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JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield, Worthington explained that The Merge could boost Coinbase’s annual income by $80 to $100 million from staking services. […]Powered by WPeMatico
After peaking at $25k on Sunday, continuing to trade sideways in the $24k range, and now falling to the $23k level, Bitcoin is struggling to hold current support as trading volume continues to decline. While the cryptocurrency market remains above the $1 trillion market cap range, BTC and ETH are seeing single-digit-percent losses this week of 3-4%. With Bitcoin and Ethereum behaving, we’ll likely continue to see the crypto assets testing support and decline until next week. Key Points: Bitcoin continues to trade sideways in the $23-24k range. 24-hour trading volume subsides as cryptocurrency markets remain flat. Significant losses in
The post Bitcoin Price Rejects $25K, as Cryptocurrency Markets Continue to Lose Momentum appeared first on The Merkle News.
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Ethereum was once again trading below $1,900 during Thursday’s session, as the Ethereum Foundation clarified speculation surrounding The Merge. It was recently rumored that the move will reduce gas fees, however these claims were somewhat dismissed. Bitcoin was also lower, as it continued to trade below $24,000. Bitcoin Bitcoin (BTC) fell lower for a fifth […]Powered by WPeMatico
The CEO of Monochrome Asset Management says their license approval represents a significant step forward for both the advice industry and retail investors.
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On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs have printed some of the lowest onchain fees since 2020. […]Powered by WPeMatico
Crypto and stock markets corrected as traders grew nervous ahead of Wednesday’s FOMC minutes, but the real stress point is whether traders will “buy the dip.”
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The Merge will still reduce the network’s energy consumption by an estimated 99.5%.
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Bitcoin continued to trade below $24,000 today, as the token fell for a fourth consecutive session. Following last week’s bullish run, upwards momentum in crypto has eased, leading to a return of bearish sentiment. Ethereum was also lower, as it dropped below its resistance of $1,885. Bitcoin Bitcoin (BTC) fell for a fourth consecutive session […]Powered by WPeMatico
EOS attempts to become a fully decentralized network following a key “hard fork” in September.
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$24,500 keeps control on hourly timeframes as gains for both Bitcoin and Ethereum are quickly extinguished.
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