Author: Maria
The Ethereum network continues to demonstrate its remarkable presence in the cryptocurrency landscape with its scaling progress which popular market expert and head of research at Onchain Foundation, Leon Weidmann has confidently declared unstoppable, highlighting his confidence in the network’s potential in revolutionizing the sector. Ethereum Scaling Prevails In Heightened Market Volatility In a bold statement, Leon Weidmann, Onchain Foundation’s head researcher has proclaimed that the Ethereum network scaling development is unstoppable, solidifying its position in the blockchain space. His statement comes in the midst of prevailing uncertainty and broader market volatility. Leon highlights Ethereum‘s noteworthy developments in Layer 2…
The Ethereum gas fees for transactions have dropped massively amidst a broader decline in the cryptocurrency’s price. According to recent data, the base fee paid by users has fallen to an astonishingly low 0.82 Gwei, a clear indication of reduced activity on the Ethereum network. Rapid Decline In Ethereum Base Fees Data from Ultra Sound Money reveals that Ethereum’s base gas fee experienced a continuous decline throughout last week, eventually hitting a multi-year low of 0.82 Gwei on Saturday, August 11. This significant drop in gas fees can be attributed to a decrease in large transactions on the Ethereum network.…
Ethereum is pushing higher, as shown in the daily chart. After last week’s dip and recovery, the second most valuable coin is up nearly 25% from August lows. If buyers take charge today, clearing and closing above $2,600, as is currently the case, it could anchor the base of another uptick toward $3,300 in a buy trend continuation formation. 66% Of All Ethereum Addresses Are In Profit The possibility of this price action panning out is highly likely. According to IntoTheBlock data, Ethereum is at an intriguing phase and is impressively shaking off weakness seen in the first half of…
Cardano (ADA) has jumped into the top 3 in cryptocurrencies with the highest developmental activities, surpassing even Ethereum (ETH), the top altcoin, and the second-largest cryptocurrency by market capitalization. Cardano Ranks Third In Highest Developmental Activity In an August 6 post on X (formerly Twitter), on-chain market intelligence platform, Santiment released updates about the recent shifts in development activities amongst the top cryptocurrencies. The decentralized crypto data platform has unveiled its rankings of the top cryptocurrencies, with the most notable development activities for the past 30 days. These rankings are based on a detailed analysis of the GitHub activity across…
Former SEC Chief of Internet Enforcement John Reed Stark has stated that Morgan Stanley’s latest move to introduce a wide-scale offer of Bitcoin exchange-traded funds (ETFs) to its clientele will likely result in higher regulatory scrutiny for the American bank. This development comes amidst several commendations of Morgan Stanley from the crypto community in implementing what could be a significant pro-adoption policy. Morgan Stanley’s Bitcoin ETF Move Is A Death Wish, Stark Says Earlier this week, the Wall Street giant announced plans to allow 15,000 of its licensed financial advisors to start pitching the Bitcoin spot ETFs to clients. Specifically,…
The price of Bitcoin — and the general market — started the week with one of the largest declines they have seen in 2024. While this broad market downturn resulted in widespread fear and panic amongst crypto enthusiasts, it appears that many investors took the opportunity to amass more digital assets at low prices. According to the latest on-chain data, significant amounts of Bitcoin have moved out of cryptocurrency exchanges. The question here is — what does this mean and how does it affect the BTC price? Are Investors Backing The Bull Run To Continue? According to recent data from…
Ethereum fell to as low as $2,100 this week before bouncing, adding an impressive 25% from August 2024 lows. While there is confidence that prices will continue expanding, breaching $2,800 and even the psychological round number at $3,000, other market-related events might slow down bulls. Ethereum Network Unlocking Over 143,000 ETH According to Token Unlocks data, hundreds of thousands of ETH are in the queue and are set for withdrawal today. On-chain data reveals that validators are preparing to withdraw 143,000 ETH worth nearly $350 million. Another batch of 212,000 ETH will be available for trading in the coming days,…
Not many in the industry anticipated the Bitcoin crash last week or how far it will eventually go. However, crypto analyst Ali Martinez is one of the analysts who expected another crash, and had seemingly managed to predict where the price would eventually bottom. Following his correct prediction, Martinez has now revealed where he expects the BTC price to be headed next. Calling The $54,500 Bottom Following the crash that rocked the market, sending the Bitcoin price below $50,000, the cryptocurrency had begun another recovery. This recovery saw a break above $57,000, prompting many in the space to forecast a…
With Bitcoin (BTC) witnessing new gains as its price recovers from bearish trends, Michael Saylor, co-founder and former Chief Executive Officer (CEO) of MicroStrategy, is reaping the benefits. Saylor has been a vocal supporter and investor of Bitcoin for years. As the value of the cryptocurrency surges, so does his considerable BTC stash. How Much Michael Saylor’s BTC Holdings Is Worth In an exclusive interview with Bloomberg TV on August 7, Saylor divulged his substantial Bitcoin holdings, declaring that he now owns over $1 billion worth of BTC. The MicroStrategy co-founder revealed in an X (formerly Twitter) post in 2020 that he…
For years, Bitcoin investors have applied a number of factors and events in an effort to predict where the cryptocurrency’s price is headed next. With the popularity of astrology, it is also no surprise that it has made its way into the Bitcoin and crypto industry, and astrologers have begun applying it to BTC’s price movements. One major event in astrology is “Mercury in Retrograde” and an analyst has outlined how this could possibly affect the Bitcoin price. What Mercury In Retrograde Does For Bitcoin In scientific terms, “Mercury In Retrograde” means a period of time when the inner planet…