Author: Maria
On-chain data shows Ethereum has notably outpaced Bitcoin in terms of adoption during the last three months, a sign that could be positive for ETH. Ethereum Has Seen Its Holder Count Go Up By 3.3% In Last Three Months According to data from the on-chain analytics firm Santiment, Ethereum has continued to separate itself from Bitcoin in its growth of the Total Amount of Holders. The Total Amount of Holders here refers to an indicator that, as its name suggests, keeps track of the total number of addresses on a given network that is carrying some non-zero balance. When the…
The historical Spot Ethereum Exchange-Traded Funds (ETFs) are currently seeing a negative sentiment, which is believed to be mimicking the negative trend seen with that of the Spot Bitcoin ETFs on BTC’s price following its inception in January of this year. Their respective ETFs have seen decreased inflows and deteriorating performance, closely mirroring each other as the two most popular cryptocurrencies face downward pressure. Spot Ethereum ETFs Face Notable Challenge According to analysts at the Woo X research platform, spot Ethereum ETFs are in a similar downward trend to Bitcoin, indicating the general bearishness of the market. After the inception…
In a single day, $1.05 trillion was wiped out of the US stock market. This decline represents one of the largest of any single day in recent times and also reflects a mix of unsatisfactory economic data and huge struggles among major companies. Investors are understandably rattled because this downturn brings up some seriously unsettling questions about the stability of this market. Stock Market: Economic Data Drives The Decline The Dow Jones Industrial Average plummeted more than 626 points right off the bat within the first seconds of the opening. At close, it shed more than 700 points and ended…
Bitcoin (BTC) is navigating through a storm of fear and uncertainty, with recent volatile price action causing significant shakeouts among traders and investors. Since August 24, BTC has experienced a sharp retrace of over 12%, plunging below the $60,000 mark—a crucial psychological level that often serves as a pivot point for both price action and market sentiment. As BTC fluctuates, parallels are drawn between its current structure and the 2016 bull market. With historical patterns suggesting a potential breakout, the question on everyone’s mind is whether Bitcoin is poised for a repeat of its past performance. As the market watches…
In one bizarre incident, housebreaking robbers threatened a man with a machete over his Bitcoin stash. The robbers also used one very interesting piece of weapon: a Toblerone chocolate bar. The incident was reported in Scotland and has only now gained attention this month as Scottish prosecutors seized 23.5 Bitcoin and exchanged them for cash – marking a legal first for the country. The Bitcoin Robbery: A Disturbing Encounter The robbery took place in a quiet neighborhood near Glasgow late one night. The victim, known to be a cryptocurrency enthusiast, was inside his house when three masked men broke open…
Crypto analyst Titan of Crypto has highlighted an indicator that paints an ultra-bullish picture for Bitcoin (BTC). Based on this, the flagship crypto could be set to reach its current all-time high (ATH) and even surpass it. Golden Cross Forming On The Bitcoin Chart Titan of Crypto revealed in an X (formerly Twitter) post that a Bitcoin Golden Cross is happening. He elaborated that the Golden Cross between the 100-day and 200-day moving averages is unfolding, noting that the crypto market has never witnessed this before. The crypto analyst added that if it is successful, this development could trigger the…
Despite starting the month of September on a positive note, recent data shows that Ethereum reserves on crypto exchanges have witnessed a significant rise, which has raised questions about a possible market implication. The surge of Ethereum on exchanges is seen as a change in investors’ mood, as some traders may be hoping to profit from price swings or preparing for further volatility. This rise comes in light of mounting concerns about a Death Cross formation. Ethereum Flowing Into Exchanges On A Huge Scale Market expert and enthusiast, Shayan, pointed out the development in his recent research on the leading…
Energy rivalry between Artificial Intelligence and Bitcoin mining is heating up. As tech firms improve AI, they compete with Bitcoin miners for energy. This competition reshapes US energy consumption, as both sectors have driven unprecedented electrical demand. AI data centers are leading in the race for energy consumption. These power-thirsty projects have forecasts indicating they will consume anywhere from 85 to 134 TWh of electricity annually by the year 2027. This is roughly equal to the yearly energy consumption of Norway or Sweden and demonstrates how massive an amount of power needs to be utilized in order to execute complex…
Bitcoin historically tends to have a tough time during the month of September, as quite often it delivers negative returns to traders. Despite the gloomy trend, the current forecast of BTC price is surprisingly rosy, anticipating it to rise 30% by October 1, 2024. But will this bullish forecast last, or is Bitcoin in for yet another raw deal in the weeks ahead? BTC prices have not been able to stay above $60,000. The coin was most recently rejected at the psychological level on August 27. It then went through a quick 10% correction over the next two days. That…
Ethereum co-founder Vitalik Buterin has denied allegations that he has been selling significant amounts of Ether for personal gain. Buterin claimed to have sold his ETH tokens to support various cryptocurrency projects and other charitable endeavors. Here’s Why The Ethereum Founder Moved $2 Million In ETH On Friday, August 30, blockchain data tracker Lookonchain revealed that Buterin transferred 800 ETH (worth about $2 million) to a multi-signature (multi-sig) wallet. This recipient address then swapped 190 ETH for 477,000 USDC shortly after. In the post on the X platform, Lookonchain also noted that Buterin had moved 3,000 ETH (equivalent to more…