6%, according to the latest Consumer Price Index (CPI) statistics released by the U.S. Bureau of Labor Statistics. This marks the second consecutive month of rising inflation, with the CPI rising
Vitalik Buterin, co-founder of Ethereum, spoke with David Hoffman at Blockworks’ Permissionless event recently, outlining his hopes for Ethereum and the larger Web3 ecosystem. Buterin said that existing advancements in the blockchain field, such as DeFi and NFTs, are vital but relatively restricted in magnitude, and he called for more
Glassnode, a blockchain analytics platform, recently reported that just around 53.5% of Ethereum addresses are profitable. The cryptocurrency’s price has dropped by 13.66% over the previous 30 days. Moreover, the price of Ethereum recently broke the key support level of $1600. According to Glassnode’s calculations, the last time the percentage
Bitcoin price has so far managed to avoid further decline by finding support around the $25,000 region; it was around this price that the last upswing to $31,500 began. BTC made a dramatic recovery after yesterday’s drop, climbing to around $26,000 earlier today. In a short time, the BTC price
