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Ethereum surged to a two-month high on Monday, as crypto prices have mostly moved higher following Friday’s nonfarm payrolls report. Bitcoin rose to a one-week high, as the token climbed above $24,000 to start the week. Overall, the global market cap is trading 4.11% higher as of writing. Bitcoin Bitcoin (BTC) was up for a […]Powered by WPeMatico
The first day of the main stage event included a keynote presentation from Ethereum’s Vitalik Buterin, 1inch Network’s Sergej Kunz, and Klaytn Foundation’s Sam Seo.
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“It’s a vision that has been, I think, forgotten a little bit and I think one of the reasons why it has been forgotten is basically because it got priced out of the market,” Vitalik Buterin said.
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The past two months have been relatively uneventful for cryptocurrency markets. Bitcoin and Ethereum have been trading sideways since mid-June, and despite minor bull rallies in July, the market is essentially unchanged. Trading volume is showing a significant drop today, with Bitcoin’s 24-hour volume down over 37% while Ethereum’s is down over 40%. The sharp decrease in trading volume makes sense since today is Sunday, and most traders are taking the day off. Key Points: Cryptocurrency markets remain weak and continue trading sideways as trading volume decreases sharply. Bitcoin bears are making their presence known as the underperformance of the
The post Cryptocurrency Markets Remain Flat as Bitcoin and Ethereum Trading Volume Falters appeared first on The Merkle News.
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On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers, launched the Arbitrum One mainnet. The Arbitrum team says […]Powered by WPeMatico
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and […]Powered by WPeMatico
The rise in the ETH/BTC pair is painting a bearish technical pattern, hinting at a potential correction.
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Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move.
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After a relatively stagnant market activity this week, with Bitcoin managing to hold the $23k support level, Ethereum soars to $1,700, gaining 6% today. With the recent price hike, ETHUSD is nearing the 50% market capitalization of Bitcoin, inching closer to possibly overtaking BTC as the most-valued cryptocurrency by market cap. The global cryptocurrency market also shows substantial price growth, valued at over $1.1 trillion, up over 3% in the past 24 hours. Key Points: Ethereum soars to $1,700, outperforming Bitcoin. Coinbase partners with BlackRock, opening doors to institutional investors to invest in crypto. Coinbase stock has risen by over
The post Ethereum Price Soars to $1,700, Outperforms Bitcoin, Coinbase Partners With BlackRock appeared first on The Merkle News.
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Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with prices rebounding in today’s session. The move came ahead of this afternoon’s payrolls report, which is expected to show that 250,000 jobs were added to the U.S. economy in July. Bitcoin Ahead of the nonfarm payrolls report, bitcoin (BTC) was back […]Powered by WPeMatico